Economics is all about how scarce resources in a nation are allocated. It is split into microeconomics which looks at how businesses and individuals make choices about what to produce and consume; and macroeconomics which looks at government and international policy.
Economics is a well-recognised and highly regarded A level subject that will suit students who are up for challenge and engaging with the world around them, from Brexit to the effect of Donald Trump on the economy. Most students tend to be interested in studying Economics, especially students who are interested in Business or Mathematics. Students who study Economics regularly go on to pursue careers in business, finance, accounting and politics amongst others.
Theme 1: Introduction to markets and market failure (Supply, Demand, Price, Output etc.)
Theme 2: The UK economy – performance and policies. (Economic Growth, Inflation, Employment, Trade)
Theme 3: Business behaviour and the labour market (Costs, Revenue, Profit, Market structure etc.)
Theme 4: The global economy (Globalisation, Trade Blocs, Exchange Rates, Inequality, Development etc.)
More details about the course content can be found from: http://qualifications.pearson.com/content/dam/pdf/A%20Level/economics-a/2015/specification-andsample-assessment-materials/PearsonEdexcel-Alevel-EconomicsA-AccreditedSpec-August14.pdf
The course is examined entirely by three written exam papers taken in June at the end of year 13. The examinations are each 2 hours and are as follows:
Paper 1: Markets and business behaviour (35% of the total qualification) – this consists of all the microeconomics studied in themes 1 and 3. The paper has 3 sections including shorter answer questions in section A and extended essay style questions in section C
Paper 2: The national and global economy (35% of the total qualification) – this consists of all the macroeconomics studied in themes 2 and 4. The paper has 3 sections including shorter answer questions in section A and extended essay style questions in section C
Paper 3: Microeconomics and macroeconomics (30% of the total qualification) – this consists of all the economics studied across all four themes and is synoptic. This exam focuses more on extended answers.
If you would like any further information about the course please contact the subject leader
Mr T Collins
Content updated September 2018