Economics is the study of a fundamental question which affects us all – how should we allocate our scarce worldwide resources between our many competing needs / desires?
COURSE CONTENT & ASSESSMENT
The course is comprised of Micro- and Macro-Economics. Micro-Economics is the study of how individuals and firms make decisions about how to use the resources available to determine which goods and services to produce or consume and the price which should be charged. Macro-Economics considers the fundamental question when we are concerned with the economy as a whole. We analyse carefully important current affairs topics such as: inflation, unemployment, economic growth, government debt and exchange rates.
Economics will therefore give you an insight into how important decisions are made which affect everyday life. Whilst studying the subject you will gain an appreciation of issues of national and global importance and you will become aware of key financial decisions which affect us all. The skills you gain will enable you to follow political events with greater understanding and as a result you will be in a position to make more informed political decisions. It is important that you are keen to learn about current affairs and that you take an interest in world events.
Economics A level is accepted by all universities and colleges of higher education. Economics has a great appeal in its own right as well as in conjunction with other higher education courses, such as Business Studies, Management Courses, Politics, Philosophy and Economics, European Studies and many others. Economics is an essential qualification in many financial careers, including banking, accountancy and insurance.
Economics course demands considerable analytical skill, and the ability to critically evaluate a wide range of Economic information. Students must have a minimum of 5 GCSEs at at least L5, including English and Maths Students should have an interest in current affairs and economic and political issues, and enjoy serious discussion and debate on these issues.
“Economics is a valuable subject to study and may well be of great use in later life. Although it is difficult at times it is a very enjoyable subject to learn.”