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Economics A Level at Amersham School

Course description

Many of the most important issues facing society today are economic in nature. This course will stimulate your interest in how economies work - at the individual, national and global levels.

You will study the problem of managing the world's scarce resources to meet the needs of growing populations. What are the roles of consumers and businesses? How can governments act to improve the workings of an economy? In the case of the UK economy, you will examine the performance of the economy in terms of inflation, employment and unemployment, the balance of payments and economic growth. Why are these factors important and what can governments use to influence outcomes?

Economics is a science and so it is important that you are a student who enjoys problem-solving as well as constructing and deconstructing theoretical models and mathematical diagrams. You will be involved in political and economic discussions, where you will be debating and critically questioning ideas, analysing problems and evaluating solutions. You will also be required to write reports and essays, solve data-response questions, create and deliver presentations and undertake research on economic issues.

Course content

Theme 1: Introduction to Markets and Market Failure
Students study microeconomic concepts, including:
- The nature of economics
- How markets work
- Market failure
- Government intervention

Theme 2: The UK Economy – Performance and Policies
Students study macroeconomic concepts, including:
- Measures of economic performance
- Aggregate demand and supply
- How the macroeconomy works
- Economic growth
- Macroeconomic objectives and policy

Theme 3: Individuals, Firms, Markets and Market Failure
- Individual economic decision making
- Revenues, costs and profits
- Perfect competition
- Labour market
- Government intervention

Theme 4: The National and International Economy
- International economics
- Poverty and inequality
- Fiscal and supply-side policies
- Financial markets and monetary policy

Entry requirements

8 GCSE Grades A*- C Grade 8 Maths and English


Paper 1: Markets and Market Failure (Themes 1 and 3)
Exam 2 hours
Written paper: short and long answer questions, data response and an essay question.

Paper 2: National and International Economy (Themes 2 and 4)
Exam 2 hours
Written paper: short and long answer questions, data response and essay question

Paper 3: Economic Principles and Issues (Synoptic)
Exam 2 hours
Written paper: multiple choice, case study questions. All papers are equally weighted.

Future opportunities

Economics is an excellent choice to prepare you for Higher Education, to study Economics and related subjects. Economics graduates enjoy good employment prospects in the global economy. Careers could include: economist, stockbroker, data analyst, chartered accountant, investment analyst, forensic accountant.

How to apply

If you want to apply for this course, you will need to contact Amersham School directly.

Last updated date: 22 August 2017
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