Accessibility links

Economics A Level at Ralph Allen School

Course description

Individuals, firms, markets and market failure
 
• Economic methodology and the economic problem
• Individual economic decision making
• Price determination in a competitive market
• Production, costs and revenue
• Perfect completion, imperfectly competitive markets and monopoly
• The labour market
• The distribution of income and wealth: poverty and inequality
• The market mechanism, market failure and government
intervention in markets

The national and international economy
• The measurement of macroeconomic performance
• How the macro economy works: the circular flow of income,
AD/AS analysis, and related concepts
• Economic performance
• Financial markets and monetary policy
• Fiscal policy and supply-side policy
• The international economy

There are three, 2 hour papers at the end of the course.

Paper 1: Markets and market failure (33%)
Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks.
Section B: essay questions requiring written answers, choice of one from three worth 40 marks.
Paper 2: National & international economy (33%)
Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks

Section B: essay questions requiring written answers, choice of one from three worth 40 marks.

Paper 3: Economic principles and issues (33%)

Section A: multiple choice questions worth 30 marks

Section B: case study questions requiring written answers, worth 50 marks.

Entry requirements

Grade 6 in English language (or Grade 6 in English literature) and Grade 6 in Mathematics.

Future opportunities

Economics attempts to understand human behaviour. It focuses on choice; how we use our resources; how the government can maximise the performance of the economy. Economics builds up layers of understanding from the individual household and
firm, to the market and national economy, eventually looking at the impact of the global economy and its future.
 
If you are interested in understanding some of the main issues driving the world, then economics will provide a useful source of insight. To be economically literate is important even if you are not planning to become an economist.

How to apply

If you want to apply for this course, you will need to contact Ralph Allen School directly.

Last updated date: 30 January 2018

Key information

Venues