EconomicsEconomics is the study of how resources are allocated. Economic theories have an enormous impact on how society functions.
Our Economics A-Level
We will help you appreciate how economics contributes to an understanding of wider economic and social environments and develop your understanding of a range of concepts and the ability to use them in a variety of different contexts. We encourage you to think as an economist and use an enquiring, critical and thoughtful approach to your studies. You will develop the skills, qualities and attitudes which will equip you for the challenges, opportunities and responsibilities of adult and working life.
What will I study in A-Level Economics?
• Unit 1: Competitive Markets – How They Work & Why They Fail. You will learn about information problems in markets and factors influencing the demand and supply of labour.
• Unit 2: Managing the Economy. You will study the factors influencing the components of Aggregate Demand, such as the wealth effect on consumption and causes and costs of growth for developed and developing economies.
• Unit 3: Business Economics and Economic Efficiency. You will focus on barriers to market entry and exit, economics of scale and game theory.
• Unit 4: The Global Economy. You will look at the use of policies by governments to achieve their macro and microeconomic objectives, international trade (including exchange rates and comparative advantage) and globalisation, the competitiveness of different countries and poverty and inequality
A combination of assessment techniques is used, they include multiple-choice questions, data response questions and essays questions.