Economics A-Level, EdExcel Specification B

Economics will help students to understand the decisions of households, businesses and governments when allocating scarce resources. It looks at the production, consumption and sale of goods and services at both the level of individual firms and consumers (microeconomics) and the total production and consumption by countries (macroeconomics). The Economics B course takes a distinctly different approach to other Economics courses, with concepts and theories taught through real business contexts. Economics is interesting and relevant as it closely linked to the real world. Read any newspaper and economic issues will be at the heart of many articles, particularly in view of the challenges facing the UK due to BREXIT and the global slowdown in economic growth.

How can Economics contribute to a future career?

Economics is recognised by the Russell Group Universities as a preferred A-level and suitable higher education courses might include a range of Economics or Business related degree courses. It can lead to careers in a wide range of professions including banking, accounting, insurance and other financial services. It can also lead to a career in the public sector, as an understanding of economic principles is important to ensure the efficient allocation of public resources. Economics also provides grounding in many skills such as literacy, numeracy, data interpretation, analysis and evaluation, which are valued by a range of employers.

Course of Study

Four themes are studied:

  1. Markets, Consumers and Firms
  2. The Wider Economic Environment
  3. The Global Economy
  4. Making Markets Work

How is this course implemented?

While the specification is closely followed to ensure all Economic theories are learned, this subject relies heavily on current economic and business stories in the media, which provide interesting and relevant support to the concepts covered in the course and will help students to apply their knowledge. Throughout the year regular revision sessions and tests will take place to ensure content is understood, and essay questions are set for homework to develop the skills of analysis and evaluation.

How is this course assessed?

The Economics A-level is a two-year linear qualification and is assessed externally through three two-hour exams. Paper one is based on content studied in themes 1 and 4. Paper two is based on content studied in theme 2 and 3. Paper 3 is based on a pre-released research task and content may be drawn from any area of the specification. There will be a range of data response and essay questions.

 

Contact Mrs. Sue Hutton, Head of Business and Economics for further information sue.hutton@parkschool.com

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