Economics A Level at The Grey Coat Hospital
Understanding Business and Economics will help you to make informed decisions when facing important life choices, whether you’re choosing a career or a political party to vote for. Both subjects are popular with our students; Business is studied at Key Stage 4 and Economics is studied at A-level.
The course consists of 4 themes and is assessed by 3 papers, all 2 hours long.
Paper 1 will assess microeconomics and questions will be drawn from Themes 1 and 3.
Paper 2 will assess macroeconomics and questions will be drawn from Themes 2 and 4.
Paper 3 will assess content across all four themes.Theme 1 - Introduction to markets and market failure
This theme focuses on microeconomic concepts. Students will develop an understanding of:
● the nature of economics
● how markets work
● market failure
● government intervention.Theme 2: The UK economy – performance and policies
This theme focuses on macroeconomic concepts. Students will develop an understanding of:
● measures of economic performance
● aggregate demand
● aggregate supply
● national income
● economic growth
● macroeconomic objectives and policy.Theme 3: Business behaviour and the labour market
This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics.
Students will develop an understanding of:
● business growth
● business objectives
● revenues, costs and profits
● market structures
● labour market
● government intervention.Theme 4: A global perspective
This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global
context. Students will develop an understanding of:
● international economics
● poverty and inequality
● emerging and developing economies
● the financial sector
● role of the state in the macroeconomy.
To study in the Sixth Form, students need to attain five GCSE grades at A*-C, including English and Mathematics.
How to apply
If you want to apply for this course, you will need to contact The Grey Coat Hospital directly.