Economics A - A Level at Sir John Lawes School
Economics is a popular university subject of study, either as the main subject or as part of many courses. Economics seeks to answer the questions :
WHAT GETS PRODUCED
HOW IT GETS PRODUCED
WHO GETS WHAT
It is a highly regarded A Level requiring strong analytical skills and enthusiasm for a debate. Many of the top 200 UK companies employ Economists to help formulate business strategy. Successful Economics graduates are, in general, highly paid and have careers in Business, Banking, The City, Law, Insurance and Risk Analysis.
The aim is for the students to develop an interest in, and enthusiasm for, the subject. In addition to appreciate the contribution of economics to the understanding of the wider economic and social environment:
- To develop an understanding of a range of concepts and an ability to use those concepts in a variety of different contexts.
- To use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist.
- To understand that economic behaviour can be studied from a range of perspectives.
- To develop analytical and quantitative skills, together with qualities and attitudes that will equip them for the challenges, opportunities and responsibilities of adult and working life.
At A Level in Economics the qualification is structured into four themes and consists of three externally examined papers.
Students develop knowledge and understanding of core economic models and concepts in the two themes. Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the assessment and demonstrate an awareness of current economic events and policies.
Theme 1: Introduction to markets and market failure
This theme focuses on microeconomic concepts. Students will develop an understanding of:
- 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 and state in the macroeconomy
To take this course students must have obtained at least a grade 6 or higher in GCSE Mathematics and English as well as an APS of 4.5 or above.
Paper 1 - Markets and business behaviour, questions drawn from Theme 1 and Theme 3
Paper 2 - The national and global economy, questions drawn from Theme 2 and Theme 4
Paper 3 - Microeconomics and macroeconomics, questions drawn from all themes
As Economics is a Social Science it complements and adds to other subjects such as Business, Politics and Philosophy
How to apply
If you want to apply for this course, you will need to contact Sir John Lawes School directly.