Economics A Level at The Knights Templar School
Economics deals with how the World earns and spends its wealth, and anybody who wants to understand how modern societies work, or, indeed, sometimes fail, should find the subject of great interest.
Those who have studied History, Geography or Business Studies at GCSE will already have a good idea of how much Economics can affect us all. Students taking these subjects at A Level will find Economics A-Level illuminates and supports their understanding. Linguists will also find it directly helpful in giving them ideas on the EU and on other political and business issues in Europe.
Here are a few of the topic areas covered:
In Microeconomics (Paper 1 at both AS and A Level):
- How supply and demand operate in free markets
- Why free markets may not always operate well
- Theories about what drives the economic behaviour of individuals and firms
- What determines wages and the problem of poverty?
In Macroeconomics, (Paper 2 at both AS and A level):
- Inflation and how the Bank of England tries to control it through interest rates and other ways
- The causes of booms and slumps and what governments can try to do to limit the damage they can cause
- How banks and building societies work or fail
- International trade and why it can be controversial enough to cause demonstrations and riots
- The changes in the international economy including how poorer countries can raise their living standards and the rise of China as an economic force
- The environment and how best to protect it
- The ideas behind the EU and the single currency
The focus is on seeing how economic theory applies to the real world and can affect the lives of us all and it is important for all students of this subject to have a real interest in the news, politics and in current affairs so that they can see how the sometimes rather abstract theories of Economics work out in practice.
This would be a valuable qualification for those going on to any of the wide variety of Business or Economics related degrees or HNDs that are available. It is also an academic qualification in its own right which will support applicants wishing to study in any subject area. Students may also find it a valuable addition to their CV if their career, at some stage, becomes involved with business of any kind – which could well be the case for most of them.
Those wishing to pursue Economics at a higher level would also find A-Level Mathematics highly advantageous. Well qualified economists are highly sought after by Industry, the City and the Civil Service. In addition, Economics is often an important part of many qualifications from professional bodies.
It is not necessary to have taken GCSE Economics as the course assumes no prior knowledge, although for those who have taken it we ask for a Grade B, and for them, of course, the workload will be considerably lighter in the early stages. Otherwise we expect good overall grades, with B’s in Mathematics, (as calculations will be required), and in English.
How to apply
If you want to apply for this course, you will need to contact The Knights Templar School directly.