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Economics AS/A2 Level at ARK Globe Academy

Course description

Economics affects everything around us, and will help you find the answers to many ‘real world’ questions.

Why do pop stars get paid so much more than nurses?

Why can Beyoncé raise ticket prices and still fill Wembley Stadium?

What is “the budget” and why does the government want to make the economy grow?

Why does the government still let firms pollute the environment, but makes them pay for it?

Why can’t farmers in the third world sell their own crops because of cheaper EU products dumped into their economies?

Why are some countries richer than others?

Course content

Year One (AS)

• Markets in action

• The national and international economy

The first unit will give you a basic toolkit for economics so you can understand why we need markets, how they work and how prices are determined. Then you will look at what happens when markets go wrong and whether government taxes, regulations and subsidies really are the best way to solve economic problems.

In the second unit you will develop understanding of key concepts such as economic growth and inflation as measures of the UK’s economic performance. You will also examine how competitive the UK is globally, and how our economy compares with our European neighbours.

Year Two (A2)

• Advanced microeconomics

• The global economy

For A2 you will develop your knowledge, understanding and skills to allow you to analyse markets and market failure in more detail. You will also find out about the wider global economic context, and study the economics of the European Union in particular detail.

Entry requirements

B at GCSE in English Language and Mathematics.

Assessment

100% examination (two examinations in Year 12 and two examinations in Year 13).

Future opportunities

Economics is a well-respected A level subject that will help prepare you for a range of courses at good universities. It is especially useful for those planning to progress to careers in business, finance or the civil service.

How to apply

If you want to apply for this course, you will need to contact ARK Globe Academy directly.

Last updated date: 01 May 2015

Key information

  • Start date: Next September
  • Duration: 1 - 2 Years

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