Economics A Level at The Bishop Wand Church of England School
Should we be building new hospitals or new schools? How does a nation create wealth? Who pays for the welfare state and why? How do governments decide how to spend our taxes? Economics is concerned with the problem of scarcity – how to meet infinite wants with finite resources?
The operation of markets and market failure
- Economic methodology and the economic problem
- Price determination in a competitive market
- Production, costs and revenue
- Competitive and concentrated markets
- The market mechanism, market failure and government intervention in markets
The national economy in a global context
- The measurement of macroeconomic performance
- How the macro economy works; the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
- Macroeconomic policy
GCSE English and Maths 5
The A Level is assessed by three examinations (Paper 1, Paper 2 and Paper 3) to be taken at the end of the two-year course. There is no coursework.
A Level Economics develops skills that employers consistently find valuable: Communication, writing and analysis, as well as important skills like numeracy and business acumen.
This leads economics students to careers as diverse as teaching, law, and journalism; they also become managers, advertising executives, and financial advisers.
Students are expected to develop a good wider understanding of the subject by attendance to seminars and conferences. There are numerous free lectures at London School of Economics and other London universities. Students are encouraged to attend or watch them online. Economic issues are always in the media and you are encouraged to follow updates from the Economist, the BBC and other reputable sources.
How to apply
If you want to apply for this course, you will need to contact The Bishop Wand Church of England School directly.