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Economics A Level at Finham Park School

Course description

Economics is a good subject for developing personal transferable skills. It is intellectually robust and of contemporary relevance. It can prepare you for very high-powered jobs that can be rewarding financially and intellectually. Many economics graduates have excellent, demanding and rewarding jobs.

Course content

Module 1: Microeconomics
You will be required to study a selection of microeconomic models and to apply these to current problems and issues. Microeconomic models such as demand and supply, perfect competition, monopoly, the operation of the price mechanism and the causes of market failure are central to this part of the specification. You will need to demonstrate a realistic understanding of the decisions made by firms and how their behaviour can be affected by the structure and characteristics of the industry in which they operate. Other key models relate to the operation of labour markets, wage determination and causes of inequalities in the distribution of income and wealth.

Module 2: Macroeconomics
You will gain a good knowledge of developments in the UK economy and government policies over the past fifteen years. You will study developments in the world economy, including the European Union, and how these have affected the UK. You should be
prepared to propose, analyse and evaluate possible solutions to macroeconomic problems such as high unemployment, high inflation or a Balance of Payments deficit. You will be required to assess the impact and effectiveness of current government
policies to deal with these problems, as well as considering alternative policies and approaches.

Entry requirements

GCSE 5 grades 9-4 including GCSE English at grade 5 and GCSE Mathematics at grade 6. You must also study A Level Mathematics in combination with this subject.

Assessment

Linear A-Level: Three 2 hour exams in the summer of Year 13. A mixture of multiple choice, data response and essay questions.

Future opportunities

Economists are employed in a range of posts which may, or may not, be related to the discipline they studied. Obviously there is teaching economics and working as an economist either in the public sector or for a leading company but economists also work
in manufacturing, transport, communications, banking, insurance, investment and retailing
industries, as well as in government agencies, consulting and charitable organisations.

How to apply

If you want to apply for this course, you will need to contact Finham Park School directly.

Last updated date: 17 November 2017
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