Economics A Level at Philip Morant School and College
The study of Economics emphasises the importance of economic issues in a modern industrial society and seeks to encourage the development of a basic economic competence which will help to prepare the student to play a full part in that society.
The first great attraction of Economics as an A Level subject is that you are not expected to know anything about it in advance! However, it is important to have an interest in economic matters and problems, supported by the ability to express oneself clearly and coherently in written work.
Mathematics, Further Mathematics, Physics, Sociology, Geography, Law, History and English have particular relevance to Economics. Students wishing to read Economics at university are advised to study A Level Mathematics as this is generally a university requirement.
Unit 1: Markets and Market Failure: why economic choices have to be made; the market model; how markets can be efficient and also how they can fail.
Unit 2: The National Economy: the use of economic models to develop a critical understanding of macro-economic issues; understanding and evaluating the different policy options used by governments to manage the economy.
Unit 3: Economic Principles and Issues: applying the theory learnt in units 1 and 2 in 'real world' contexts.
It is not necessary for students to have studied Economics at GCSE but a minimum of a grade 6 in Mathematics at GCSE and grade 5 in English is required. The subject content is largely topical and this makes it necessary for students to consult a wide variety of media sources such as newspapers, television and the Internet.
Exam Board: AQA
All units are assessed through written exams that are externally marked. The exams consists of multiple choice questions, data response questions and essay questions.
Economics is highly rated by universities and employers. Certainly those considering ‘city’ careers may find the subject a useful insight into the business world and the economy in general. Possible career choices include accountancy, insurance, financial services, journalism, banking and management.
How to apply
If you want to apply for this course, you will need to contact Philip Morant School and College directly.