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Economics
What is this course about?

Economics is the study of how society produces, distributes and consumes resources and wealth. It tries to give an explanation to the reasons why we make and buy different things, and also how the government manages and runs the economy. It helps to make sense of our role as consumers and producers. It answers all the following questions and more:

Why do we buy and sell the things we do? What influences our decisions?
How do firms decide what to produce?
Why do we import and export?
How does the economy of the country work? How can we measure it?
What do Inflation and Economic Growth mean? Are they good or bad things?
What is the role of the government in all of this?

What topics will I study?

Unit 1: Markets and Market Failure
You will learn about the concept of the market and its workings. Explains how successful markets are and what can be done to make them work more effectively for everyone involved in them


Unit 2: The National Economy
In this unit you will learn how the economy of the country works and understand the aims, objectives of the government and methods they employ.

Unit 3: Markets at Work
This unit takes the concepts and materials learnt in Units 1 and 2 and applies them to study of a specified context. You will learn more about how economics works in the real world

How will my work be assessed?
  • Units 1 & 2 consist of multiple choice and data response questions.
  • Unit 3 is a data response paper.
  • Unit 1 is taken in January.
  • Units 2 & 3 are taken in June
Frequently asked questions

What are lessons like?

A variety of teaching and learning styles will be employed in the delivery of the course. The majority of this will take the form of formal teaching and group exercises to encourage discussion and explanation of economic issues. In addition to this students will be expected to undertake background reading and research and also to take an interest in current affairs as they affect the subject. An opportunity is normally available to attend an Economics conference in London. You will be invited to attend study trips both overseas and in the UK.

What do people do with AS level Economics?

Economics fits in well with almost any choice of other ‘AS’ Level subjects and is a highly regarded academic subject leading to Higher Education in a variety of disciplines. It helps develop a broad understanding of contemporary issues relating to all aspects of work and is a flexible and relevant choice for all careers in particular those in business, management, finance, politics and law.

Are there any special entry requirements?

There are no specific entry requirements other than the normal College requirements for advanced courses. Although the subject assumes that students may have no prior knowledge of Economics it will be an advantage to have an interest and knowledge of issues affecting current affairs. A willingness to investigate and participate in discussions is also desirable. The ability to write fluently is also important.


AS/A Level Courses
A Level is split into two parts:

AS and A2 but there are a few subjects in which only an AS qualification is available or in which the College is offering only the AS qualification.

AS courses are usually made up of three units each. Unit examinations can be taken in January and in June but subjects vary in when exams are taken. Often one unit takes the form of coursework. It is possible to re-sit AS units, the best marks count towards the final AS grade.

AS qualifications are graded A – E (pass) and U (fail).
AS also provides opportunities to develop key skills

AS qualifications provide useful ways of broadening your studies for a one year period or of providing additional challenges. Breadth of study is valued by universities in selecting candidates.

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