Economics A Level
Qualification: GCE A Level in Economics
Exam Board & Specification Code: AQA; 7136; Specification
Course Entry Requirements: 4 English Language GCSE and 4 in Maths GCSE.
Please make sure that you have understood the overall entry requirements to study at BHASVIC. These are available here and outline the GCSE grades you need to take up one of the Study Programmes at the college.
Length and size of qualification: 2 year single course
Timetable hours: 4.5 hours per week
Assessment method: 3 x 2 hour exams
BHASVIC Department: Business and Economics
What will I study?
You will study how economies allocate their scarce resources to meet the needs and wants of their citizens. You will learn about the economic problems which face individuals, firms and governments on a local, national and global level, and the alternative ways these problems can be resolved. Macro-Economics investigates the working of the whole economy; analysing possible causes of inflation, unemployment, and the effects of government intervention. You will also examine the complex interdependence between economies. Micro-Economics examines the way in which the price system of free enterprise economies allocates scarce resources. The new syllabus also includes concepts such as behavioural economics, which considers how consumers make decisions based on emotions rather than rationality, and the analysis of financial markets.
Is this course right for me?
Do you want to know why our Government makes certain decisions? Do you enjoy the challenge of debating both sides of an argument? Economics helps to explain a wide variety of real-world phenomena such as fluctuating economic growth and commodity prices, and is a highly valued and respected A Level. You should have an enquiring mind. For example, what are the effects of a falling value of the £? How effective are Government decisions designed to affect consumers’ choices such as taxing sugary drinks. There are a lot of new terms and theories so be prepared to learn what can appear theoretical! Economics is a method or tool for analysing decisions. You should be prepared to study independently because there is much to cover so you have to read and learn between lessons. Showing genuine evaluation requires deep understanding. Students who enjoy and understand the logic of Maths will find a parallel in Economics and Maths is a prerequisite for many Economics degrees. Due to its breadth of relevance Economics complements any subject.
Economics students have many opportunities. Many go straight into jobs in the banking and finance sector, but an A Level in Economics can also lead to a range of occupations in the business sector, from HR to Marketing, where students need an understanding of the economy. Skills that can be obtained from studying Economics include, problem solving, innovation, analytical understanding, confidence with numbers, and economic awareness. Students can also go on to university to study Economics and many related degrees. Careers that may follow from this include Actuarial Analyst, Chartered Accountant, Data Analyst, Economist, Financial Risk Analyst etc. Jobs where an economics qualification would be useful include Actuary, Civil Service Fast Streamer, Data Scientist, Local Government Officer and Quantity Surveyor. Useful websites to research careers and wider progression options could include Royal Economic Society, Target Jobs, All About Careers and The Apprenticeship Guide.