Economics A Level at Orleans Park
Economics is a subject which most students choose at A Level for the first time. It is not necessary to have studied either Economics or Business Studies at GCSE. You do need to have good essay writing skills, and the new specification places more emphasis on numerical application.
Economic forces have a major influence on the personal and working lives of us all. Governments are preoccupied with economic affairs and businesses are affected by the Economic environment. Economics is an applied subject and theory will be taught in the context of developments in the UK economy and will include the UK's relationship with Europe and the rest of the world. Students will be introduced to a range of current economic issues. These include consideration of important questions such as: Should the UK leave the European union? What are the consequences of privatisation? Why does the Bank of England alter interest rates? How can government policy help the environment? Why do the Government provide Education and Health Services? These and many other real life issues will be considered during the course.
A Level Unit 1 - Individuals, Firms, Markets and Market Failure. Topics:
- Economic methodology and the economic problem
- Individual economic decision making
- Price determination in a competitive market
- Production, costs and revenue
- Perfect competition, 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
A Level Unit 2 – The National & International Economy. Topics:
- 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 policies
- The international economy
GCSE Grade 5 in English and Mathematics
A Level Economics is assessed by three exams. There will be an exam for both Unit 1 and Unit 2. They will follow this format:
Written exam: 2 hours - 80 marks - 33.3% of A Level
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
There is then a third exam for Unit 1 and Unit 2 combined. The format for this exam is:
Written exam 2 hours - 80 marks - 33.3% of A Level
Section A: multiple choice questions worth 30 marks
Section B: case study questions requiring written answers worth 50 marks
Students can choose to do a degree in Economics. Economists study trends and solve problems relating to the economy. Their work can touch on almost any aspect of economic and social policy. Government bodies, financial institutions and major businesses all rely on economists’ forecasts to help them plan future activities.
Applications to the Sixth Form for September 2019 open on Monday 1 October 2018 and close on Friday 11 January 2019. Please apply for 3 courses plus a reserve choice.
Entry Requirements for September 2019:
6 GCSEs at Grade 9-4 with at least 3 subjects at Grade 6 (or equivalent Grade B) including English and Mathematics at Grade 4 or higher. Some subjects have specific requirements (as shown on the individual subject page) and we strongly advise that students have at least a GCSE Grade 6 (or equivalent Grade B) in the subjects they will study at A Level.
How to apply
You can apply for this course through UCAS Progress. Add this course to your favourites so you can start making an application.