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La Retraithe Sixth Form

Economics

Studying Economics at the La Retraite 6

Exam Board: Edexcel

Entry Criteria: GCSE Maths Level 6

Why study this course?

Economics helps us to gain an understanding of how the world around us works from different perspectives. You will develop many interdisciplinary skills which you can use in other subjects and career paths such as analytical, quantitative, and problem-solving skills. You will also develop you cultural and commercial awareness as you look at economies around the world and how they operate.

Studying Economics can also lead to a wide range of career options including Accounting and Finance, the Civil Service, Consultancy, Policy Development, and finance related roles such as an Analyst, Broker, and Investment Banking. Economics also has good links with other subjects such as Maths, Geography, History, Politics and Psychology.

What will I learn?

Students will look at economic theory and study how and why individuals, firms and governments make the decisions they make and how resources are distributed. Students will also look at current world affairs and their impact on economies and different economic agents.  Topics covered include Behaviour economics which looks at the psychology behind our decision making, Financial Markets, and Development Economics.

How will I be taught?

Students are taught using individual and group activities, research tasks, application to economic theory through case studies and data response questions and external talks.

How many hours a week of private study are recommended?

Students would be expected to spend at least 5 hours per week completing independent study to consolidate learning for Economics.

You’ll enjoy this course if…

You are interested in the factors that drive the behaviour of individuals, firms, and the government and what is the impact on the economy and others as a result of their decisions. You will also enjoy studying Economics if you want to get a wider understanding financial markets, trade, how countries have developed and why there are persistent inequalities in the labour market, between regions and countries. 

Course description

The A-Level Economics course is split into the following sections.

Year 12

  • Theme 1 -This section looks at why economic choices need to be made, how markets work, market failure and government intervention.
  • Theme 2 – This section looks at macroeconomic concepts and the UK macroeconomic objectives and policies.

Year 13

  • Theme 3 - This section focuses on Business Economics, business objectives, market structures and the labour market.
  • Theme 4 - This section focuses on macroeconomics in a global context; topics include development economics and poverty and inequality.

Assessment

100% Exam Assessed

Paper 1: 

  • Markets and Market Failure
  • External written examination (33.3% of A Level)
  • (2 hours).

Paper 2: 

  • National and International Economy
  • External written examination (33.3% of A Level)
  • (2 hours).

Paper 3: 

  • Economic Principles and Issues
  • External written examination (33.3% of A Level)
  • (2 hours).