Economics A Level

Overview

The basic economic problem addresses how we can solve the world’s desire for unlimited needs and wants with the scarce resources available.  The A Level Economics course explores how governments, firms and individuals tackle this problem. Economics will give students the analytical and evaluative skills required to deal with a range of questions and issues that affect the world today.

Issues the course will consider:

  • Why does the price of petrol fluctuate?
  • What is the true cost of rising CO2 emissions and how can we solve the problem of global warming?
  • What will be the impact of Brexit?
  • What is austerity?
  • Why do footballers receive such high wages?
  • Why is education the solution to solving income inequality?

What goes well with this course?

  • Mathematics
  • Physics
  • Politics
  • History
  • Geography
  • Sociology
  • Psychology

Economics can be a useful subject for any student looking to improve their analytical and communication skills; its mix of essay writing and mathematical analysis provides a wide-ranging approach. 

Progression

A qualification in Economics is useful for many different career paths, including; Politics, Banking, Journalism and Business.

Economics is highly valued by employers who respect its rigorousness and the variety of mathematical and written skills it gives graduates.

Course Content

Microeconomics

Microeconomics examines the impact of decisions made by individuals and firms. This unit helps students understand the economic theory of supply and demand and how to apply this law to different markets.

It allows students to evaluate how well different economic theories explain our observation of economic agents such as individuals and businesses in the real world. It deals with issues such as environmental pollution and overconsumption of fast food.  The merits and drawbacks of government intervention are also discussed.

Macroeconomics

Macroeconomics allows us to understand how the economy functions on both a domestic and global level. It encourages students to adopt a critical approach to their study of government policy through development of their understanding of the limitations and conflicts which are caused by decisions regarding taxation and spending. There is also a study of the application of policy instruments such as interest rates and quantitative easing.

Themes in Economics

Economics is at the heart of a number of key issues that have faced our society and will confront our future, such as: What will become of the UK? How will the turmoil in the Middle East affect our day to day lives? Why is the government in so much debt?

Throughout the course, students will apply economic theory to a variety of issues, developing skills which will allow them to form their own conclusions about what is best for society.

Economics looks at the causes of and solutions to many of the issues in the news, such as the rising cost of living, unemployment and environmental problems, whereas Business Studies covers the practicalities of running a business.

In preparation for the first year of this course, please take a look at our Starting with Confidence leaflet, which will give you a head start when you begin the course in September.

Educational Experiences

Course Specific Trips, Visits & Experiences

Economics A Level students have the opportunity to take part in a variety of course related experiences. In recent years, these have included:

  • Shares4Schools: an eight month national competition in which students invest real money on the London stock market
  • Target 2.0: a competition that gives teams of students aged 16 to 18 the chance to take on the role of the Bank of England's Monetary Policy Committee

In addition to course specific experiences, students also have the opportunity to get involved in the College’s:

Activities Programme and Guest Speaker Programme.

Assessment

The course is examination based; there is no coursework. 

The exam board for this A level is AQA

Entry Requirements

All students need to have at least five GCSEs at Grade 4 or above (and a satisfactory school reference) in order to be accepted on an A Level/BTEC Level 3 Programme. 

In addition, students should meet the following minimum GCSE grades:

  • Maths at Grade 5 and English Language at Grade 5, or
  • Maths at Grade 6 and English Language at Grade 4, or
  • Maths at Grade 4 and English Language at Grade 6

Students should have an interest in issues affecting the UK and global economy and good general knowledge of current affairs.

Students should have an enquiring mind, enjoy problem solving and like working with others.

How to Apply

Applications for entry September 2018

The application form for the academic year 2018-2019 is available to download here.

Students from non-partner schools must return their forms directly to Reigate College, NOT their schools. All applications will be considered according the College's Admissions Policy.

Students from partner schools (Reigate, Warwick, de Stafford and Oakwood) should return their completed Partner Schools Application Form to their school. 

The initial cut-off date for applications for entry September 2018 is 1st November 2017. A student's chances of obtaining a place are higher, the earlier the application is made. Students who apply after 1st November 2017 will be placed on a waiting list.

Please see the Admissions timetable for information about the College’s enrolment process.

Download Course Leaflet

Download the A Level Economics information leaflet.

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