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Economics A Level at The Latimer Arts College

Course description

  • You will appreciate the contribution of Economics to the understanding of the wider economic and social environment.
  • To develop an understanding of economic theories and concepts through critical consideration of current economic issues.
  • It will help you to develop an enquiring and analytical approach to economic models and use them in a variety of different contexts.
  • To be able to explain, analyse and evaluate the strengths and weaknesses of the market economy and the role of government within it. 

Course content

In the first year you will study two themes:

  • Theme 1: Introduction to markets and market failure. This theme provides an introduction to the nature of economics and examines how the price mechanism allocates resources in markets. It analyses the nature of market failure, its causes and possible policy remedies. At the end of this unit, you should be able to apply demand and supply analysis to real world situations and consider the methods of dealing with market failure.
  • Theme 2: The UK economy – performance and policies. This theme provides an introduction to the key measures of economic performance, the main objectives and instruments of macroeconomic policy. You should be able to use aggregate demand and supply models to analyse the economy.
  • You will be expected to interpret data including tables and graphs, carry out simple calculations, for example, percentages. You will also need to be able to interpret diagrams and construct graphs.


In the second year of the course you will study a further two themes:

  • Theme 3: Business behaviour and the labour market
  • Theme 4: A global perspective

Entry requirements

Minimum of GCSE Maths and English – Grade B


The course is assessed entirely by external examinations. There are three examinations taken at the end of the second year. 

How to apply

If you want to apply for this course, you will need to contact The Latimer Arts College directly.

Last updated date: 26 September 2016

Key information


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    • The Latimer Arts College is a thriving, high performing school and I am privileged to be Principal.  Those in our learning community love contributing to our vibrant and exciting college life, supported by our Arts College ethos. Together we share one key aim: to secureoutstanding achievements for each individual by delivering excellence in all that we do.

      At The Latimer Arts College we place no boundaries on ambition, no limits on aspirations and no barriers in the way of achievement.  We are very proud of our students and to us, every child really does matter: we work tirelessly to make sure that each of our students feels valued, makes progress and achieves personal success so that they can be the best that they can be!

      Siobhan Hearne