Assessment Paper 1 Individuals, Firms, Markets and Market Failure
33.3% of A Level - includes the study of:
- How prices are set for individual goods and services
- How governments step in when the market fails to set an appropriate price for particular goods and services
- Production levels, costs, revenues and profit for companies.
Paper 2 The National and International Economy
33.3% of A Level - includes the study of:
- Unemployment and Inflation
- Economic growth and development
- Globalisation and trade
- Financial markets. Paper 3 Economic Principles and Issues 33.3% of A Level - synoptic assessment of all of the content.
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Entry Requirements
A minimum of five GCSEs at grade 4 or above, including English Language, plus Maths at grade 5 or above.
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What does the course involve?
Economics is a well-regarded academic subject and is highly thought of by universities. It leads to a variety of careers from banking and finance to journalism, politics, and NHS management. You will learn about the impact of economic decisions on individuals and countries, both in the UK and internationally. You'll learn how to analyse data, think critically about situations, and make informed decisions. Your experienced teachers will help you to make applications to top universities and to a range of fantastic apprenticeship opportunities.
- What caused the global financial crisis?
- Will government cutbacks affect economic growth?
- Why do we worry about the price of oil and petrol?
- How much income tax should people pay?
- How do firms decide what prices to charge?
You will:
- have the chance to attend courses and take part in competitions to boost your application to the top universities including Oxford and Cambridge
- experience lessons that relate to the real world and explain how economic theory relates to what you see on TV
- learn how to analyse data, think critically about situations and make informed decisions
- study an A Level which has been prepared in consultation with the top universities and employers.
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Additional Notes
Economics graduates are the highest-paid in the UK (Department of Education). Students continue to study a wide range of university courses, including Economics, Finance, Business and Law. Others progress to a wide range of Apprenticeships, including those in Banking and Accountancy.
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Further Information
Past students have attended the Villiers Park Inspiring 'Excellence in Economics' residential course. Students are encouraged to attend exam board revision conferences.
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What do I do next?
You can apply online via the APPLY button and then add an additional two or three subjects to make up your academic programme. You can also apply for a second, alternative vocational programme of study via a separate application. If after reading this factsheet, you are still undecided about the course most suitable for you, please drop into one of our open evenings, ring our Admissions Department on 01743 653111, or email admissions@scg.ac.uk