A Level Economics

Course summary

The course will appeal to students who are interested in current affairs, politics, business, ethics, debating, solving problems and analysing the world around them. Some key questions students will consider on this course are: Should benefits be cut? Why are some countries ‘richer’ than others? Why are Aldi and Lidl doing so well? Is it fair for big firms to avoid paying tax? Is the ‘living wage’ good or bad? Is immigration good or bad for the UK economy? Brexit – good or bad for the UK? The course is split and taught in two parts: Microeconomics and Macroeconomics. In Microeconomics, students look at individual markets and businesses. Topics include scarcity and choice, opportunity cost, production possibility curves, specialisation, division of labour, supply and demand, price elasticity of demand, market failure and government intervention, business objectives and competition in markets. In Macroeconomics, students look at the wider economy. Topics include national income and expenditure, aggregate supply and demand, fiscal policy, monetary policy, exchange rates, supply side policy, international trade, unemployment, inflation, economic growth, balance of payments and economic development. Career Pathways – Economist – Banking and Accounting – Financial Markets and Management – Insurance – Investment Funds – Management Consultancy