A Level Economics

 

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists – Joan Robinson (Economist) 

A Level Economics at Kew House introduces students to key financial issues facing society and its attempts to provide solutions whilst developing an understanding of how economists think and work. 

Students will learn about analytical techniques and methods of evaluation which will teach them the skills, confidence and versatility to excel in most subjects at university and in the ever-changing world of work.

During Year 12, in Macroeconomics, pupils will progress in grasping a broad comprehension and understanding of the economy of the UK in the context of the EU and global economies. In Microeconomics, the focus is on the operation of markets. Whilst also enabling students to delve into the analysis of the strengths and weaknesses of both markets, and state intervention through the topics of government and market failure. These themes are further developed in the second year of the course with more emphasis on the global economy, trade and development. Financial and behavioural Economics are significant topics at A level.  

In Year 13, students will be expected to understand the importance of globalisation, international trade, the balance of payments and exchange rates. They will examine public finance, macroeconomic policies and the role of the financial sector in a global context. Pupils will also consider the factors influencing the growth and development of emerging and developing countries. 

Those who wish to study Economics at university may wish to consider taking A Level Mathematics as this is an entry requirement for most top Economics courses. It is not, however, essential to study the Economics A Level.  

Exam Board: Edexcel

Exams are in the format of three two-hour externally examined papers. There is no coursework/NEA component in this A Level course. The following themes that students will study are: 

  • Theme 1 – Introduction to markets and market failure 
  • Theme 2 – The UK economy – performance and policies 
  • Theme 3 – Business behaviour and the labour market 
  • Theme 4 – A global perspective 

Career Opportunities  

The study of Economics has many transferable skills which can be applied in a wide range of interesting, stimulating and challenging careers. The following fields of work can all be pursued through the study of Economics: Business, Accountancy, Law, Management, Public Administration, Civil Service, Banking, Finance, Politics, Journalism, Broadcasting and Teaching. 

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