Economics A Level at Beal High School
DETAILS OF THE COURSE – WHAT YOU WILL LEARN
The operation of markets and market failure
Economic methodology and the economic problem
Price determination in a competitive market
Production, costs and revenue
Competitive and concentrated markets
The market mechanism, market failure and government intervention in markets
The distribution of income and wealth: poverty and inequality
The national economy in a global context
The measurement of macroeconomic performance
How the macroeconomy works : the circular flow of income, AD/AS analysis, and related
Financial markets and monetary policy
Fiscal policy and supply-side policies
The international economy
Many Beal Economics students go on to university to study Economics in one form or another or a related degree like Business and Finance. Of course, a good A Level Economics grade counts towards other degree courses.
Previous Economics knowledge is not essential, but it if you don’t have a genuine interest in the world of business and Economics the subject may not be for you. You should be aware of current affairs and be prepared to read the Business and Economics sections of newspapers. You will enjoy Economics if you’re interested in the value of the Pound, the rate of interest charged by banks and government policy on jobs, the environment and poverty. You’ll have to write long essays and formulate and evaluate arguments, reaching informed conclusions.
How to apply
If you want to apply for this course, you will need to contact Beal High School directly.