Economics

Economics A Level is for you if you wish to develop an appreciation for the contribution of economics to the understanding of the wider economic and social environment and the ability to use economic concepts in a variety of different contexts. You will use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist, an understanding that economic behaviour can be studied from a range of perspectives, develop analytical and quantitative skills, together with qualities and attitudes that will equip you for the challenges, opportunities and responsibilities of adult and working life.


The curriculum is carefully structured, so that there are progressive levels of challenge and high expectations in each year, starting with the structure of the micro economy and developing through to the arguments for and against the development of world free trade.


Throughout the course, students interpret real economic data in order to analyse economic problems, and to evaluate potential government interventions to improve economic performance. They also consider the economy in a wider social and environmental context.


By the end of Year 13, Economists are able to interpret economic data in order to explain how the economy works and how governments intervene to achieve specific economic targets.

Theme 1: Introduction to markets & market failure
• Nature of economics
• How markets work
• Market failures
• Government intervention

Theme 2: The UK economy – performance & policies
• Measures of performance (GDP, inflation, unemployment etc.)
• Aggregate demand & supply
• National income
• Economic growth & the trade cycle
• Macroeconomic objectives
• Policy instruments

Theme 3: Business Behaviour & the labour market
• Business growth
• Business objectives
• Revenues, costs, profits
• Market structures & efficiency
• Labour supply & demand
• Wage determination
• Government intervention in markets

Theme 4: Globalisation perspective
• Globalisation trade & competitiveness
• Balance of payments and exchange rates
• Poverty & inequality
• Development in emerging economies
• Financial sector / Central banks
• Public finances & macro policy in International/global context

Year 13 A Level Final Exams

Unit 1: Markets & Market Failure
Unit 2: The National & International Economy
Unit 3: Economic Principles & Issues

Students will draw on their knowledge from both micro and macroeconomics to answer multiple choice questions and offer recommendations for action based on a case study.

Assessment criteria:

  • Demonstrate knowledge of terms/concepts and theories/models to show an understanding of the behaviour of economic agents and how they are affected by and respond to economic issues

  • Apply knowledge and understanding to various economic contexts to show how economic agents are affected by and respond to economic issues.

  • Analyse issues within economics showing an understanding of their impact on economic agents

  • Evaluate economic arguments and use qualitative and quantitative evidence to support informed judgements relating to economic issues.

Trip to Tutor2U A Level Revision Conference

Economics Alumni

NAME GOES HERE
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
KEY INFORMATION
Qualification: A Level
Course Duration: 2 Years
Exam Board: Edexcel
Pass Rate:
Entry Requirements: 5 or above in GCSE Maths
Teaching Staff
Mrs Kirke, Head of Social Sciences
skirke@bishopstopford.com
APPLY NOW
"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. "
Lawrence J Peter