Economics

Why Study Economics?

A Level Economics aims to develop your appreciation for the contribution which economic factors make to the wider social environment, particularly how individuals, households and firms make rational, and sometimes irrational, decisions when faced with choices concerning scarce resources.

You will be encouraged to challenge your view of the world around you as you develop into a critical thinker. Fascinating concepts will be explored, including opportunity cost, diminishing marginal returns, supply and demand, choice, externalities, multiplier effect, allocative efficiency and many others.

The learning material of A Level Economics is split into micro-economics and macro-economics. Micro-economics focuses on the operations of markets and market failure whilst macro-economics focuses on national and international economies.

In Year 1, you will develop a sound grounding of both micro- and macro-economics. In Year 2, you will build on these topic areas with greater sophistication and further application to real-life scenarios. The final examination is taken at the end of Year 2 in the form of three written papers.

Where can Economics take me next?

The majority of scholars who study A Level Economics go on to study Economics, Business and Finance, or politics-related degrees at university. If you decide not to go to university, you could go on to an advanced apprenticeship programme or gain employment in marketing, finance, human resources, administration, or politics.