Economics A Level
Arguably one of the most important subjects of all, economics helps you understand more about how we need to make the best possible use of the world’s scarce resources and how the government endeavours to make sure that we are all as well off as possible. It’s a subject that will make you think and is respected by both employers and universities. Many people with a degree in economics move on to work in banking, insurance and law or begin work as a professional economist, advising big companies about their chances of success in the future! All of us come into contact with economics every day of our lives.
Students studying four A Levels will be expected to have a minimum of 6 GCSEs at grade 7, 8 or 9 including English Language and Mathematics at grade 6 or above. Students studying three A Levels will be expected to have a minimum of two GCSEs at grade 6 and three GCSEs at grade 4 including English Language and Mathematics at grade 4.
Economics has two major components: microeconomics and macroeconomics. Microeconomics looks at decisions that affect the individual, such as how much they earn and how they choose to spend it. Macroeconomics looks at what governments can do to help generate more money in the economy, to reduce the number of people unemployed and to encourage international trade. Some of the following topics are covered:
• Should Raheem Stirling be allowed to earn £200,000 per week whilst the poor in developing countries often live on less than $1 per day?
• Should the High Speed Link project go ahead or could the money be better spent on other things.
• Should the government raise the tax on petrol to help cut pollution and global warming?
• Why is China the fastest growing economy in the world and how will it affect me?
• Why is child poverty on the increase in the UK?
All assessment is completed via examination at the end of the two years. There are three exams of two hours which covers all areas of the specification (AQA). The exam format is a combination of multiple choice, data response and extended written question.
Enrichment and Work Experience
There is an opportunity to go on a trip to New York to develop an understanding of the global economy and the world of finance. We also run a debate club which encourages students to lead discussions and debate on economic issues. Trips to the Tutor2u sessions give a wider understanding of common economic issues.
Links with other subjects:
Economics can be studied with many other subjects. It goes particularly well with subjects including Politics, History and Business Studies. Those considering Economics at degree level often study Mathematics, although percentage calculations are about as hard as it gets at A level, for degree level. A high standard of mathematics is required, therefore students studying Economics without Mathematics A Level will also study Core Mathematics to support your studies in this area.
Future Career Opportunities
Future career opportunities are many and varied. The top Russell Group Universities recognise Economics as an ‘academic’ subject and therefore welcome this on an application form. Most employers see Economics as a good general degree and recognise that it is a subject that makes you think and challenges your ideas. It can lead to a variety of finance- based careers and former students have gone on to work in financial consultancy, investment banking, the legal profession, management consultancy, retail & distribution and journalism.
“If all economists were laid end to end, they would still not reach a conclusion” (George Bernard Shaw).
Why Study at BSFC?
At Bolton Sixth Form College you will receive a top quality learning experience in Economics. Results in A level Economics are consistently excellent. There has been a 100% pass rate at A Level every year since 1997. Students who succeed in this course have gone onto study it in some form at university, including Oxford and Cambridge.