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Economics AS & A Level at Farnborough College of Technology

Course description

Economics has become high profile. Oil prices, the credit crunch, bankers’ bonuses and fears of a Euro meltdown are just some of the topics rarely out of the news in recent years, throwing a light on the importance of, and divisions within, the discipline. 

The course combines theory with its practical application to current issues. For example, should the railways be Government run, should the rich pay much higher taxes, is the UK better off leaving the European Union? Students should have a keen interest in current affairs and reasonable numerical skills.

Course content

AS Subject Content

  • The basic economic problem e.g. infinite wants and scarce resources
  • Economics as a science
  • How prices are determined
  • Production, costs and revenue
  • Competitive and concentrated markets such as monopolies
  • Market failures where the price mechanism fails to allocate resources effectively
  • Measuring the performance of the UK economy
  • How the economy works: AD/AS analysis
  • Policies to manage the economy

A level Subject content

All of the AS content plus:

  • Consumers and firms objectives in the economy
  • Competition between firms – perfect, monopoly, oligopoly
  • The labour market and how wages are determined
  • Poverty and inequality
  • Financial markets and monetary policy
  • Fiscal and Supply-side policies
  • The international economy

Entry requirements

5 GCSE grade A*-C including English Language. References will be required.

Assessment

AS Level have 2 examinations, each of 1 hour 30 minutes duration.
Each exam carries 50% of the marks for the AS grade and comprises multiple choice, short answer and extended writing questions.

A2 Level has 3 examinations, each of which is 2 hours in duration. 
Each paper is worth 33% of the A Level and comprises context, extended writing and some multiple choice questions.

There is no coursework.

Financial information

Sources required

AQA A-level Economics: Student Book 1
Authors: Steve Stoddard, Andrew Gillespie, David Horner and John Turner 
Publisher: Collins 
ISBN-13: 978-0-00-759760-4 

AQA A-level Economics: Student Book 2
Authors: Steve Stoddard, Andrew Gillespie, David Horner and John Turner 
Publisher: Collins 
ISBN-13: 978-0-00-759761-1

How to apply

If you want to apply for this course, you will need to contact Farnborough College of Technology directly.

Last updated date: 25 October 2016

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