Economics
Economics is the study of how societies and individuals allocate the world’s limited resources amongst competing wants and needs. In a large part it is about how resources can be allocated to improve and maximise human happiness and welfare, fundamentally it is a moral subject, intertwined with politics and geography.
Key Stage 5 (A Level)
Exam Board and details: AQA Economics
Course Overview
The A Level Economics course is designed to enable students to apply economic theory to support the analysis of current economic issues. It is a course which will inspire and challenge students, developing their critical thinking, analytical and quantitative skills. Furthermore, students will learn to interpret and evaluate economic data to understand the interrelationships between microeconomics and macroeconomics, all the while applying their learning to real-world issues through excellence, empowerment, innovation and belonging. Opportunities are taken to extend students’ understanding and we have put together a suggested list of books for students to explore the subject further. In addition, there are copies of the Economic Review magazine in the library which not only extends student knowledge but also gives further exam advice.
How will students be assessed in A Level Economics?
There will be an end of unit assessment approximately each half term which assesses the key components of that unit and their ability to apply their knowledge. In addition to this, there are low stakes quizzes in lessons which allow students to recall and apply their knowledge.
The course is 100% exam:
Paper 1: Individuals, firms, markets and market failure
Paper 2: The national and international economy
Paper 3: Economic principles and issues