Link to OFSTED Report
Economics Edexcel GCE Advanced Level

This subject is highly topical, covering most of the major issues in public life. For example, pupils would look at the impact of Brexit, the Banking crisis, immigration, technological advances and the impact on the labour force and globalisation on the British economy. We analyse issues that grab the headlines: unemployment, taxation and the prospect of surviving outside of a major trading bloc. Consequently, a keen interest in current affairs, as well as a willingness to read quality newspapers is essential. Although the subject is primarily theoretical, the work in the classroom can be related directly to the real world. Lessons are delivered with ample opportunity for discussion, debate and reporting back on various topical and controversial issues.

Pupils considering studying Economics at degree level are advised to take Mathematics at either AS or A Level, as some degrees require a high level of mathematical competence. This intellectual discipline, together with the subject’s relevance to commerce and industry, mean it is viewed favourably by employers, often exempting pupils from part of professional examinations such as accountancy qualifications. GCSE Economics is a good introduction to A Level Economics but those who have not taken this can still be accepted if they are committed and have a minimum of a grade 7 in GCSE Mathematics.

Assessment is by a combination of structured essays, data response and multiple choice questions. Lessons will involve a combination of class discussions, note taking and independent research. The A examination comprises four themes: Introduction to Markets and Market Failure, The UK Economy – Performance and Policies, Business Behaviour and the Labour Market, A Global Perspective. They are assessed in three separate papers of two hours each and include multiple choice, data responses and essays.

1 Markets and Business Behaviour
An analysis of Market failure and government intervention. There is a close evaluation of Revenues, Profits, the Labour Market and Business Objectives.
2 The National and Global Economy
Themes include International Economics examining Development, Poverty and Inequality, the Financial Sector and the Role of the State.
3 Microeconomics and Macroeconomics
A final opportunity to put all elements of the A Level course together in a test of higher order, thinking and expression.

An A Level in Economics would qualify you to apply for degrees in Economics or many other Social Science or Commerce subjects. Likewise, it is a complementary humanity for Engineering, Medicine, or the Arts. Economics is a serious academic qualification recognised by all Russell group universities in the UK and is perceived by employers as a highly valuable body of knowledge and skills that can be applied to a vast range of employment opportunities.

With further training, you could go into a job related to economics, business, marketing, politics, finance and accounting, human resources and public relations amongst many other substantial careers.

Also see related pages: Curriculum and Prospectus