Economics

Economics teaches us about how to live successful lives, how to trade goods and services profitably, and how the government helps to generate wealth.  It helps us to answer questions such as…

  • How are prices of goods determined?
  • What should I do with my savings?
  • How can we reduce unemployment?
  • Why do exchange rates change?
  • What does the government do?
  • What does the European Union do?
  • Why are some companies so powerful?
  • Why do some countries develop faster than others?

Key Stage 5 – A Level Economics

We follow the Edexcel GCE Economics Specification

At AS Level, students study Unit 1 (Competitive Markets – How They Work and Why They fail) and Unit 2 (Managing the Economy).   Each unit is assessed by a written exam which lasts for 1 hour 30 minutes hours and comprises a mix of multiple choice questions, short answer questions and longer extended essays.

Those students who progress to the full A Level will also study Unit 3 (Business Economics and Economic Efficiency) and Unit 4 (The Global Economy).   Each unit is assessed by a written exam which lasts for 1 hour 30 minutes and two hours and 2 hours respectively.  For each paper, students must be able to think synoptically about the micro and macro issues affecting both the business and global economy.

All A Level Economics students will also visit the Bank of England.