A Level: Economics

Economics is a highly valuable, academic subject for those who have an interest in what's happening in the world around them. This course intends to blend theory with real-life application in the search for better ways to manage our economy, resulting in a more equitable society.

Year 12:

In your first year, you will develop a strong understanding of both microeconomics and macroeconomics. Microeconomic topics include: the basic economic problem, price determination in competitive markets, production, technological change, market structures (perfect competition, oligopoly and monopoly), market failure and government intervention.

Macroeconomics topics include: government objectives, measuring macroeconomic performance, theories and models of the economy, economic issues (inflation, unemployment, economic growth), monetary, fiscal and supply-side policies.

Year 13:

The second year builds upon the economics already learnt in your first year, considering economic concepts and theories in greater depth and integrating understanding across topics.

Additional topics include: competition policy, labour markets, poverty and inequality, financial markets, globalisation and international trade.

Three x 2 hour exams (33.3% each).

Paper 1 Microeconomics - Data Response and Essay

Paper 2 Macroeconomics - Data Response and Essay

Paper 3 - Synoptic Paper - Multiple Choice and Report

Minimum Entry Requirements

• All Loughborough College Sixth Form courses have minimum entry requirements of at least five GCSEs at grade C/4 or above, including English Language and Maths.

Subject Specific Entry Requirements

• GCSE English Language and Maths at grade 5.

Economics is widely accepted as a challenging and rewarding A Level. Upon completion of this course, you will be prepared for further study at university or be ready for the world of work.

Students that have gone on to study economics at degree level have typically found employment in sectors including finance, charitable and not-for-profit organisations, consultancies, insurance and accountancy firms, government departments and think tanks.