Economics A Level at Sir Henry Floyd Grammar School
With changing prospects in the jobs market, new global development goals, an ageing population to look after and the government looking for ways to cut its expenditure, economics is rarely out of the news.
In addition to introducing you to analytical thinking about topical issues, economics offers you the benefit of being highly regarded by employers and universities. The department’s record in terms of grades achieved is extremely good. Many students who take up the course in Year 12 go on to study economics, or a related subject, at university.
Competitions, such as the ifs Student Investor Portfolio Challenge, and the Bank of England’s Target 2.0 Interest Rate Challenge are used to deepen your knowledge and understanding. Specialist economics magazines are available to subscribe to if you choose, and there are a range of digital resources to assist too.
A student wishing to study economics should have at least a grade 5 in GCSE mathematics and at least grade 5 in GCSE English. There is no pre-requisite to have studied economics at GCSE.
A linear A Level in economics was introduced in September 2015. It comprises 3 units which are all examined at the end of Year 13. Each of the units is worth a third of the total marks for the qualification, and each examination will last for 2 hours. The
3 units are as follows:
Component 1: microeconomics – this looks at how individuals make decisions, applied to the world in which we live. It covers the topics of: scarcity and choice; how competitive markets work; competition and power; labour markets; and market failure and government intervention
Component 2: macroeconomics – this looks at issues that affect economies as a whole, applied to the world in which we live. It covers the topics of: macroeconomic policy objectives and performance; aggregate demand and aggregate supply; the application of policies; the global context; and the financial sector
Component 3: themes in economics - this final unit draws on all the content of components 1 and 2, asking candidates to apply the theories that have been learnt to unseen real world scenarios
Economics students may like to consider the following courses among others: economics, econometrics, economic history, accountancy, business and management, finance, politics, international relations or global sustainability. Many European universities teach
economics courses in English.
International companies, banks, governments and humanitarian organisations are large employers of economics graduates.
How to apply
If you want to apply for this course, you will need to contact Sir Henry Floyd Grammar School directly.