Economics A level

The Economics specification provides learners with a coherent combination of micro-economic and macro-economic content that will develop an understanding of economic concepts and theories through a critical consideration of current economic issues, problems and institutions that affect everyday life. The specification prepares learners who wish to progress to undergraduate level study Economics dominates political and commercial life. Whether the debate is about wealth, inflation, the price of gas, the state of our high streets, economics is at the core.

The Economics A-level introduces pupils to new methods of analysis and evaluation, it provides a foundation for further study of the subject and a wider range of business and finance degrees. Learners will develop an appreciation of the complex and interrelated nature of economics and analytical and quantitative skills in selecting, interpreting and using appropriate data from a range of sources. Students will have the opportunity to develop an awareness of contemporary economic issues relevant to the British economy and a broad understanding of the recent economic history of Wales using publicly accessible information. For successful study of economics at undergraduate level it is an essential that mathematics is taken at A-level.

Entry Requirements

There is no requirement to have studied Economics at GCSE. The ability to write effective analytical responses and a good standard of mathematics are skills that provide a foundation to success in the subject.

Course Content

We follow the WJEC specification.

AS Level ( Year 1)
We are introduced the basic economic concepts and theories, including
• The basic economic problem
• Theory of demand and supply
• International trade
• Fiscal and monetary policy
• Government macro-economic objectives

A2 Level (Year 2)
Further economic theory is investigated, including
• Development Economics
• Industrial Economics
• Theories of employment

Assessment

AS Unit 1 Introduction to Economic Principles Written examination: 1 hour 15 minutes Multiple choice and structured questions.  15% of qualification 55 marks.

AS Unit 2 Economics in Action Written examination: 2 hours Compulsory data response questions. 25% of qualification 80 marks.

A2 Unit 3 Exploring Economic Behaviour Written examination: 2 hours 30% of qualification 80 marks Structured questions based on A2 content.

A2 Unit 4 Evaluating Economic Models and Policies Written examination: 2 hours 30 minutes.
30% of qualification 90 marks One essay in each section:
• Section 1 – Microeconomics
• Section 2 – Macroeconomics
• Section 3 – Trade and Development

Reading / Listening list

The Undercover Economist
The Economist Magazine (discounted subscription through school)
Radio 4 More or Less (available as podcast)

Useful websites

Economics Help http://www.economicshelp.org/
Tutor2u http://www.tutor2u.net/

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