Economics AS/A2 Level at Belfairs Academy
The qualification aims to enable students to:
• develop an interest in and enthusiasm for the subject
• appreciate the contribution of economics to the understanding of the wider economic & social environment
• develop an understanding of a range of concepts and an ability to use those concepts in a variety of different contexts
• use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist
The course gives an introduction to the world of economics, with modules on microeconomics and macroeconomics. One can expect to explore the notion of a market, studying topics such as demand and supply, elasticity and market failure. In macroeconomics there is an opportunity to study economic growth, inflation, unemployment, balance of payments, exchange rates, fiscal policy, monetary policy and supply side policy. Microeconomics covers mainly business economics and the distribution of income including market structures (monopoly, oligopoly and perfect completion), economic efficiency and the labour market.
The course is divided into 4 themes:
Theme 1: Introduction to markets and market failure
Theme 2: The UK economy – performance & policies
Theme 3: Business behaviour & the labour market
Theme 4: A global perspective
Maths grade B and English grade B.
Paper 1: Markets & business behaviour – 35% of the A Level – 2hrs duration – 100 marks
Paper 2: The national & global economy – 35% of the A Level – 2hrs duration – 100 marks
Paper 3: Microeconomics & macroeconomics - 30% of the A Level – 2hrs duration – 100 marks
Economics is well regarded by universities as a rigorous A level, because of the analytical skills that it teaches. Possible career choices include accountancy, stockbroker, banker and online financial and business-related careers; however most require a higher level of education. Your A-level economics can lead you to degrees in economics, business studies, social sciences and engineering.
How to apply
If you want to apply for this course, you will need to contact Belfairs Academy directly.