Economics (A-level)
Studying Economics involves applying economic theory to support analysis of current economic problems and issues. This A-level encourages students to appreciate the inter-relationships between microeconomics and macroeconomics.
Course Summary
Course Information for Students
Who is this course for?
Studying Economics involves applying economic theory to support analysis of current economic problems and issues. This A-level encourages students to appreciate the inter-relationships between microeconomics and macroeconomics.
Entry Requirements
You will need at least five GCSEs at grade 4 or above, including English Language at grade 5 and Maths at grade 4.
A recent school report will be required which demonstrates a committed attitude to learning.
It is assumed that students enrol on a two-year A-level programme of study consisting of three or more subjects. However, students will be expected to demonstrate a committed attitude to learning and make positive progress in their first year of study.
What will you learn?
The operation of markets and market failure
- Economic methodology and the economic problem
- Price determination in a competitive market
- Production, costs and revenue
- Competitive and concentrated markets
- The market mechanism, market failure and government intervention in markets
The national economy in a global context
- The measurement of macroeconomic performance
- How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
- Macroeconomic policy
Year 2 will cover:
Individuals, firms, markets and market failure
- Economic methodology and the economic problem
- Individual economic decision-making
- Price determination in a competitive market
- Production, costs and revenue
- Perfect competition, imperfectly competitive markets and monopoly
- The labour market
- The distribution of income and wealth: poverty and inequality
- The market mechanism, market failure and government intervention in markets
The national and international economy
- The measurement of macroeconomic performance
- How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
- Financial markets and monetary policy
- Fiscal policy and supply-side policies
- The international economy
How will you learn?
This course will be delivered on-site at the Joseph Wright Centre.
What will you need to bring with you?
There are no additional costs. However, students will be supplied with a reading list.
How will you be assessed?
100% of this course is externally examined. This consists of three two-hour examinations of equal weighting at the end of the second year.
Where next?
Further Study
As well as being equipped to handle modern life with a broad knowledge of A-level Economics, you can consider a number of university choices and career options where having A-level Economics is preferable or, in some cases, absolutely necessary.
Your A-level Economics shows you have the ability to analyse and understand economic subjects, as well as having a sound financial knowledge and essay-writing skills.
Careers
Possible career choices A-level Economics can offer you include accountant, stockbroker, banker and online financial and business-related careers. However most of these require a higher level of education. Your A-level Economics can lead you to degrees in Economics, Business Studies, Social Sciences and Engineering.
Who do you contact for more information?
For more information contact Derby College on 0800 0280289 or enquiries@derby-college.ac.uk
Course Information for Employers
Information for Employers
Career Information
This course could lead to one of these careers...
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Course Information Last Updated On: October 12, 2021 2:44 pm
