We aim to develop
in students an understanding of economic concepts and theories through a critical consideration of current economic issues, problems and institutions that affect everyday life.
Key Stage 5 – The subject is only available at AS/A level. Prospective students must gain grade C or above at GCSE in Maths and English Language, plus any other general requirements for the Sixth Form, to be considered for this course.
We offer the AQA Economics specification, with one module being taken in the January of each year.
Year 12 (AS)
No prior knowledge is assumed, since the subject is not offered below the Sixth Form. The AS course comprises two modules – Markets and Market Failure and the National Economy.
The former introduces students to microeconomics, which looks at parts of the economy. Supply and demand, for instance, will examine how the prices of goods and services are determined and how they are allocated.
The National Economy covers macroeconomics, which looks at the economy as a whole. Students will learn, for example, about key economic indicators such as inflation and unemployment – how they are measured, why they matter and what can be done to improve our living standards.
Both exams consist of multiple choice and data response questions.
Year 13 (A2)
Students require at least a D grade at AS level to progress onto the A2 element. Again, there are two modules.
Business Economics and the Distribution of Income covers more advanced microeconomic models, including the behaviour of firms in different market structures, such as monopolies. There is also a section on the labour market – why are some people paid more than others?
The National and International Economy builds on the AS macro knowledge and as the title suggests, includes more of an international element which looks at the UK’s place in the economic world today, including its membership of the EU.
Both exams consist of essays and data response questions (one in an EU and another in a global context).
Updated: September 2012