Economics A Level at Eaton Bank Academy
“Economic ideas are more powerful than is commonly understood..... Indeed the world is ruled by little else” - John Maynard Keynes
The above quote was written well over half a century ago. Yet, often these days you see programmes on television or get involved in or overhear conversations on economic ideas. Prices, wages, interest rates, profits, recession, inflation, exchange rates, to name but a few are at the forefront of many conversation, particularly in light of current and recent global economic events, such as ‘Brexit’, the election of Donald Trump as U.S. President and the continuing rise of China. Studying economics will enable you to better understand these ‘ideas’ and issues and how they all interact to form what we call ‘the economy’. Furthermore as an economist, you will be aiming to develop a critical understanding of government economic policies.
In Year 12 students study two parts that investigate micro and macroeconomics. Microeconomics addresses issues such as “Why are house prices so high?”, “Can pollution effectively be controlled?” and “Should governments intervene in markets?” The macroeconomic issues covered include “Why does the government have
an inflation rate target and how does it affect us?”, “What happens to the economy if consumers decide to spend more or spend less?” and “How are we affected by the growth of other economies around the world such as China and India?”
In Year 13, students develop and deepen their understanding of the micro and macroeconomics already learnt in Year 12, considering economic concepts and theories in greater depth and recognising the values and limitations of economic models. In both Years 12 and 13, students explore two contemporary and relevant contexts: the international context, which includes the impact of globalisation on UK economic performance and our own UK national context, focusing on economic events and economic policy here in the UK.
It is not necessary to have a GCSE in this subject to be able to take this course at A-Level. During the course you will have an opportunity to discuss issues such as should the government continue to be the main provider of health care? Would Britain benefit from leaving the European Union? Should there be a new tax on foods high in fat or sugar? What are the economic costs and benefits of migration into and out of the UK? Why is there an uneven distribution of income in the UK?
Economics graduates are employed in a range of posts which may, or may not be directly related to the subject. They work in manufacturing, transport, communications, banking, insurance, investment, medicine, engineering, media and retailing industries, as well as in government agencies, consulting and charitable organisations. A wide variety of professional bodies in all sectors of employment will consider Economics an excellent preparation for their professional examinations e.g. Banking or Accountancy. In short, it opens many doors!
How to apply
If you want to apply for this course, you will need to contact Eaton Bank Academy directly.
Last updated date: 18 April 2018