Course Entry Requirements

GCSE grade 6 in Maths and grade 5 in English Language.

Introduction

Economics is the study of scarce resources and how those resources are allocated to various uses in a country, You will  develop your understanding of both economic and political concepts, theories and issues. You will Be able to critically evaluate national and global events and decisions that impact your life.

What you will study

  • Microeconomics: The study of individual markets with regards to prices, wages, profits and why government intervention is needed in some industries.
  • Macroeconomics: Studying national and global objectives such as inflation, unemployment, economic growth, trade and development.

Assessments

Three examinations at the end of year two.
Paper 1: Markets and market failure: 80 marks (33%)
Paper 2: National and international economy: 80 marks (33%)
Paper 3: Economic principles and issues: 80 marks (33%)

Course Support

  • Dynamic and engaging classes delivered by experienced staff
  • Regular assessments, feedback and progress monitoring
  • Revision classes, tutorials and lunch time drop in sessions
  • Bespoke revision videos and resources
  • VLE accessing all classroom materials and numerous super curriculum activities
  • ‘Stretch and challenge’ activities
  • Department ‘Careers wall’

Enrichment Activities

  • Weekly ‘Discover and discuss’ enrichment
  • Numerous trips, lectures and competitions
  • Pre-university Economics course at the University of Manchester
  • University ‘Subject tasters’ from Lancaster University Management School

Progression

A high proportion of A Level students decide to continue their study of the subject at a higher level. This is because degree courses in Economics and related disciplines are increasingly popular at a variety of Higher Education institutions. Related disciplines include Money, Banking and Finance, Business Studies, Sociology, Management Studies, Economic History, Politics. Economics also combines very well with Languages. Finally, Economics is a key component in the professional examinations for Accountancy, Law, Banking and Insurance.

Career Opportunities

Many students progress to Economics and related disciplines such as Finance, Banking and Accounting, Business Studies, Sociology, Management Studies, PPE and Politics. There are also an abundance of competitive degree-apprenticeships and progression routes into NGOs and the Civil service.

Further Information

Economics Course Leaflet

Exam Board Course Specification

 

What Our Students Say

Studying at Carmel has brought me a sense of freedom and independence that I have really enjoyed. I enjoy the freedom to choose when to study in the library and socialise in the communal areas. I have many lots of new people from different schools and have formed some really strong friendship groups. I have particularly enjoyed studying Economics because it has taught me about terms and phrases I heard of but never understood. For example, interest rates, economic growth, chancellor of the exchequer and inflation. There are lots of other examples of real-world scenarios we have linked theory to which makes in the subject very interesting. I would recommend it to others who are interested in the world around them and understanding political and economic decisions that impact them. I have been impressed with the support from all my teachers and PAT. They are extremely friendly and offer lots of support and advice. Speaking to the career’s advisor helped me explore possible routes I can take after my A-levels. Both a degree apprenticeship and university are possible plans at the minute.

Menura Salwatura (Cowley International College)

Economics Menura Salwatura