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Economics A Level at Trinity Catholic High School

Course description

This particular A Level prepares students to take an interest in current economic issues, national and international economic news. Economics asks students to analyse information effectively and be able to suggest solutions to real problems affecting businesses, the economy and individuals. For those students who want to gain a background in economics to enable a future management position in any organisation this course is excellent.

AIMS:
- Develop an interest and enthusiasm for economics and its contribution to the wider political and social environment.
- Develop an understanding of a range of concepts and acquire an ability to use these concepts in a variety of different contexts.
- Develop an enquiring, critical and thoughtful 'economist's mind'.
- Practice skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life.
- Develop an understanding of current economic issues, problems and institutions that affect everyday life.
- Apply economic concepts and theories in a range of contexts and appreciate their value and limitations in explaining real world phenomena.
- Analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it.

Course content

Individuals, firms, markets and market failure:

1 Economic methodology and the economic problem
2 Individual economic decision making
3 Price determination in a competitive market
4 Production, costs and revenue
5 Perfect competition, imperfectly competitive markets and monopoly
6 The labour market
7 The distribution of income and wealth: poverty and inequality
8 The market mechanism, market failure and government intervention in markets

The national and international economy;

9 The measurement of macroeconomic performance
10 How the macro-economy works: the circular flow of income, AD/AS analysis, and related concepts
11 Economic performance
12 Financial markets and monetary policy
13 Fiscal policy and supply-side policies
14 The international economy

Entry requirements

6 GCSE A*- C including a level 6 in Maths and English Language at level 5. If GCSE Economics/Business Studies is being taken, a minimum grade A must be achieved.

Assessment

Paper 1 – Markets and market failure
33.3% of A Level
2 hour examination
Section A: Two optional data response questions are set; candidates must answer one. (40 marks)
Section B: Three optional essay questions are set; candidates must answer one. (40 marks)

Paper 2 – National and international economy
33.3% of A Level
2 hour examination
Section A: Two optional data response questions are set; candidates answer one. (40 marks) One question will always relate to the global context and the other to the European Union context.
Section B: Three optional essay questions are set; candidates answer one (40 marks)

Paper 3 – Economic principles and issues
33.3% of A Level
2 hour examination
Section A: Multiple choice questions. (30 marks)
Section B: Case study questions requiring written answers. (50 marks)

Future opportunities

This qualification could also enable you to progress on to a straight economics degree, with a focus on theory or a degree in applied economics such as environmental economics, labour economics, public sector economics or monetary economics. Alternatively, you may study a business economics or mathematical economics degree, or study economics with other subjects, e.g. politics, philosophy or history, as a combined degree. Some universities require A Level Mathematics whilst others only ask for a good GCSE grade in Mathematics. Post-university employment rates of economists are among the highest for graduates. Economics can lead into many career areas. Surprisingly, relatively few Economists will begin a career as a professional economist. The jobs they get are many and varied, although with an emphasis on the finance sector (including banking, accountancy, tax advice, actuarial work, insurance and trading.) Other roles that Economics students regularly go into include management, sales, advertising, human resources, IT and education.

How to apply

If you want to apply for this course, you will need to contact Trinity Catholic High School directly.

Last updated date: 30 March 2017
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