About.
A Level Economics is a broad subject in Social Sciences. Economics has become high profile. The credit crunch, bankers’ bonuses and fears of a Euro meltdown are just three topics rarely out of the news in recent years, throwing a light on the importance of and divisions within the discipline.
Study A-level Economics will enable students to:
- gain insight into how markets work
- understand the relationship between micro and macroeconomics and how this shapes local, national and global economies
- kick-start student’s career, learning vital skills to continue to further education or the world of work
During the course of this two year course, students will study areas and topics drawn from both micro and macroeconomics.
Microeconomics:
- the 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.
Macroeconomics:
- the measurement of macroeconomic performance
- how the macroeconomy works
- economic performance
- financial markets and monetary policy
- fiscal policy and supply-side policies
- the international economy.
Career Pathways.
An A-level in Economics will benefit students looking to go on to study economics, business or finance at university. Students may choose to pursue a career in a directly related field such as banking or finance