Level 3 AS/A2 Economics

Economics

AS/A2

This subject looks at the answers to issues in the news: Why is climate change such an important issue for the world economy? Is it acceptable that the richest 1% of the UK population owns 23% of the wealth? Should the Chancellor put more money into healthcare, education or both? What is a recession? How can it be avoided? If you’re interested in topical issues like these and have an opinion about the answers, then Economics is for you. Economics aims to give students a critical awareness of the economy and government policy in general.

WHAT’S COVERED?

At AS level the course involves a look at macroeconomic issues around current government policy as well as microeconomic issues, such as the environment and how markets work. At A level the two units cover business economics and the national and international economy, looking at the European Union or globalisation.

HOW WILL I BE ASSESSED?

At AS level this course is assessed by two exams each with a multiple choice test and a data response. At A2 level this course is assessed by an essay and data response.

ENTRY REQUIREMENTS

Standard entry requirements for level 3 courses apply. In all cases individual circumstances will be taken into consideration. Good English skills will help you with the data response and essay questions in the second year. Maths skills are essential in Economics, especially at university. Many students find that Economics complements Mathematics, Politics, Law or Science A levels very well and an interest in current affairs is particularly beneficial.

FUTURE OPPORTUNITIES

Economics provides a sound basis for career development in the fields of finance, management or accounting and forms a suitable stepping-stone to higher education courses as diverse as business, law or econometrics. A number of economics students have progressed to study the subject at Oxford and Cambridge University in recent years. Economics graduates can expect to earn more over their working lives than those in many other professions as they are currently in short supply.