Entry requirementsA minimum of 2 grade Bs and 4 grade Cs at GCSE including GCSE English Language (grade 5). A grade B (grade 5) in Maths and a B in either English Language (grade 5), English Literature (grade 5), History or Religious Studies is required.
What will I study?The course is split into two distinct areas:
Individuals, firms, markets and market failureThe economic problem and economic methodology
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
The national and international economyThe measurement of macroeconomic performance
How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
Financial markets and monetary policy
Fiscal policy and supply-side policies
The international economy
Course combinationsEconomics combines well with Maths, Business Studies and the Social Sciences.
Paper 1: Markets & Market Failure2 hour exam, one data response question and one essay.
Paper 2: National & International Economy2 hour exam, one data response question and one essay.
Paper 3: Economic Principles and Issues2 hour exam, 30 multiple choice questions and one case study question.
What could it lead to?The course will prepare you for higher education economics courses or can form a component of a joint degree with a wide range of other subjects. Possible careers could include working in financial markets, business management and corporate law.
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100% Achievement in 2016.
Formerly of Malton School
A Level Economics
“I enjoyed Economics as I like how I can relate what we learnt to real recent world issues. The tutors were fantastic and they made the lessons interesting. Economics is very easy to revise for as the exams are clear on what you need to know and this really suited my learning style as it allowed me to focus more on exams.”