Economics A-Level (Edexcel)
Economics is the study of a fundamental question which affects us all: how should we allocate our scarce worldwide resources between our many competing needs and desires?
The course comprises: microeconomics and macroeconomics. Microeconomics is the study of how individuals and firms make decisions about how to use the resources available to determine which goods and services to produce or consume, and the corresponding price(s) to charge. Macroeconomics considers fundamental questions about the economy as a whole. We analyse important current affairs topics such as: inflation; unemployment; economic growth; globalisation; poverty and inequality; exchange rates and environmental issues.
Economics gives you an insight into how important decisions are made which affect everyday life. You will gain an appreciation of issues of national and global importance, and you will become aware of key financial decisions which affect us all. The skills you gain will enable you to follow political and business events with greater understanding and, as a result, you will be in a position to make more informed political and business decisions. It is important that you are keen to learn about current affairs and that you take an interest in world events.
Unsurprisingly there is very high demand for Economists across all disciplines both in the UK and worldwide. Economics A level is accepted by all universities and colleges of higher education. It has a great appeal in its own right, but can also be combined with other higher education courses such as: business studies, law, history, management, politics, philosophy and economics (PPE), European studies and many others. Economics is an essential qualification in many careers including, for example, banking, accountancy, insurance, finance, business management, public sector and the third sector.
You should be on track to achieve a minimum of 5 GCSEs at grades 4 - 9, including a grade 5 in maths and English. The economics course demands considerable analytical and essay skills, and the ability to critically evaluate a wide range of economic information. You should have an interest in current affairs, including economic and political issues, and enjoy serious discussion and debate.