Economics is a dynamic and changing field of study and what students learn can be directly applied to the world around them. The City of London School is in a unique location to explore and study this exciting subject, being in the heart of the financial sector. Will the Eurozone survive? What are the economic implications of Brexit? Should the government raise taxes or reduce spending to tackle government debt? How should we approach global environmental problems? To what extent should the economy be driven by the ‘market’ or the government? Why do we need an inflation target? Is China a threat or an opportunity? If questions like these interest you, then economics may be an ideal A-level subject choice. Economics also neatly complements a wide range of other subjects, be it Mathematics, English, History, Geography, Politics, Philosophy, Science or Art. Economics will teach you to be analytical and critical; skills that are highly sought after by prospective employers. You will study theoretical economics which will be applied to the real world. For example, you will learn why the ‘market system’ often leads to pollution and then study what can be done to ensure business takes account of the damage they do to the environment. Amongst the many areas covered you will explore: • The role of economics in resource allocation • How competitive markets work and why markets sometimes fail • Measures of economic performance such as growth, inflation, the balance of payments and unemployment • The changing role of the financial sector • Different schools of economic thought • Macroeconomic objectives and government intervention in markets • Revenues, costs and profits of business and business objectives • Market structures such as monopoly, oligopoly and perfect competition • The Eurozone, the European Union and other trade blocs • Comparing and contrasting emerging and developing countries
A pupil should have at least a 7/A grade at GCSE to take the subject at A Level, even though in some subject areas, an 8 or 9 at GCSE is a stronger indicator of subsequent success at A-Level.
We will be following the Edexcel linear course which will cover four ‘themes’ that will be examined in the summer of 2022. Theme 1: Introduction to markets and market failure This focuses on microeconomic concepts. Pupils will develop an understanding of the nature of economics, how markets work, market failure and government intervention. Theme 2: The UK Economy – performance and policies This focuses on macroeconomic concepts. Pupils will develop an understanding of measures of macroeconomic performance, aggregate demand, aggregate supply, national income, economic growth and macroeconomic objectives and policy. Theme 3: Business behaviour and the labour market This develops the microeconomic concepts learnt in theme 1 and focuses on business economics. Pupils study business objectives, revenues, costs, profits, market structures, the labour market and government intervention. Theme 4: A Global Perspective This develops the macroeconomic concepts introduced in theme 2 and applies these concepts in a global context. Pupils will develop an understanding of international economics, global inequality, development economics, the global financial sector and the role of the state in the macroeconomy.
About School
| Region | London |
| Local Authority | City of London |
| Ofsted Rating | |
| Gender of School | Boys |
| ISI Report | View Report |
| Boarding Fee | Unknown |
| Sixth Form Fee | £22,635 |
| Address | 107 Queen Victoria Street, London, EC4V 3AL |
Economics is a dynamic and changing field of study and what students learn can be directly applied to the world around them. The City of London School is in a unique location to explore and study this exciting subject, being in the heart of the financial sector. Will the Eurozone survive? What are the economic implications of Brexit? Should the government raise taxes or reduce spending to tackle government debt? How should we approach global environmental problems? To what extent should the economy be driven by the ‘market’ or the government? Why do we need an inflation target? Is China a threat or an opportunity? If questions like these interest you, then economics may be an ideal A-level subject choice. Economics also neatly complements a wide range of other subjects, be it Mathematics, English, History, Geography, Politics, Philosophy, Science or Art. Economics will teach you to be analytical and critical; skills that are highly sought after by prospective employers. You will study theoretical economics which will be applied to the real world. For example, you will learn why the ‘market system’ often leads to pollution and then study what can be done to ensure business takes account of the damage they do to the environment. Amongst the many areas covered you will explore: • The role of economics in resource allocation • How competitive markets work and why markets sometimes fail • Measures of economic performance such as growth, inflation, the balance of payments and unemployment • The changing role of the financial sector • Different schools of economic thought • Macroeconomic objectives and government intervention in markets • Revenues, costs and profits of business and business objectives • Market structures such as monopoly, oligopoly and perfect competition • The Eurozone, the European Union and other trade blocs • Comparing and contrasting emerging and developing countries
A pupil should have at least a 7/A grade at GCSE to take the subject at A Level, even though in some subject areas, an 8 or 9 at GCSE is a stronger indicator of subsequent success at A-Level.
We will be following the Edexcel linear course which will cover four ‘themes’ that will be examined in the summer of 2022. Theme 1: Introduction to markets and market failure This focuses on microeconomic concepts. Pupils will develop an understanding of the nature of economics, how markets work, market failure and government intervention. Theme 2: The UK Economy – performance and policies This focuses on macroeconomic concepts. Pupils will develop an understanding of measures of macroeconomic performance, aggregate demand, aggregate supply, national income, economic growth and macroeconomic objectives and policy. Theme 3: Business behaviour and the labour market This develops the microeconomic concepts learnt in theme 1 and focuses on business economics. Pupils study business objectives, revenues, costs, profits, market structures, the labour market and government intervention. Theme 4: A Global Perspective This develops the macroeconomic concepts introduced in theme 2 and applies these concepts in a global context. Pupils will develop an understanding of international economics, global inequality, development economics, the global financial sector and the role of the state in the macroeconomy.
