Exam Board: Edexcel    Duration: 2 years    Entry Requirements: Grade 5 in GCSE English and Grade 5 in GCSE Mathematics.

Reasons to study A Level Economics

Economics studies the central issue of how societies use scarce resources; who gets what and why. Fundamentally it relates to incentives and choices made. In the first-year students are introduced to the important economic model of supply and demand and learn how to apply it logically to prices in modern markets, both in the UK and globally. Students will also study the role of the government in managing the economy in a national and global context respectively.

Students will develop an interest in, and enthusiasm for, the subject, appreciate the contribution of economics to the understanding of the wider economic and social environment, develop an understanding of a range of concepts and an ability to use those concepts in a variety of different contexts, use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist, understand that economic behaviour can be studied from a range of perspectives, develop analytical and quantitative skills, together with qualities and attitudes that will equip them for the challenges, opportunities and responsibilities of adult and working life.

Course Outline

Theme 1 Introduction to markets and market failure:
1.1 Nature of economics
1.2 How markets work
1.3 Market failure
1.4 Government intervention

Theme 2 The UK economy, performance and policies:
2.1 Measures of economic performance
2.2 Aggregate demand (AD)
2.3 Aggregate supply (AS)
2.4 National income
2.5 Economic growth
2.6 Macroeconomic objectives and policies Year 2

Theme 3 Business behaviour and the labour market:
3.1 Business growth
3.2 Business objectives
3.3 Revenues, costs and profits
3.4 Market structures
3.5 Labour market
3.6 Government intervention

Theme 4 A global perspective:
4.1 International economics
4.2 Poverty and inequality
4.3 Emerging and developing economies
4.4 The financial sector
4.5 Role of the state in the macroeconomy

Assessment Outline

Throughout the course students will be assessed verbally in class, written homework, end of unit assessments and mock exams.

The final assessments are all exam based and are as follows:

Paper 1 (01): 100 marks written short-answer, data response and essay questions (2 hours)

Paper 2 (02): 100 marks written short-answer, data response and essay questions (2 hours)

Paper 3 (03):
100 marks written exam, data response and essay questions (2 hours)

Component 01 is on markets and business behaviour,
this is the content you study in Theme 1 and Theme 3.
It is worth 35% of the A Level.

Component 02 is on the national and global economy, this is the content you study in Theme 2 and Theme 4. It is worth 35% of the A Level.

Component 03 covers concepts and theory from the whole course and is worth 30% of the A Level.

Progression Routes and Career Paths

  • Economist
  • Financial Analyst
  • Investment Banker
  • Management Consultant
  • Actuary
  • Market Research Analyst
  • Statistician
  • Policy Analyst
  • Accountant
  • Business Development

The Romero’s Economic Department

The A Level Economics course will be taught by a highly skilled Economics graduate who has developed a strong knowledge base through their education and also a wealth of experience within the sector.

Further Information

For more information or if you have any questions about the A Level Economics course please contact:

Mr Z Ozeren – Lead Teacher for Key Stage 5 Economics [email protected]