Economics is about more than just money. It is about understanding the kind of decisions people make, and why they make them. If you choose to study A-level Economics, you will be able to understand complex and important issues, such as poverty, tax rates and inflation.
Economics provides a framework to help you analyse and understand how firms meet consumer demands and how wealth is shared. You will study Micro Economics looking at individual firms and Macro Economics which examines national and international economies.
You will also learn many practical skills like being able to read statistics, make better financial decisions, and avoid making mistakes. In other words, a degree in economics can be used in nearly every aspect of your life!
- A minimum of 5 GCSEs (with 2 at grade B, and 3 at grade C) including English at C and Maths at B.
- Please click here to see grades conversions in line with the new grading system.
What will I study?
- Examination - 100%
- Year One
- Students explore markets and market failure, the theory of supply and demand as well as the needs, wants and choices consumers make. They gain an understanding of the national economy, specifically interest rates, exchange rates, inflation and general government macro policy.
- During first year students develop an interest in Economics and its contribution to the wider economy and social environment. They gain an understanding of a range of concepts and acquire the ability to use these in a variety of different contexts by gaining an enquiring, critical and thoughtful ‘economist’s mind’.
- By practicing skills, qualities and attitudes students are equipped for the challenges, opportunities and responsibilities of adult working life.
Students learn how to apply economic theories in a range of contexts and appreciate their values and limitations in explaining real world phenomena. Finally, they learn how to analyse, examine and evaluate the strengths and weaknesses of the market economy and the role of government within it.
- Year Two
- Students gain an understanding of business economics, costing, market structures and the distribution of income
- They learn about the national economy in more detail and develop an appreciation for the international economy by developing knowledge of various economic models.
- During the second year, you develop the micro and macroeconomics already learnt during the lower sixth, considering economic concepts and theories in greater depth and recognising the values and limitations of economic models.
- The second year content explores two contemporary and relevant contexts: the global context, which includes the impact of globalisation on UK economic performance; and the European Union context, embracing the effect of EU membership and economic policy on the UK economy.
Where does it lead?
A-Level Economics is valued by many industries due to its contemporary nature and the diversity of academic skills it helps develop. The subject has been studied by manypoliticians and those aspiring to work in the business world. Studying Economics at A Level allows progression on to studying the subject at university or a business related apprenticeship and employment in a range of sectors.
“I studied Economics with Maths, Further Maths and History at Cadbury College, achieving grades A*AAA. I am now studying a degree in Economics at The University of Bristol.”