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Why study Economics?

Economics examines one of the fundamental issues facing society today: the problem of how human and physical resources are developed and employed to produce the goods and services needed for survival, comfort and fulfilment. So it studies how scarcity, choice and the behaviour of households, companies and governments affect every aspect of our lives, as well as how these decisions impact society and the environment.

Studying economics will help you to understand the real world and interpret the stories behind the headlines:

  • Why do energy prices keep rising?
  • Why does the government have so much debt?
  • Why are some people unemployed?
  • Why are some firms successful while others fail?
  • What can the government do to promote growth?

Economics helps you understand more about the world around you and why humans make the choices they do.

The course will teach you to analyse and logically evaluate economic models and data while equipping you with an in-depth understanding of major topical economic, political and social issues.

You will have the opportunity to take part in competitions such as the Business, Accounting and Skills Education (BASE) national business competition and the Institute of Fiscal Studies’ student investor challenge, as well as the Royal Economic Society’s essay competition. Many Economists also choose to get involved with Young Enterprise.

At A-level, Economics can be combined with any other subject, although to study it at university Mathematics A-level is often also required. Economics equips you with the skills to embark on many different careers, including a wide range of careers in the financial sector (from banking to accountancy or actuarial work), in law or in government. 

What will I study? How will I be assessed?

AQA A-level economics consists of:

  • Unit One: Individuals, firms, markets and market failure.
  • Unit Two: The national and international economy.
  • Unit Three: Economic principles and issues.

Assessment is by way of three externally set examinations at the end of the two-year course. There is no coursework.