Economics A Level at Saffron Walden County High School
Technically, Economics is the study of how the forces of demand and supply allocate
scarce resources, for consumers, firms and at national level. In practice, it includes all
sorts of real issues, eg a tax on sugar, a minimum price for alcohol, the best way of
reducing unemployment, whether income tax should be raised or cut and the
impact of emerging markets such as India and Nigeria.
Quantitative skills are an essential aspect of the course, for example calculating and
understanding ratios, fractions, percentages, index numbers, averages and graphs.
Students will be introduced to the reasons why prices change, why markets don’t always work and how and why governments then intervene, not always for the better! We also look at topics such as inflation, unemployment, international trade and economic growth,
as well as discussing government policies such as taxation, keeping the economy growing and the Bank of England’s role in setting interest rates.
As your understanding deepens, we will consider the application of economic concepts to the world economy, firms’ behaviour and the labour market. You’ll discuss topics such as monopoly power, wage inequality, and bigger concerns such as the influence of China, developing economies, sustainability, globalisation, the EU and the euro, as well as taking a look at the UK financial sector. All of this is in the context of differing approaches to policy-making.
GCSE 5 in Maths and English
100% examination, comprising multiple choice, data response and essay questions.
How to apply
If you want to apply for this course, you will need to contact Saffron Walden County High School directly.