Economics

A Level

Economics is a great choice for students who have an active interest in how we, as individuals and as a society, make choices.

Economics at its most fundamental is how individuals and society solve the problem of resources that are limited and the unlimited demand for them.

Most students have not studied Economics before and we do not expect previous knowledge of the subject.

You should have a genuine interest in current affairs and be confident in your numerical skills and written ability for essays. Economics is a challenging subject which is highly regarded by universities and employers.

Whilst studying this course, you will develop communication and analytical skills which will be valuable attributes for either undergraduate study or full time employment.

100% Examination

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Course content

Economics is about choice and the impact of our choices on each other.  It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms.  An economic way of thinking can help you to make better choices.

Exam Board

At Wyke we use the Edexcel Economics specification, consisting of three examined units.

Course details

Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. An economic way of thinking can help you to make better choices.

In Theme 1 and Theme 2 you will be introduced to the nature of economics, how markets work and why they fail. You will consider the role of government and the UK economy.

In Theme 3 and Theme 4 you will explore how businesses grow and compete, the labour market and how the government intervenes to make markets work better. You will also explore international trade, inequality within and between countries, emerging and developing economies, and the public finances. You will also have an opportunity to consider the role and impact of the financial sector.

Assessment

100% Examination.

Paper One

Short-answer, data response and essay questions on markets and business behaviour—this is the content you study in Theme 1 and Theme 3.  2 hour exam weighting 35%

Paper 2

Short-answer, data response and essay questions on the national and global economy—this is the content you study in Theme 2 and Theme 4. 2 hour exam weighting 35%

Paper 3

The questions in the exam—data response and essay questions—cover concepts and theory from the whole course.  2 hour exam weighting 30%

How the course is delivered

The A Level course is delivered over two academic years. Students will receive 4 hours 40 minutes of lessons per week. Independent work is expected of students outside of lessons. There is a strong ethos of high achievement on this course. The focus of the lessons is on applying economic concepts and skills to the variety of problems encountered in the exam. A variety of teaching methods are employed and students will take part in group discussions & case studies, peer teaching and sharing topical news items with the group.

Students are provided with up to date textbooks, highly effective printed notes linked to integrated assessment material based on examination questions. Our Moodle presence is well developed with course presentations and links to news items of interest. We encourage the use of social media and Economic resources are abundant on the internet.

Departmental Enrichment

Our students can enter the Bank of England Target 2.0 competition where they take on the role of the Bank of England’s Monetary Policy Committee to assess economic conditions and explain what monetary policies would be used to achieve the 2.0% inflation target. We will have external speakers visit the college alongside planned student visits including revision conferences at The University of Hull.

What can I do now that would help prepare me for this course?

Make sure that you follow Economics stories in the media. It is useful to get used to reading a quality newspaper (most are on line) such as the Guardian, Times and Independent. They have very useful Economics and Business sections. They will seem difficult at first, but you should stick at it. Perhaps read the Economist or watch Economics related news items on TV or listen to radio programmes such as “Stephanomics” on Radio 4. The Economics/business section in the BBC News website is very useful. As a quirky introduction to the subject you should read the “Freakonomics” books by Levitt and Dubner.

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