It is an exciting time to study Economics, whether you are concerned about politics or global warming, the study of economics is becoming increasingly important as we consider the impact our choices have on each other and the environment.

This course is developed with up-to-date content so you can relate what you are learning to the world around you locally, nationally and globally.

We will discuss current issues such as:

  • What explains the stark and persistent divide between rich and poor?
  • How can we nudge social behaviour to tackle climate change?
  • The sugar tax – is it an effective way to tackle the social costs of obesity?
  • Who are the winners and losers from trade wars?
  • What is the future of work in a world of artificial intelligence?

Economics will give you an excellent understanding of how economies allocate their scarce resources to meet the needs and wants of individuals.

Through studying Economics, you will develop a wide range of skills, including the ability to analyse qualitative and quantitative data, think critically and make informed decisions.

You will also have the opportunity to be involved in The Investor Challenge, a national competition in which students invest in the stock market.

On this course you will study the following topics:

Individuals, firms, markets and market failure (microeconomics)

  • Economic methodology and the economic problem
  • Individual economic decision making
  • Price determination in a competitive market
  • Production, costs and revenue
  • The labour market
  • Perfect competition, imperfectly competitive markets and monopoly
  • The distribution of income and wealth: poverty and inequality
  • The market mechanism, market failure and government intervention in markets

The national and international economy (macroeconomics)

  • The measurement of macroeconomic performance
  • How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
  • Economic performance
  • Financial markets and monetary policy
  • Fiscal policy and supply-side policies
  • The international economy

As a minimum, you will need (or equivalent to);

  • GCSE Mathematics grade 4
  • GCSE English Language or Literature grade 4
  • plus three more GCSEs at grade 4.

It is recommended you have:

  • GCSE Mathematics grade 5 or above.

There are three written exams, each are two hours in duration.

Each paper includes data response and essay questions.

Many previous students have gone on to study Economics at degree level.

Others have studied degrees such as Management, Engineering, Business, Computer Science and Geography.

Another popular route has been Apprenticeships with organisations such as IBM and Ernst & Young.

Can I study Economics and Business?

Yes, there is some overlap between Economics and Business but generally they are stand-alone subjects.

Business will analyse problems from a Manager’s perspective within specific business settings, whereas Economics considers the whole economy.

Do I need to study Mathematics A Level?

No however if you are thinking of studying Economics at university then most courses require a Mathematics A Level.

A good standard of numeracy is required to be successful in Economics.