Economics

Economics

A Level
Full-time, Sixth Form Study Programme
Examining Board: AQA

About the course

Our approach to Economics is to apply economic theory to support analysis of current economic problems and issues, and encourage students to appreciate the interrelationships between micro-economics and macro-economics. The course is developed with up-to-date content so that students can relate what they are learning to the world around them – locally, nationally and globally.

Students develop the knowledge and skills needed to understand and analyse data, think critically about issues and make informed decisions. They will also build upon their quantitative skills and appreciate that, when evaluating arguments, both qualitative and quantitative evidence are important.

Economics is examined at the end of Year 2 by three two-hour exams. Formal assessments take place three times a year. The examination has a variety of assessment styles including real-life case studies and data exercises to better prepare students for further study and employment.

Here are the topics we cover in Year 1:

Micro: The operation of markets and market failure

  • Economic methodology and the economic problem
  • Price determination in a competitive market
  • Production, costs and revenue
  • Competitive and concentrated markets
  • The market mechanism, market failure and government intervention in markets.

Macro: The national economy in a global context

  • The measurement of macroeconomic performance
  • How the macro-economy works: the circular flow of income, AD/AS analysis, and related concepts
  • Economic performance
  • Macroeconomic policy.

Here are the topics we cover in Year 2
Micro: Individuals, firms, markets and market failure

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

Macro: The national and international economy

  • The measurement of macroeconomic performance
  • How the macro-economy 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.

There are two national competitions available to students. The Investor Challenge, an opportunity to invest in the stock market, and Target 2.0 where using live information provided by the Bank of England, students recommend and justify changes in interest rates.

Past students have continued to study at prestigious universities, both in the UK and abroad, including London School of Economics (LSE), Oxford, Cambridge, Hong Kong and Rotterdam. In addition past students have progressed onto Higher Level Apprenticeships including British Telecom and Ernst & Young.

Potential careers include Economist, Accountant, Statistician, Investor analyst, Management consultant, Diplomatic services, Civil Service and Politician.

Nick Bebbington

Nick Bebbington

Former Economics student Nick Bebbington was offered a place to study at Erasmus University, in Rotterdam, in 2015. The University is one of the top universities in the world according to The Times Higher Education World University Rankings. Nick is studying BSc International Economics and Business Economics at Erasmus School of Economics. 

There is an openness to opinion and questioning. We are allowed to question the theory.

A Level Economics student

Find out how to apply for A Level Economics

To do this course you need the following:

  • Standard College entry requirements: 5 GCSEs at grade C/4 or above including English Language
  • GCSE Maths minimum grade 6

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College facilities

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Case study

Further Maths - Bethany Griffin

Further Maths - Bethany Griffin

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