Why Choose Economics?
Economics is a highly regarded academic subject which is highly valued by both employers and universities. It develops skills which compliment science, social science and arts subjects. Students often go on to study economics, accountancy or other courses relating to business management. Economics involves the study of individuals, firms and the Government. The course is split into two separate yet linked sections, micro economics and macro-economics. Macro Economics is the study of government and how the Government influences and manipulates the level of economic activity. Micro Economics is the study of individuals and firms and aims to establish models which can be used to describe and explain the behaviour patterns of individuals and firms. Economics graduates are amongst the most highly paid and the subject is useful for many careers including finance, banking and retail. The emphasis of this course is on the UK economy, including topics such as economic growth, inflation, unemployment and the labour market. You will also study the international perspectives including International trade, globalisation, poverty, and the environment.
You will learn how to apply economic theory to the analysis of “real world” Economic issues such as:
- How are prices determined?
- Why have energy prices risen?
- What effect does Brexit have on the UK economy?
- What economic policies can be followed to help create jobs or reduce inflation?
- How can we control the negative aspects of economic growth such as rising inequality or increased pollution?
- How does the interest rate affect the housing market
Resources and Facilities
- Internet, interactive ICT resources and computer simulations
- Course textbook
- An extensive range of materials available in the Learning Resources Centre
Teaching and Learning Styles
A variety of teaching and learning strategies are employed including lectures, discussion, debates, role-play activities, computer games and simulations.
We offer trips including Economics conferences, the opportunity to compete in national competitions and revision conferences.
There are three written exams at the end of Year 2. These have a mixture of short questions to test your analytical skills and essay questions which ask you to discuss economic issues in greater depth. The three papers are:
- Markets and market failure
- National and international economy
- Economic principles and issues
Many students decide to study Economics at university either alone or combined with other subjects such as Maths/Statistics, Languages and Social Sciences. Economics A Level is also highly valued by many employers particularly banks, insurance and accountancy firms.
Course Specifics / Entry Requirements
|Qualification Name||Maths GCSE Req.||English GCSE Req.||Other Req.||Desirable Qualifications||Skills & Attributes Required for Success||Guidance on Costs or Commitments|
|Economics||5||5||5 GCSE’s at grade 5 or above.||Interpret data through graphs.||Optional revision conferences approx. £20|