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Economics and Business AS and A Level at Queen Elizabeth Grammar School Penrith

Course description

It doesn’t matter if you haven’t studied economics before. You might have an interest in economics and business. You might want to investigate some of the stories you hear in the news – Why do some economies grow and others don’t? Why didn’t economists predict the Global Financial Crisis? What impact does the economy have on the business world? What is globalisation? This course will help you to understand all this and more.

Course content

Year 12 Theme 1: Markets, consumers and firms. In this theme, students explore the way in which consumers make choices and entrepreneurs create desirable products.
Theme 2: The wider economic environment. This theme explores how businesses can become more competitive. It introduces students to the wider international and economic environment in which businesses operate.
Year 13 Theme 3: The global economy. This theme builds on the content of Theme 2 and continues its focus on the international economic and business environment. Issues such as globalisation and the impact of emerging economies are studied.

Theme 4: Making markets work. This theme considers degrees of competition within markets and then encourages students to apply their understanding to how governments may improve the functioning of markets and the economy.


For AS you will study Theme 1 and Theme 2 and will sit two exams at the end of your course.

For A level you will study all four themes and will sit three exams at the end of your course.

Future opportunities

  • Studying economics will help you develop transferable skills that will prepare you for studying at university or moving into the world of work. These include skills in data interpretation and essay writing. You will also develop commercial awareness.
  • Suitable higher education courses include economics degrees or degrees in applied economics such as environmental economics, labour economics, public sector economics or monetary economics.
  • You might choose to study business economics, international business or a business and management degree.
  • Economics students can follow a wide range of careers in industry, commerce, finance and the civil service.
  • You might choose a career in banking, sales, product management or general management.

How to apply

If you want to apply for this course, you will need to contact Queen Elizabeth Grammar School Penrith directly.

Last updated date: 15 August 2016

Key information


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    • The school was founded by Royal Charter in 1564. It was formerly situated in the centre of Penrith near St. Andrew's Church, but moved to the new buildings on its present site in 1915. The main school was extended in 1937 and 1958. The Donald Fay Memorial Building consisting of four Technology rooms and two Information Technology rooms was completed by September 1995 and a new building providing six Science laboratories, four Mathematics rooms and another Technology room was opened in July 1998. In November 2001, the Peter Kremer Sports Hall and four English rooms were completed. Further building work in 2004, 2009 and 2014 has provided additional office space and four classrooms. The extensive playing fields are adjacent to the school.