Economics A Level at Coulsdon Sixth Form College
The basic economic problem addresses how we can solve the world’s desire for unlimited needs and wants with the scarce resources available. During the A Level Economics course, you will look in greater detail as to how governments, firms and individuals tackle this problem. Economics will give you the analytical and evaluative tools required to deal with a range of questions and issues that affect the world today.
Issues you will consider:
- Why does the price of petrol fluctuate?
- What is the true cost of rising CO2 emissions and how can we solve the problem of global warming?
- Should the UK leave the EU?
- What is austerity?
- Why do footballers receive such high wages?
- Why is education the solution to solving income inequality?
Economics can be a useful subject for any student looking to improve their analytical and communication skills; its mix of essay writing and mathematical analysis provides a wide-ranging approach.
Microeconomics examines the impact of decisions made by individuals and firms. This unit helps students to understand the economic theory of demand and supply and how to apply this law to different markets.
It allows students to evaluate how well different economic theories explain our observation of economic agents such as individuals and businesses in the real world. It deals with issues such as environmental pollution and overconsumption of fast food. These imperfections and market failures provide a lead into a discussion of the merits and drawbacks of government intervention into our lives.
Macroeconomics allows us to understand how the economy functions on both a domestic and global level. It encourages learners to adopt a critical approach to their study of government policy through development of their understanding of the limitations and conflicts which are caused by decisions regarding taxation and spending. There is also a study of the application of policy instruments such as interest rates and quantitative easing.
Themes in Economics
Economics is at the heart of a number of key issues that have faced our society and will confront our future, such as: what will become of the UK? How will the turmoil in the Middle East affect our day to day lives? Why is the government in so much debt?
Throughout the course, students will apply economic theory to a variety of issues, learning the skills which will allow them to form their own conclusions about what is best for society.
Students wishing to include A Levels in their programme need to have (or expect to achieve) at least five GCSE passes, with at least two at Grade 5 or above.
In addition, Economics students should meet the following minimum GCSE grades:
- Grade 5 in English Language and Grade 5 in Mathematics
Students should have an interest in issues affecting the UK and global economy and good general knowledge of current affairs.
Students should have an enquiring mind, enjoy problem solving and working with others.
The course is 100% examination based; there is no coursework. Students sit three examinations at the end of the second year.
Economists can be found in every different walk of modern life.
It may lead to a career in politics or it could take you into the City of London, where you may be trading millions of pounds every day for a global investment bank.
You may end up working as a journalist on a national newspaper or you could end up working for a charity or NGO in the developing world.
You may find yourself presenting Newsnight, like Evan Davis, or you could even become the captain of the England Cricket team like Andrew Strauss.
Economics is highly valued by employers who respect its rigorousness and the variety of mathematical and written skills it gives graduates.
How to apply
If you want to apply for this course, you will need to contact Coulsdon Sixth Form College directly.