Economics A Level at Upton Court Grammar School
Economics involves the study of how and why our country and society functions in the way it does. You will study everything from consumers to competition, governments to globalisation; development to debt; trading to taxation. The best way to prepare for this subject is to take an interest in what is going on in the world around you – everything from global trading to the stock markets; multi - national companies to small businesses. If you want to begin to ‘think’ like an economist, you should read a book like The Undercover Economist or the Logic of Life by Tim Harford, Freakonomics by Dubner and Levitt or Choice and Consequence by Schelling. But the key to studying Economics is to take an interest in what is going on around you. It is a social science and as such, tries to investigate theories and reasons for human decision making in our society and attempts to explain how and why we (individuals, firms and governments) behave the way we do!
The A Level in Economics (A) course is structured into four themes and consists of three externally examined papers. Students build knowledge and understanding of core economic models and concepts in Themes 1 (Introduction to Markets and Market Failure) and 2 (The UK Economy), and then build on this and apply their knowledge to more complex concepts and models in Themes 3 and 4 and analyse, evaluate and propose possible solutions In year 12 you will develop your understanding of the nature of economics, how markets work, market failure and government intervention. The macroeconomics aspects focus on measures of economic performance, aggregate demand, aggregate supply, national income, economic growth, macroeconomic objectives and policy. In year 13, you will build on your knowledge of business behaviour and the labour market. This focuses on microeconomic aspects which include business growth, business objectives, revenue, costs and profits, market structures, labour market and government intervention. The global perspective in Theme 4 focuses on the macroeconomic as pects which prepares you to understand international economics, poverty and inequality, emerging and developing economies, the financial sector and the role of the state in the macro economy.
We follow the Edexcel specification. The A Level examination has three written examinations.
Paper 1 will assess Markets and Business Behaviour. Questions will be drawn from Themes 1 and 3.
Paper 2 will assess The National and Global Economy. Questions will be drawn from Theme 2 and Theme 4 content.
Paper 3 will assess content across all four themes focusing on Macroeconomics and Microeconomics,. There is no coursework, though regular reading and viewing of quality news sources is highly beneficial and is strongly encouraged.
How to apply
If you want to apply for this course, you will need to contact Upton Court Grammar School directly.