Economics

2021-2023 Specification: Head of Department: Edexcel Economics A 9EC0 Mr Stuart Read

Who should study this course?

Studying economics will help to answer questions such as: “Why does Neymar earn more than the combined salaries of 500 nurses?”; “Why are houses becoming more expensive?” and “Should the government tax smokers?” Therefore, this A-level is an excellent subject for pupils with good analytical skills who like solving real-world problems. This, combined with a strong work ethic, will make this demanding A Level accessible, interesting and fulfilling. Pupils are encouraged to take a lively interest in current affairs as discussed in newspapers, on radio or television. This is essential as the course demands an ability to interpret current trends and changes in the economy.

Grade 6 in maths and a grade 6 in English language is required to study economics. It should be noted that 25% of the A Level marks available require mathematical understanding.

What will I be studying?

You may have never studied economics before, and yet when you open a newspaper what do you read… a report from an economics correspondent. Turn on the news on TV and there is yet another discussion on the state of the economy. Talk to a friend and the conversation will often focus on the price of the latest gadget. Economics affects our daily lives. Continually we are being made aware of local, national and international economic issues. Furthermore, we are constantly faced with economic problems and decisions of our own.

Key topics will include:

How prices are determined

Economic growth and climate change

Unemployment and inflation

UK government spending

The pros and cons of monopolies Trade and globalisation How poor countries can grow and develop Public finance Poverty and inequality

How will I be assessed?

The course will be assessed via three two hour examinations which demand well-structured extended writing. Paper 1 (Markets and Market Behaviour) and Paper 2 (The National and Global Economy) are both worth 35% of the full qualification. Paper 3 (Microeconomics and Macroeconomics) is worth 30% of the qualification.

What next?

Economics will give you some very useful mental tools and skills that will be helpful in many other aspects of life. Some of these skills are ‘overarching,’ such as the development of logical thought processes, whilst others are more specific such as the ability to read and interpret economic arguments.

Economics is an excellent subject to study either for accessing related degrees at university or for keeping options open. It is a highly respected qualification and often leads pupils on to jobs in business, government or finance related industries.