Entry requirements
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- Six GCSEs 9-4 (or A*-C)
- Two from English, Maths OR Science
- Two at least grade 6
Course specific requirements: GCSE Maths grade 9-5, WITH GCSE English grade 9-4
A Level Economics
- What is the future of work in a world of artificial intelligence?
- Should the uk rail industry be nationalised?
- What explains the stark and persistent divide between rich and poor?
- What can and what should be done about the gender pay gap?
- Who are the winners and losers from trade wars?
If answering these sorts of questions excited you, consider A Level Economics as a course choice.
Course Details
You will study four themes over the two years of the course, your knowledge of these will be assessed in three written papers. at the end of the course
Theme 1: Introduction to markets and market failure
Theme 2: The UK economy-performance and policies
Theme 3: Business behaviour and the labour market
Theme 4: A global perspective
Paper 1: Microeconomics (Themes 1 &3)
Percentage of total marks: 33.3%
Method of assessment: Written exam 2 hours
Paper 2: Macroeconomics (Themes 2 & 4)
Percentage of total marks: 33.3%
Method of assessment: Written exam 2 hours
Paper 3: Microeconomics and macroeconomics (Themes 1-4)
Percentage of total marks: 33.3%
Method of assessment: Written exam 2 hours
Exam Board: PEARSON
Skills
During the course you will develop your analytical and evaluative skills. You will learn how to interpret graphs and how to manipulate numerical data. In order to do well on the open response questions you will develop the ability to analyse competing arguments before arriving at an informed evaluative judgement which can be fully justified using the knowledge which you have assimilated over the two year course and the information provided.
Careers/Destinations
Many of our students leave college to take up places at Russell Group universities including Oxford, Cambridge and LSE with many Economics graduates gaining employment in commerce and banking (and some securing roles within the City of London itself).
Economics
Does Economics have any specific entrance requirements?
Economics has a requirement for students to have achieved at least a Grade 5 in their GCSE Mathematics. This is due to the high level of numeracy skills required in the subject.
Does it matter if I have not studied GCSE Economics before?
Very few students have studied Economics at GCSE before starting the A-Level course. There is no requirement to have studied it before.
The A-level in Economics does require a good understanding of current affairs and keeping up to date with the news to use relevant real-world examples in essay questions.
What work will be expected to complete outside lesson?
You will be expected to complete 4 – 6 hours of work for all subjects outside lesson per week. In Economics in addition to homework and preparation for tests, it is important that you devote sufficient time to reading about current affairs in order to improve your ability to apply the subject to the real world.
Is there a lot of Maths in A-Level Economics?
Around 25% of the marks awarded for the A-level course come from calculation-based scenarios. The A-level does require strong numeracy skills and a good ability to problem solve but does not overlap with Mathematics A-Level.
Do we have to write many essays in Economics?
Economics is an essay-based subject. More than 50% of the overall marks come from extended essay writing and expect analytical and evaluative skills and the use of economic models and diagrams. A good grasp of current affairs from the UK and
global economy will enable you to bring real-world context into
your writing, which is necessary in A-Level Economics.
Why should I study A-level Economics at Loreto?
Economics is a traditional, academic A-level, which gives students
excellent skills in terms of logical thinking, problem-solving and
analytical skills. Economics as a social science can be useful to show
a wide-ranging skills base when studied alongside other subjects.
Furthermore, each year we have a number of students who apply to
study Economics and gain places at universities such as Oxford,
Cambridge and LSE. If you study only sciences alongside Economics,
it demonstrates your ability to complete well-reasoned extended
writing. If you study only essay-based subjects alongside
Economics, it demonstrates your numeracy skills.
Are there any recommended resources to prepare for Alevel Economics?
It is essential to keep an eye on the news and current affairs to provide detail and real world context to your answers throughout the course. A Good website for prospective Economics is: www.freakonomics.com
Will I need to do A-Level Maths if I want to study Economics at University?
Not necessarily. However, to study economics as a BSc degree at a
number of Russell Group/Sutton 30 Universities you will be expected to
achieve a Grade A in A-Level Mathematics. This is due to the nature
of some Economics degrees, for example at Cambridge and LSE.