Economics

Subject Overview

Economics is offered at A Level only. It is a subject which helps you make sense of the wider world, current affairs and the impact of government policy on the country and on individuals. In A Level Economics you’ll look at the fundamental forces which affect our everyday lives, such as employment, prices, international trade and poverty. Economists are often in lively debate with each other over these issues. It is this controversy which makes economics dynamic and interesting and which allows you the opportunity to make your own judgements and form your own opinions.

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”

JM Keynes

KS5 (YEARS’ 12 AND 13)

A Level Economics

Exam Board: AQA

Content overview:

       Individuals, firms, markets and market failure

  1. Economic methodology and the economic problem
  2. Individual economic decision making
  3. Price determination in a competitive market
  4. Production, costs and revenue
  5. Perfect competition, imperfectly competitive markets and monopoly
  6. The labour market
  7. The distribution of income and wealth: poverty and inequality
  8. The market mechanism, market failure and government intervention in markets                                                                                                                                                                                                                The national and international economy                                                                                  
  9. The measurement of macroeconomic performance
  10. How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts
  11. Economic performance
  12. Financial markets and monetary policy
  13. Fiscal policy and supply-side policies
  14. The international economy

Success and Achievements:

Results are consistently very good. Many of our students go on to study Economics or related disciplines at leading universities; a number have also gone on to study degree apprenticeships with Morgan Stanley.

A Level Economics results 2019: A*-A: 29.2%, A*-B: 71%, A*-C: 88%, A*-E: 100%

Wider Learning and Enrichment Opportunities

Lessons incorporate current affairs and a focus on real-life application of economic theory. Students regularly undertake research into areas of market failure e.g. the environment, obesity etc. and use their findings to recommend and debate policy solutions.