Economics A Level at Farlingaye High School
This course aims to encourage students to develop an academic understanding of relevant economic and business concepts and theories and to apply them to real-world issues.
An interest in the wider world will be essential. Students will have the opportunity to participate in study trips, student conferences in London, Junior Investor Challenge, Enterprise Day and other Business competitions.
Theme 1: Markets, consumers and firms
- Scarcity, choice and potential conflicts
- Enterprise, business and the economy
- Sources of finance
- The markets
- Market failure and government intervention
- Revenues, costs, profits and cash.
Theme 2: The wider economic environment:
- Business growth and competitive advantage
- Marketing and price & income elasticity of demand
- Increased business efficiency
- Life in the global economy
- The economic cycle
- Introduction to macro-economic policy.
A Level units
Theme 3: The global economy:
- Business expansion
- Global marketing
- Multinational corporations
- Global labour markets
- Inequality and redistribution
Theme 4: Making markets work:
- Competition and market power
- Market failure across the economy
- Macroeconomic policies and impactson firms and individuals
- Risk and the financial sector.
(GCSE grades) English and Maths and Business (if taken) B
Examinations are 100% of the assessment.
An ability to communicate well in written form is essential.
20% of assessment will involve calculations which will need to be then applied and developed into written answers.
- AS: Two 90-minute exams in Year 12 for each theme made of short and extended written responses.
- A2: Three two-hour exams in Year 13 for each with a combination of written response and extended essay style questions in response to unseen case study material.
- One of these A2 papers will also be based around an extended research topic area, set by the board, which will require students to develop a more detailed knowledge about a specific economy e.g. India
The course gives students access to a range of careers and opportunities for higher education (unlike similar qualifications this is a recognised course for Economics at Oxbridge).
How to apply
If you want to apply for this course, you will need to contact Farlingaye High School directly.