What will I study?
Developing an understanding of economic theory, you will investigate a range of broad economic issues and topics.
These include: how prices are determined in markets, the problems of providing public services such as the NHS and policing and how the credit crunch caused shocks to our economy. Further to this a high standard of English Language skills will be required to evaluate and analyse economic issues and individual's behaviour as well as being able to use maths skills to a high degree.
Here you will undertake a more in-depth study (at the 'micro' level) of the behaviour of firms and how they operate, the benefits of competition and what is behind the psychology of consumption patterns.
You will also examine a range of macroeconomic issues such as the arguments for and against increased social provision and debates surrounding appropriate levels of taxes. In depth analysis of the impact of China and the UK's decision to leave the EU will also be part of the focus.
Paper 1 Microeconomics: comprising one data response question from a choice of two and one essay from a choice of three titles (2 hours).
Paper 2 Macroeconomics: comprising one data response question from a choice of two and one essay from a choice of three titles (2 hours).
Paper 3 Synoptic: comprising of 30 multiple choice questions and an economic report (2 hours).
Grade 5 English Language. Grade 5 Maths.
Economics is a very challenging subject,
requiring a high level of academic study and benefits from an interest in
current affairs and the ability to express ideas clearly and fluently using
English Language skills. Often students
benefit from also studying Maths and Further Maths.
Useful Supporting Courses
other subjects, especially Maths and Further Maths.