Economics A Level -

Economics

EDEXCEL 9EBO

WHY STUDY ECONOMICS?

The aims and objectives of the specifications are to enable students to: develop an interest in, and enthusiasm for, economics; appreciate the contribution of economics to the understanding of the wider economic and social environment; develop an understanding of a range of concepts and an ability to use those concepts in a variety of different contexts; use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist; understand that economic behaviour can be studied from a range of perspectives; develop analytical and quantitative skills, together with qualities and attitudes that will equip them for the challenges, opportunities and responsibilities of adult and working life.

THE A LEVEL PROGRAMME OF STUDY

Theme 1: Markets, consumers and firms

 

·         Scarcity, choice and potential conflicts

·         Enterprise, business and the economy

·         Introducing the market

·         The role of credit in the economy

·         Market failures and government intervention

·         Revenue, costs, profits and cash

 

Theme 2: The wider economic environment

 

·         Business growth and competitive advantage

·         Firms, consumers, elasticities of demand

·         Productive efficiency

·         Life in a global economy

·         The economic cycle

·         Introduction to macroeconomic policy

Theme 3: The global economy

·         Globalisation

·         Economic factors in business expansion

·         Impact of globalisation on global companies

·         Impact of globalisation on local and national economies

·         Global labour markets

·         Inequality and redistribution

Theme 4: Making markets work

·         Competition and market power

·         Market power and market failure

·         Market failure across the economy

·         Macroeconomic policies and impact

HIGHER EDUCATION AND CAREER OPPORTUNITIES

Students will develop transferable skills that support study in a wide range of subjects at university and the transition to employment, including quantitative and analytical analysis, forming and testing hypotheses, and commercial awareness. The development and application of quantitative skills prepare students for study of economics and related courses at university. Skills developed on the course will support a wide range of careers ranging from finance, banking, insurance, accountancy, management and consultancy, to becoming professional economists.

A CURRENT STUDENT’S PERSPECTIVES

Economics is a thoroughly unique and interesting subject.  The way economic theories are shown in the real world is of particular interest to me as I feel this gives the subject significant purpose.  The possibilities after completing the course are endless.”

- Sam Theobald, Year 13

SUBJECT SPECIFIC ENTRY REQUIREMENTS

Students must achieve grade 5 or higher in mathematics and English at GCSE.

FOR FURTHER INFORMATION please contact Mrs R Brittain rbr@sandon.essex.sch.uk