Economics
Overview
Economics, they say, makes the world go round. Few decisions are taken that are not influenced to some degree by economics. This thought-provoking course offers the opportunity to learn about the latest economic theory and practices in the context of different economic issues both nationally and internationally. It explores the role of government, producers and consumers and explains many of the issues and debates that feature in today’s news and society in general.
Course Outline
AS Level
Unit 1: Markets and Market Failure – an introduction to how the economy works, tackling questions like “How are prices determined?”, “Why are pop stars and footballers paid so much?” and “Should we be worried about the power of big business?”. We also consider some of the ways things go wrong in our economy - such as drug and alcohol abuse, misuse of the Internet, congestion on the roads, environmental pollution and queues in the Health Service - and what we do about such problems.
Unit 2: The National Economy – a study of the main economic concerns that people have, such as our standard of living, unemployment, inflation, taxation and interest rates.
A2 Level
Unit 3: Business Economics and Income Inequality – a detailed study of the role of business in Society, how firms work and their objectives, why income and wealth are distributed so unevenly, and the policies that Government introduces to create more fairness and justice.
Unit 4: The National and International Economy – a study of major world issues such as Natural Disasters, Global Warming, the Role of the EU, the Rise of China and India, and problems facing people living in developing countries.
Assessment
No Coursework
Examination (100%) – The two examinations in AS Economics each comprise 25 Multiple Choice questions, followed by a choice between two short case studies. The two A2 modules each have two sections. In Section 1 you choose one of two case studies, and in Section 2, one of three essay titles.
Examining Board – AQA.
Special Entry Requirements
None! An ability to analyse data and to express oneself clearly on paper is essential.
Prohibited Options
None! Economics goes well with all subjects.
Career and Progression Opportunities
A high proportion of our economists go on to study Economics or a closely related course at University. Popular careers include being a professional economist, Law, Accountancy, Marketing and Journalism. Economics is a qualification well-respected by employers.
Coursework
There is no coursework in A Level Economics. The two AS and two A2 end-of-module exams are based on straightforward case studies and structured questions. Our students like the style of these papers, as the questions are worded in a clear and simple way.
Teaching Methods
We are able to use the Internet, newspapers, magazines and television programmes as Economics focuses on topical issues and events. Lessons will utilise the ICT facilities in the classrooms, discussions, presentations, small group activities and independent research.
Course Activities
We invite leading economists to the College to speak to students on major issues in the news and of relevance to the examinations. In addition, students may, if they wish, subscribe to an Economics magazine, written especially for A Level students, priced at £12 for five issues and/or attend a day conference, usually priced £20 plus transport.
Our economics students also have the opportunity to carry out an Extended Project of their choice, which gives the opportunity to look at an issue in much greater depth. This additional qualification is viewed very favourably by universities and employers.
Other Information
None.
This information is correct for September 2012 entry.