Economics AS/A2 Level at King Edward VI Grammar School
AS Level - Edexcel 6EC01
A2 Level - Edexcel 9121
What is the course about?
Studying Economics will enable you to:
- understand current economic issues, problems and institutions;
- apply economic concepts and theories to explain real world situations;
- analyse, explain and evaluate the market economy and the role of the government.
Theme 1 Introduction to Markets and Market Failure This unit provides an introduction to the nature of economics and examines the operation of markets for goods and services. It analyses the nature of market failure, its causes and possible remedies. We will deal with issues such as “what determines the price of a good”, “whether there should be a congestion charge”, and “whether tax can help to control smoking”. At the end of this unit, you should be able to understand the price mechanism as a means of allocating resources, and be able to apply supply and demand analysis to real world situations.
Theme 2 The UK Economy – Performance and Policies This unit introduces key measures of economic performance, and the main objectives and instruments of economic policy. We look at issues such as inflation and interest rates, the effects of the changes in value of the pound, and whether the government is overspending.
Where can it lead?
Economics can be combined with any other subject and can lead to a wide range of careers – in industry, commerce and the public sector. It also enables students to develop important skills. In particular you will learn valuable problem-solving skills - to think logically, to reason your way to the best solution and to deal with issues in a wide context.
How to apply
If you want to apply for this course, you will need to contact King Edward VI Grammar School directly.