Exam Board - Edexcel

 

What is Economics A level and why study it?

Economics is a subject for the inquisitive mind. Bringing together a variety of different subjects, Economics forms a bank of fascinating concepts and ideas that equip its students with the knowledge and skill set to gauge an understanding of, and make an impact on, the world we live in today.

 

The subject is divided into two: microeconomics and macroeconomics. Microeconomics is the study of individual markets and the behaviour of consumers and producers. Questions answered in this area of Economics include:

  • Why have food prices risen?
  • Should there be a national minimum wage?
  • Should governments provide free healthcare and education?
  • What determines the price of a good or service?

 

Macroeconomics, on the other hand, is the study of the economy as a whole, including concepts such as inflation, unemployment, and economic growth and international trade. Questions considered in this area include:

  • Why has unemployment fallen?
  • Should the Bank of England increase or decrease interest rates?
  • How are imports and exports affected by the value of the Pound?
  • How should the government use tax-payer’s money?

 

Economics is a challenging, theoretical subject which combines analytical thinking, mathematical problem solving and the opportunity to formulate arguments. It is a subject not only rich in content, but also in opportunities to develop a strong skill set and positive character traits.

 

Where next?

Economics is a subject that is well respected by both employers and top universities. Many students take A level Economics. Of this around 30% of them chose to do Economics at university. Economics at degree level can lead onto many careers in business, finance and political policy making.

 

What are the entrance requirements?

Grade 6 in GCSE English Language and Grade 6 in GCSE Maths.

 

Who do I contact for more information?

economics@isaacnewtonacademy.org