WHY STUDY THIS COURSE?

Our Economics A-level enables students to acquire an excellent knowledge of trends and developments in the economy which have taken place over the past fifteen years and an awareness of how these have contributed to more recent economic developments. Students have the opportunity to explore the disagreements that exist between economists and current economic controversies. Economics helps students to develop the knowledge and skills needed to understand and analyse data, think critically about issues and make informed decisions, all of which are key life skills for their future.

What does this qualification cover?

Economics is the study of how people, businesses, and governments make choices—and how those choices shape the world we live in. By choosing A-level Economics, you’ll gain a clear understanding of the key issues and debates that affect our everyday lives: from the cost of living and government spending to global trade and the role of big businesses.

This course equips you with highly valued skills in analysis, problem-solving, and critical thinking. You’ll learn how to interpret data, weigh up arguments, and make informed decisions—abilities that are not only vital for success at university, but also for thriving in the modern workplace. If you’re curious about how the world works, enjoy debating current affairs, or want to understand the forces behind headlines in the news, Economics is the perfect choice.

What will I study?

Year 1:

In your first year, you’ll be introduced to the two core branches of Economics:

Microeconomics

• The study of markets and why they sometimes fail
• The economic problem and how resources are allocated
• Demand, supply and the price mechanism
• Production, costs, and revenue
• Competition, monopoly, and market structures

Macroeconomics 

• Measuring economic performance (growth, inflation, unemployment, trade)
• The circular flow of income and aggregate demand/supply
• Government economic objectives and policies
• The impact of international trade, the EU, and global events on the UK economy

Year 2:

In your second year, you’ll take your understanding further, developing a synoptic view by linking microeconomic and macroeconomic perspectives. You’ll evaluate policies, debate controversies, and form balanced judgements.

Microeconomics

• Consumer behaviour and decision making
• The labour market and wage determination
• Income and wealth distribution, poverty and inequality
• Market failure and government intervention

Macroeconomics

• National and international economic performance
• The role of financial markets and monetary policy
• Fiscal and supply-side policies
• Globalisation and the international economy

How will I be assessed?

Students will sit three examinations at the end of Year 13.

Paper 1 – Markets and market failure

Paper 2 – National and international economy

Paper 3 – Economic principles and issues

The exams are made up of 15 and 25 mark essays, as well as a selection of smaller written questions using diagrams and data.

All exams are worth 80 marks, are 2 hours and worth 33.3% of overall grade.

Where can this subject lead?

A-level Economics is highly regarded by universities and employers alike. It is excellent preparation for degrees in Economics, Business, Finance, Politics, International Relations, Law, and many more. Career pathways include banking, accountancy, government, management, journalism, consultancy, and beyond.

COURSE MATERIALS