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Economics A Level at The Axe Valley Community College

Course description

At AS level, students will develop a knowledge and understanding of how the business world operates at a national level. An interest in politics, in the broadest sense, is important. It is also important you possess an aptitude for Mathematics, as you will be required to interpret data and produce assumptions. Some universities will look for the combination of Mathematics A level and Economics A level before allowing you to study for an Economics Honours degree. At A2, students will develop a knowledge and understanding of how the business world operates at a global level.

Course content

Markets and market failure, will cover: how the price mechanism allocates resources in markets; the nature of market failure, supply and demand analysis to real world situations; pricing of and nature of competition, and; appraisal of government intervention in correcting market failure. National and international economy will cover objectives and instruments of economic policy criteria for success; basic Aggregate Demand/Aggregate Supply model, and appropriate ways of managing an economy; analysis and evaluation of economic models to assess government policies, and; an awareness of trends and developments in the global economy over the last 10 years. Economic principles and issues will cover: topics from both sections of the specification and students, particularly when answering questions linked to the case study, will be expected to recognise when it is appropriate to use microeconomic and/or macroeconomic models.

Entry requirements

The normal A* to C pass rate to study advanced Level 3 courses.


Economics is an exam subject and will be assessed in June. There is no coursework.

Future opportunities

An Economics degree is highly regarded. Economics AS/A2 is designed to encourage students to: develop and sustain their enjoyment of, and interest in, Economics; develop knowledge and understanding of global issues; develop the techniques of logical thinking and the skills necessary to analyse and solve problems by applying legal rules; develop the ability to communicate arguments and conclusions with reference to appropriate economic theories and concepts, and; develop a critical awareness of the changing nature of Economics in society. The “Credit Crunch” has had an impact throughout the world. Economics will give you a significant insight into how the problem was created and the different approaches the Government throughout the world could have adopted. Thus Economics will help you understand the world around you!

How to apply

If you want to apply for this course, you will need to contact The Axe Valley Community College directly.

Last updated date: 02 September 2016

Key information

  • Start date: Next September
  • Duration: 2 Years