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Economics

Economics

Image credit: William Warby

Course Delivery This course is delivered in collaboration with Ermysted’s Grammar School.
Entry Requirements There are no specific requirements that you need to meet in order to study Economics, although a grade 6 in Maths and English would be helpful, and a genuine interest in current affairs and politics is essential.

 

Is this course for me?

Economics is a social science. It is a study of human behaviour, looking at the production and consumption of scarce resources in national and international economies. Human nature is difficult to predict and notoriously capable of change and this makes Economics a particularly fascinating subject. Economists develop theories to understand how consumers, firms and governments are likely to behave in everyday life. We need to cover a wide variety of topics, including, but not limited to: 

  • Is the UK budget deficit worth the continuation of austerity?
  • Is the government right to cut working tax credits for people on low incomes?
  • Should benefits to the unemployed be cut?
  • What is the impact of a volatile pound and how does this volatility affect the UK?
  • What is unemployment, and what can we do about it?

All of these issues are taught in the context of relevant economic theory and students are encouraged to read as widely as possible around the subject to enhance their understanding and knowledge. We recommend that quality daily newspapers are read regularly.

Where can it take me?

There are many different career paths open to students of Economics. Students with an Economics background tend to be among the highest paid workers in the country.

  • Economists, statisticians and actuaries
  • Business management
  • Marketing and sales
  • Accountancy
  • Investment advisers and analysts
  • Journalism
  • Civil service
  • Banking and insurance

 

A Level Qualification Structure:

The new Economics Assessment includes three exam papers at the end of the second year (June 2017).

Paper 1: Markets and market failure; 2 hour written exam

Paper 2: National and international economy; 2 hour written exam

Paper 3: Economic principles and issues; 2 hour written exam

There is no external coursework. 

 

Please note: This course will be delivered in collaboration with Ermysted's Grammar School. Further details can be found at: www.ermysteds.n-yorks.sch.uk