Study
A Level Economics gives a strong grounding in both microeconomics and macroeconomics, through a three component externally assessed qualification. The course content has been designed to capture and inspire the learner’s interest in making links to modern life and the world around them. It provides the opportunity to study a wide range of concepts which can be applied in a variety of contexts. At the heart of Economics is its relevance to the modern world; its topicality will engage the learner and facilitate an understanding of their role in society. The course will encourage learners to develop their skills as independent learners, critical thinkers and decision makers – all personal assets that can make them stand out as they progress to higher education and/or the workplace.
The aims of A Level Economics are to encourage the learners to think as economists.
- Microeconomic theory
- How competitive markets work
- Market failures and government intervention
- Macroeconomy functions on a domestic and global level
- Policy approaches
- Macroeconomic equilibrium
- Theoretical working of the free market
- Imperfections and market failures
- Changes in macroeconomics over time
No prior study of Economics is required for taking the A Level qualification
Assessment
In Year 13, there will be three two hour examinations in May/June. There are three mandatory components, focusing on microeconomics, macroeconomics and themes in economics, with the latter offering an opportunity for learners to apply theories and concepts to up to date contexts. All three examinations will comprise a mixture of data response, multiple choice and essay based questions and each accounts for 33.33% of the total marks.
What Next?
Economics compliments most A Level subjects, however, if students intend to study Economics at a top university most degree courses require A Level Mathematics. Students who have chosen to further their studies in Economics have chosen university courses such as Economics, Business Studies, and Business & Management studies.
Careers that an economics degree could lead to include:
- Actuarial analyst
- Chartered accountant
- Chartered public finance accountant
- Data analyst
- Economist
- Financial risk analyst
- Forensic accountant
- Investment analyst
- Statistician
- Stockbroker
Economics Subject Leader: Mr N Rowling
Syllabus: OCR
Course Specification: H060 / H460
Qualification: A Level