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Economics


Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. Microeconomics examines individual firms and markets, whereas macroeconomics allows students to understand those choices made by society in general and their contribution to the wider economic and social environment.

Students will develop an enquiring, critical and thoughtful 'economist's mind', and practise skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult working life.

Economics is a subject that is affecting us all in the current economic climate and studying this A Level will help students to understand the problems faced by our economy and the potential solutions available. 

This course is structured into four themes: Introduction to markets and market failure, The UK economy – performance and policies, Business behaviour and the labour market, and A global perspective.


Exam board: Edexcel12 05 2015 twynham hi res full size image 85

Essential Entry Requirements: Standard Sixth Form requirements with grade 7 in GCSE Mathematics.

Extra-Curricular Opportunities: Students will have the opportunity to attend a trip to the Bank of England and partake in the National Share Centre competition by investing £2,000 in companies listed on the London Stock Exchange. There is also a bi-annual Economics trip to New York.

Economics Pre-Course Material

Assessment

Paper 1: Markets and business behaviour – 35% of the Qualification
Paper 2: The national and global economy – 35% of the Qualification
Paper 3: Microeconomics and macroeconomics – 30% of the Qualification

Additional costs

We provide:  In class access to:-

Economics (Year 1 and 2): Alain Anderton ISBN 9781447990550

If you want copies to work at home these will need to be purchased.


Other costs:  To be met by students

  1. Subscription to the Economics Review at a cost of £15 per annum.
  2. My revision notes: Edexcel A-level ECONOMICS ISBN: 9781471842139 £15
  3. Free Tutor2u resources available: https://www.tutor2u.net/economics

The Bank of England trip will cost approximately £30.