Economics

Students will need to demonstrate an ability to study at least 3 A-level subjects by achieving an average of 38 points over 8 GCSEs with a Grade 4 at least in English and Mathematics. Students should gain a Grade 6 or above in subjects they wish to study at A Level. Points are worked out on the bases that a Grade 9 = 9 points, Grade 8 = 8 points etc.

Please check for subject specific requirements.

Please note, our preferred method of application is via https://wymondhamhigh.applicaa.com/year12

Economics is rarely out of the news, in fact it very often is the news. Studying the subject at ‘A’ level will help you develop an understanding of current economic issues and problems as well as the institutions that affect our everyday lives. You will look at economic concepts and theories in a range of contexts and appreciate their value and limitations in explaining real world phenomena like market forces, inflation, unemployment and the role of the government. The course will also explore international, social and environmental issues.
The broad scope and relevance of the subject makes it useful preparation for almost any degree course that contains an economic, financial or business component or module. Students studying ‘A’ level Economics have gone on to work in a wide variety of occupations relating to finance and business.

If you would like to develop an enquiring, critical and thoughtful
‘economist’s mind’ and prepare yourself with the skills, qualities and
attitudes which will equip you for the challenges of a modern working
life, this could be the course for you.

"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today."
- Lawrence J. Peter
"Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair."
- Sam Ewing
CONTENT & ASSESSMENT

Paper One: Markets and Market Failure
Data response and an essay
The economic problem and economic methodology. Individual
economic decision making. Price determination in a competitive
market. Production, costs and revenue. Perfect competition, imperfectly
competitive markets and monopoly. The labour market. The distribution
of income and wealth: poverty and inequality. The market mechanism,
market failure and government intervention in markets.

Paper Two: The National and International Economy
Data response and an essay
The measurement of macroeconomic performance. How the
macroeconomy works: the circular flow of income, aggregate demand/
aggregate supply analysis and related concepts Economic performance.
Financial markets and monetary policy. Fiscal policy and supply-side
policies. The international economy.

Paper Three: Economic Principles and Issues.
Multiple Choice Questions across the whole syllabus and case study questions.
A-level is assessed through three two hour written papers.

Wymondham High prefers students taking this course to have a genuine interest in the world of business, with a GCSE minimum grade 4 in English and minimum grade 6 in Mathematics.

The broad scope and relevance of the subject
makes it useful preparation for almost any degree
course that contains an economic, financial
or business component or module. Students
studying A-level Economics have gone on to work
in a wide variety of occupations relating to finance
and business.