Exam Board & Code : AQA 7136
Course : 2 Years to full A level

What is Economics A level about?

Economic forces have a major influence on the personal and working lives of all of us.  Governments are preoccupied with economic affairs and businesses are affected by the economic environment.  Economics is an applied subject and theory will be taught in the context of developments in the U.K. economy and will include the U.K.'s relationship with Europe and the rest of the world.  You will be introduced to a range of current economic issues.  These include consideration of important questions such as: Should the UK adopt the Euro?  What are the consequences of privatisation?  Why has the Bank of England increased interest rates?  How can government policy help the environment?  What should be done about road congestion and transport?  These and many other vital and interesting questions will be considered during the course. 

Is this course for me?

Economics is a subject which most students choose for the first time.  It is NOT necessary to have studied either Economics or Business Studies at GCSE but you do need to have a good command of English and to be numerate. Specific grade levels are listed in our entry requirements in the Sixth Form section of our website. 

What else do I need to know?

A variety of teaching styles will be used. There will be opportunities for group work and we normally run a trip to the Bank of England in London.
 

What do other students say?

Economics is an excellent way to combine the Arts and the Sciences.  Even if you are not planning to study Economics at University, interviewers are very impressed with the knowledge you gain.
Economics is a good basis for life ahead.  The subject is interesting, which has helped me to understand many of the principles involved in managing the British economy.  I hope to continue with the subject at University.

Where could it lead?

Students can choose to do a degree in Economics.  Economists study trends and solve problems relating to the economy.  Their work can touch on almost any aspect of economic and social policy.  Government bodies, financial institutions and major businesses all rely on economists’ forecasts to help them plan future activities.

How is this course structured?

Unit 1: Markets and market failure

This unit introduces students to micro-economics and the topics include: the economic problem and economic methodology, price determination in a competitive market, production, costs and revenue, competitive and concentrated markets, the market mechanism, market failure and government intervention in markets, individual economic decision making, market structures, the labour market, the distribution of income and wealth, poverty and inequality.

33.3% of A Level - 2 hour exam

Section A: data response questions (choice of one from two contexts)

Section B: essay question (choice of one from three)

Unit 2: The national and international economy

This unit introduces students to macro-economics and the topics include: unemployment, inflation and growth, performance of the U.K. economy, financial markets and monetary policy, fiscal policy and supply-side policies and the international economy.

33.3% of A Level - 2 hour exam

Section A: data response question (choice of one from two contexts)

Section B: essay question (choice of one from three)

Unit 3: Economic principles and issues
This unit is an amalgamation of units 1 and 2.
 33.3% of A Level. 2 hour exam.
Section A: 30 multiple choice questions
Section B: 3 part case study