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Key details

Attendance Full-time
Duration Two years
Code SFCAECON
Awarding Body AQA
Level A-level
Start Date 06/09/2021

Other start dates

Course overview

A Level Economics will give you an excellent understanding of how economies allocate their scarce resources to meet the needs and wants of their citizens. You will develop a greater understanding of the economic problems which face individuals, firms and governments on, national and global level and the alternative ways these problems can be resolved.

You will look at microeconomic areas investigating how individual decisions impact economic outcomes, the importance of competition, how markets operate and why they fail and the distribution of wealth. At the same time you will learn about macroeconomics, looking at the big picture of how our national economy fits into the global context, the global impact of financial markets and monetary policy and the operation of the international economy.

A Level Pathways

If you are interested in proceeding with A Levels then then you have 4 different pathways that you can choose from. With each pathway you must choose 3 A Levels. Other combinations are available.

 

Pathway 1 – Health and Care

  • Biology
  • Sociology
  • Psychology

or

  • Nursing
  • Midwifery
  • Paramedic Science
  • Physiotherapy
  • Speech Therapy
  • ODP

 

Pathway 2 – Science and Technology

  • Chemistry
  • Biology
  • Physics
  • Maths
  • Computer science

or

  • Optometry
  • Pharmacy
  • Dentistry
  • Medicine
  • Biomedical Sciences
  • Vet Sciences
  • Computer Science
  • Engineering
  • Physics
  • Maths
  • ICT

 

Pathway 3 – Business and Law

  • Business
  • Law
  • Government and Politics
  • Maths
  • Economics

or

  • Business and management
  • Law
  • Finance
  • Accounting

 

Pathway 4 – Humanities & Social Science

  • Sociology B
  • Psychology
  • History
  • English Lang/Lit

or

  • Social work
  • Sociology
  • Psychology
  • Criminology
  • Counselling
  • Peace Studies
  • Politics

What you'll study

Operation of Markets and Market Failure:

You will cover topics like the economic problem and economic methodology; price determination in a competitive market; production, costs and revenue competitive and concentrated markets; and the market mechanism, market failure and government intervention in markets.

The National Economy in a Global Context:

You will cover topics like measurement of macroeconomic performance; how the macro economy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts; and economic performance and macroeconomic policy.

Individuals, Firms, Markets and Market Failure:

You will cover topics like individual economic decision making; production, costs and revenue; perfect competition, imperfectly competitive markets and monopoly; the labour market; the distribution of income and wealth: poverty and inequality; and the market mechanism, market failure and government intervention in markets.

The National and International Economy:

You will cover topics like the measurement of macroeconomic performance; how the macro economy works: the circular flow of income, AD/AS analysis and related concepts; economic performance; financial markets and monetary policy; fiscal policy and supply-side policies; and the international economy.

  • Operation of Markets and Market Failure:

    You will cover topics like the economic problem and economic methodology; price determination in a competitive market; production, costs and revenue competitive and concentrated markets; and the market mechanism, market failure and government intervention in markets.

    The National Economy in a Global Context:

    You will cover topics like measurement of macroeconomic performance; how the macro economy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts; and economic performance and macroeconomic policy.

  • Individuals, Firms, Markets and Market Failure:

    You will cover topics like individual economic decision making; production, costs and revenue; perfect competition, imperfectly competitive markets and monopoly; the labour market; the distribution of income and wealth: poverty and inequality; and the market mechanism, market failure and government intervention in markets.

    The National and International Economy:

    You will cover topics like the measurement of macroeconomic performance; how the macro economy works: the circular flow of income, AD/AS analysis and related concepts; economic performance; financial markets and monetary policy; fiscal policy and supply-side policies; and the international economy.

Assessment

Year One

You will sit two 90-minute written exams.

Paper one will cover the operation of markets and market failure and paper two will cover the national economy in a global context.

The papers will feature a range of question styles.

Year Two

You will sit three two-hour written exams.

Entry requirements

GCSE Maths
Grade 5

For learners wishing to enrol on one of the A Levels in September 2021 there is a minimum entry criteria of 5.6 based on an Average Points Score across a learners GCSE results.  A Calculation is made based on all GCSEs taken against grades per subject to confirm the final score.  For example if you sat 8 GSCEs and received a grade 5 for each subject then your overall APS would be 5.67.  For more information please contact the admissions team.

Next steps

On completion of the course, you may choose to pursue a career in a related field such as banking or finance. The A level course in Economics will stand you in good stead by giving you an insight and understanding of the economic forces that impact your day to day activities. Alternatively, you may decide to follow a career path which is not directly related to your course of study. The analytical and evaluation skills that you will have developed will be useful whatever path you choose in the future.

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Tuition fees

If you are 16 to 18 years old you won't have to pay tuition fees.

If you're 19 or older you may need to pay a fee.

2019/20: £1,049

All fees exclude exams, registration and administration charges. These fees apply to all learners, except those with full fee remission.

For information about our student services, please click here.

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