The basic economic problem addresses how we can solve the world’s desire for unlimited needs and wants with the scarce resources available. The A Level Economics course explores how governments, firms and individuals tackle this problem. Economics will give students the analytical and evaluative skills required to deal with a range of questions and issues that affect the world today.
Issues the course will consider:
- Why does the price of petrol fluctuate?
- What is the true cost of rising CO2 emissions and how can we solve the problem of global warming?
- What will be the impact of Brexit?
- What is austerity?
- Why do footballers receive such high wages?
- Why is education the solution to solving income inequality?
What goes well with this course?
Economics can be a useful subject for any student looking to improve their analytical and communication skills; its mix of essay writing and mathematical analysis develops broad-ranging transferable skills.
A qualification in Economics is useful for many different career paths, including: Politics, Banking, Journalism and Business.
Economics is highly valued by employers who respect its rigorousness and the variety of mathematical and written skills it gives graduates.
Microeconomics examines the impact of decisions made by individuals and firms. This unit helps students understand the economic theory of supply and demand and how to apply this law to different markets.
It allows students to evaluate how well different economic theories explain our observation of economic agents such as individuals and businesses in the real world. It deals with issues such as environmental pollution and overconsumption of fast food. The merits and drawbacks of government intervention are also discussed.
Macroeconomics allows us to understand how the economy functions on both a domestic and global level. It encourages students to adopt a critical approach to their study of government policy through development of their understanding of the limitations and conflicts which are caused by decisions regarding taxation and spending. There is also a study of the application of policy instruments such as interest rates and quantitative easing.
Themes in Economics
Economics is at the heart of a number of key issues that have faced our society and will confront our future, such as: What will become of the UK? What happens to life after Brexit? How will the economy recover after Coronavirus? Why is the government in so much debt?
Throughout the course, students will apply economic theory to a variety of issues, developing skills which will allow them to form their own conclusions about what is best for society.
Economics looks at the causes of and solutions to many of the issues in the news, such as the rising cost of living, unemployment and environmental problems, whereas Business Studies covers the practicalities of running a business.
Economics A Level students have the opportunity to take part in a variety of course related experiences. In recent years, these have included:
- Shares4Schools: an eight month national competition in which students invest real money on the London stock market
- Royal Economic Society Young Economist of the Year competition: Year One and Two students have the opportunity to enter this national essay writing competition with a first prize of £800
In addition to course specific experiences, students also have the opportunity to get involved in the College’s Activities Programme.
All students need to gain an experience of the work place during their time at College and for students studying vocational courses it should ideally be linked to one of their subject areas.
The course is examination based; there is no coursework.
The exam board for this A level is AQA.
All students need to have at least five GCSEs at Grade 4 or above (and a satisfactory school reference) in order to be accepted on an A Level/BTEC Level 3 Programme.
In addition, students should meet the following minimum GCSE requirements:
- Maths at Grade 5 and English Language at Grade 5
Students should have an interest in issues affecting the UK and global economy and good general knowledge of current affairs.
Students should have an enquiring mind, enjoy problem solving and like working with others.
How to Apply
Applications for entry September 2020
Students from partner schools (Reigate, Warwick, de Stafford and Oakwood) should complete an online application under the guidance of their school.
All other applicants should download and return the 2020 application form.
All applications will be considered according to the College’s Admissions Policy.
Please see the Admissions timetable for information about the College’s enrolment process.