Skip to content ↓

What will I study in A Level Economics?

You may not have studied any business or economics-related subjects before, but that does not matter! If you are interested in current affairs and how the economy works, then this will be an interesting course for you. Economics is highly regarded by universities and employers alike. The subject content is a blend of mathematical and essay writing skills. The logic of the Economist is scientific but with an artistic twist. You will need strong mathematical and essay writing skills.

Year 1

Half Term Paper Topic
Michaelmas 1 Micro
  • Economic methodology and the economic problem
  • Price determination in a competitive market
  • Production, costs and revenue
Michaelmas 2 Micro
  • Competitive and concentrated markets
  • The market mechanism, market failure and government intervention in markets
Lent 1 Macro
  • How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
Lent 2 Macro
  • Economic performance
  • Macroeconomic policy
Summer 1 Both
  • The measurement of macroeconomic performance

Cosolidation and exam practice

Summer 2

Both

A2 Micro

AS Mock exam

  • Economic methodology and the economic problem
  • Individual economic decision making

One lesson each week will be dedicated to current economic events. This will be student led and you will be expected to bring in an article each week to share with the class.

Year 2

Half Term Paper Topic
Michaelmas 1 Micro
  • Price determination in a competitive market
  • Production, costs and revenue
  • Perfect competition, imperfectly competitive markets and monopoly
Michaelmas 2 Micro
  • The labour market
  • The distribution of income and wealth: povery and inequality
  • The market mechanism, market failure and government intervention in markets
Lent 1 Macro
  • The measurement of macroeconomic performance
  • How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
  • Economic performance
Lent 2 Macro
  • Financial markets and monetary policy
  • Fiscal policy and supply-side policies
  • The international economy
Summer 1 Both

Revision and exam practice

Summer 2

Both

Examinations

The second year builds on the first year. First year topics are re-visited briefly and then build on. The above is a guide. As the course progresses we may decide to alter the order of the topics.

There will be a full ‘AS’ style internal examination at the end of the first year. This will include 2 Papers:

Paper 1 : The operation of markets and market failure

  • What's assessed - Content 1 - 5 above
  • Assessed : 1 hour written exam worth 70 marks and 50% of the AS
  • Questions : Section A: 20 multiple choice queastions worth 20 marks. Section B: data response questions requiring written answers, choice of one form two contexts worth 50 marks

Paper 2 : The national economy in a global context

  • What's assessed : Content 6 - 9 above
  • Assessed : 90 minute written exam worth 70 marks and 50% of the AS
  • Questions : Section A : 20 multiple choice question worth 20 marks. Section B: data response questions requiring written answers, choice of one from two contexts worth 50 marks.

The examinations will be based on case studies, focus on longer questions and assume an understanding of current economic affairs.

At least 20% of the marks available for these examinations will be for mathematical questions. This could range from simple percentages and reading bar graphs to working out ratios and index numbers.

 

Where does A Level Economics lead?

The course can lead to studies at a higher level in the following subject areas:

  • Economics
  • Econometrics
  • Town planning
  • Development economics
  • Business management (or most business related courses)

Career options

Apart from being an Economist there are also options in accountancy, finance and general business. Increasingly there are options to do degree level apprenticeships with banks and accountancy firms as well as university degree courses.

Post-university employment rates and pay levels of economists are among the highest for graduates.