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Economics A Level at London Academy of Excellence

Course description

As consumers we want lots of goods and services, but there aren’t enough resources
for everyone to have everything they want. So what goods should wemake, how
should wemake them and to whom should we give them? This is the central
economic problem that economists want to solve. In Economics you have to form
opinions and think about how to address some of the fundamental changes our
societies face.

Course content

Microeconomics is the study of individuals and
firms. You will learn how theymake decisions
about what tomake, what to buy, and at
what price.Why does itmake sense for train
companies to have really high peak time
prices?Who should pay for the damage that
pollution causes? Should cleaners earn the
same amount as doctors, and if not, why not?
 
Inmacroeconomics you will look at the bigger
picture. You will study what is happening
behind the news headlines in the economy
as a whole. You will probably have heard
words like recession, austerity and inflation, but
what do these wordsmean and why are they
important? Should governments aim tomake
their countries richer, or aim tomake their
people happier? How do we tackle
deep rooted poverty and the problem
of unemployment?
 
Throughout the course you will notice links with
other subjects: with Science through data
analysis, and withMaths when we consider
graphs and basic equations. Economics can
be verymathematical, but an ability to explain
and analyse in excellent written English is near
essential. Amathematical way of thinking
helps when we use and interpret graphs
and it is therefore important that you feel
comfortable with that.
 
There are philosophical and ethical
elements to the course: when you learn
about economic growth you debate whether
happiness ismore important than wealth.
You will often develop and draw on wider
knowledge; for example when considering
changes in food prices you will need to think
about climate change, population growth
and technical advances to understand the
whole story.
 

 

Entry requirements

Watching the news and current affairs
programmes is a great place to start. Read
broadsheet newspapers andmagazines
like The Economist. Practice coming up with
and explaining your own opinion. This is a
fundamental skill in Economics.

Assessment

There are two AS and two A2 exams which
you will sit in the summer. In the exams
there are amixture of shorter questions
and essay questions. There is no coursework
in Economics.

How to apply

If you want to apply for this course, you will need to contact London Academy of Excellence directly.

Last updated date: 09 July 2015

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