Economics will help you to understand more about the world we live in, it is about decisions made by individuals, businesses and governments and how we can make the best possible use of the world’s resources. It will provide you with a deep understanding of how the UK and International economies work and interact and the implications of government decisions. It’s a subject that will improve your analytical, evaluative and critical thinking skills and is highly regarded by both employers and universities.
Students studying three A Levels will be expected to have a minimum of two GCSEs at grade 6 and three GCSEs at grade 5/4, including English Language and Mathematics at grade 5/4 or above. Or eight GCSEs at a minimum of grade 5.
Economics has two major components: microeconomics and macroeconomics. Microeconomics looks at decisions that affect individuals such as how much they earn and how they choose to spend it. We examine individual markets such as the labour market, the market for oil or the market for soft drinks; we look into how these markets sometimes fail and the reasons why governments intervene with policies such as taxes, subsidies and legislation. 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 and we will look at the policies and tools the government can use to support the economy such as fiscal policy and monetary policy. 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? And, why do pilots ear more than teachers?
• Should the High Speed Link project go ahead or could the money be better spent on other things such as education and healthcare?
• Should the government raise the tax on petrol to help cut pollution and global warming?
• Is globalisation good for the UK?
• Why is child poverty on the increase in the UK and should the government increase or reduce taxes on the rich?
• How important are financial markets to the UK economy?
All assessment is completed via examination at the end of the second-year. 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 are opportunities to go on various trips and visits in order to gain a deeper understanding of the world in which we live. We also run a debate club which encourages students to lead discussions and debate on economic issues. Recent events include:
• Annual trip to the University of Manchester, experience a lecture and meet the Economics department and link to their access programme
• Trip to the Iraqi Consulate
• Trip to Jaguar Land Rover
• Guest speakers e.g. Deloitte, Bank of England, local Labour MP
• National essay writing competitions
Some universities will ask for an A Level in Maths in order to study Economics, however, many do not and the most difficult mathematical skill at A Level is being able to calculate percentage changes. However, for degree level, regardless of the university you might attend, a high standard of mathematics is required, therefore students studying Economics without A Level Mathematics will also study Core Mathematics to support you in this area.
“If all economists were laid end to end, they would still not reach a conclusion”, George Bernard Shaw. Economics offers a new way of thinking, you will see the world in a different way!
Links with other subjects:
Economics can be studied with many other subjects and goes particularly well with Politics, History, Mathematics, Accounting, Business, Geography, Law, Psychology and Computer Science.
Future Career Opportunities
Economics can lead to a variety of finance-based careers. Former students have gone on to work in financial consultancy, investment banking, accounting, the legal profession, management consultancy, retail, distribution, politics and local government as well as journalism. After university, economics graduates are on average, the second highest income earners nationally.
Why study at The Sixth Form Bolton?
You will receive a high quality learning experience in A Level Economics and results are consistently excellent. Students who succeed on this course have gone onto study it in some form at university, including Cambridge and Oxford and have also been part of The Sixth Form’s Honours Programme.
A Level Economics is regarded as a highly academic subject and is well respected by employers and universities alike. We have excellent links with prestigious universities and progression rates to higher education are high.
• Supportive department – additional tutorials, 1-1s, buddy system in place with second year students
• Interactive engaging varied lessons, homework’s never boring and likely to feature a little Netflix now and again
• Follow us on social media: Twitter - @boltonEconomics, Instagram - b6_economics
Some student quotes:
• Quickly became my favourite course because it’s interesting and it helps me see my environment and world from a different perspective
• I initially chose Economics as a filler subject but I’m leaving college with it being my favourite subject and I have even applied to do an Economics degree!
• I really enjoyed when group work was combined with creating a presentation, like ‘in the news’, as it took something that sparked my interest and deepened my understanding. The Manchester University trip was also very enjoyable and showed me several possibilities within the subject.
• I enjoyed the ‘In the news’ sessions and flipped learning as it was something new and something I’ve not done before. I also enjoyed the debates during the lesson e.g. on communism vs capitalism as they added more depth to my knowledge.