A Level Economics at Royal Latin School
Economics at A-Level is a linear course that offers students the opportunity to apply economic theories and concepts to the real economy. It suits those who have an interest in current affairs and it complements a wide range of related subjects. It develops the ability to analyse and evaluate contemporary issues. It is valuable for those thinking of degrees and careers in economics, business, management, accountancy, banking and other areas of the financial services industry.
Section 4.1 is called Individuals, Firms, Markets and Market Failure. Students will be required to acquire knowledge and understanding of a selection of microeconomic models and to apply these to current problems and issues. The way different markets work or not work is explored. For example some goods such as education and health care would be underprovided by the market and other goods such as national defence would not be provided at all. The government intervenes to correct these failures and you will examine how effective they are at this.
Section 4.2 is called The National and International Economy and is primarily about macroeconomics. It will involve studying how the economic performance of countries is measured and the policies used to improve their performance. Inflation, unemployment, economic growth and the balance of payment will be the main areas of study and by the end of the section you will be able to assess how successful a government is managing the economy.
It is expected that students will acquire a good knowledge of trends and developments in the economy which have taken place over the past 15 years.
We will require at least a B in English and Maths. You will need to be keen to study current affairs with an economic dimension.
Assessment is by three, two hour written exams. The first paper will examine topics that are outlined in Section 4.1 of the specification, but economic principles included in Section 4.2 of the specification may also enrich a student’s response to some questions. The second paper will examine mainly the topics that are outlined in Section 4.2 of the specification, but may draw on economic principles from Section 4.1. The third paper is called Economic Principles and Issues and will include topics from both sections of the specification and students, will be expected to recognise when it is appropriate to use microeconomic and / or macroeconomic models.
Both specifications will assess students quantitative skills applied in the context of economics. This will include an understanding and application of index numbers, ratios, fractions, percentages, revenue and profit.
How to apply
If you want to apply for this course, you will need to contact Royal Latin School directly.