A Level Economics at Lady Margaret School
The AS course ensures students gain an appreciation of the allocation of recourse, the market model and selected aspects of what makes markets efficient or sees them fail. The AS courses introduces students to both micro-economics and macro-economics, learning
how macro economics activity is determined while investigating key national and internal economic indicators, policies and problems.
The A2 course builds on the foundation from AS Economics, focusing on the economic concepts learnt to a variety of transport contexts. The transport industry is ideal for economic study as it allows student to consider in terms of models of market structure. The A2 study provides the conceptual framework for the understanding, analysis and evaluation of macroeconomic performance in national, regional and global contexts. The key topics are economic performance indicators and policies, trade and integration, development and sustainability and the economics of globalisation.
The Economics course provides students with key skills, with many employers valuing economics students’ understanding of decision-making, their research and analytical skills, and their experience of viewing problems in their national and international context.
The course is suitable for students who have an interest in learning how businesses and the government create benefits and economic wealth, and conversely how they may create costs which society has to pay, such as the associated costs with pollution or new house building projects. You must enjoy assessing and presenting the merits of alternative courses of action. The student will learn how to analyse data and economic models in order to suggest solutions to real world problems or forecast future trends. You must be willing to read the financial press. Mathematics GCSE at grade B is required.
This qualification is assessed entirely through written papers that are externally assessed.
Markets in Action (F581) is mandatory and is 50% of AS or 25% of A Level and is a 1 hour 30 minute exam. The national and international Economy (F582) is mandatory and is 50% of AS or 25% of A Level and is 1 hour 30 minute exam.
Transport Economics (F584) is 25% of the A Level and is a 2 hour exam. For this unit Section A is a compulsory data response question and section B is a choice of one out of three structured essay questions. The Global Economy (F585) is mandatory and is 25% of the A Level and is a 2 hour exam. Students receive pre-issued stimulus material issues six to eight weeks before the exam.
Most Universities will want a combination of GCSE Maths and GCSE Economics before allowing you to study for an Economics Honours Degree. You may progress onto a straight Economics degree with a focus on theory or an applied Economics course such as Environmental Economics, Labour Economics or Public Sector Economics. It can be easily combined with other subjects.
Post University employment rates for Economists are among the highest of all graduates. An Economics degree enables you to gain transferable skills in problem solving, quantitative analysis and communications. You are likely to find employment in Finance, Banking, Insurance, Accountancy, Management and Consultancy. Some may become Professional Economists.
How to apply
If you want to apply for this course, you will need to contact Lady Margaret School directly.