Economics A Level

A LEVEL AND LEVEL 3 QUALIFICATIONS

To gain a place in the Sixth Form, all students must achieve Grade 4 or higher in either English Language or Literature, and Mathematics, plus at least three additional GCSEs (or Level 2 equivalent qualifications) at Grade 5 or above.

In addition to the general entry requirements above, some subjects also have additional entry requirements.

All students are to choose 3 subjects from 3 different blocks. Further Mathematics may be taken as a fourth choice.

LEVEL 2 HAIRDRESSING

Subject has individual entry requirements.

Students can only apply for either Level 3 courses or Hairdressing.

ECONOMICS

This course provides the opportunity for students to explore the world and how its resources are managed. The students develop skills in investigation, problem solving, creativity, analysis and evaluation whilst learning how countries, governments and businesses operate.

Students are encouraged to explore the world around them taking an interest in current affairs including politics and economic policy.

Typical topics studied include Supply & Demand, Globalisation, Exchange Rates, Elasticity, Market Structures, Market Failure, Macro Economic Objectives, EU, National Minimum Wage, Trade Unions, Economic Policy.

There are three two hour exams at A2 each worth 33% of the qualification.

Exams:

Component 1 - Economic decision making, Price determination, production costs and revenue, Competitive markets and monopolies, the Labour market and distribution of income

Data response

1 Written exam:2 hours

80 marks

33.3% of A-Level

Data response question worth 40 marks

Essay question 40 marks

Component 2 - Circular flow of income, Economic Performance, Financial markets and monetary policy, Fiscal policy and the International economy

Data response

1 Written exam:2 hours

80 marks

33.3% of A-Level

Data response question worth 40 marks

Essay question 40 marks

Component 3 - All content

1 Written exam: 2 hours

80 marks

33.3% of A-Level

Multiple choice questions worth 30 marks

Case study and question worth 50 marks

Future Applications

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.