Economics

Economics Head of Department: Mr Kendall (kendallj@ashfordschool.co.uk)

Why Study Economics?

In Economics you will study some of the essential elements of how a society works; the creation of wealth and its subsequent distribution, both within an economy and on a global scale. The subject will offer insights into individual psychology, group reactions to certain economic situations, and the responses of organisations.

As a social science subject Economics attracts students who are studying both mainly arts and mainly science A Levels. It is of value to students looking to broaden their curriculum, and to any student wishing to further their understanding of the world.

Course Outline

The broad topics studied are: • Markets and market failure • National and international economics • Economic principles and issues

The skills you should acquire will be transferable to all aspects of learning. You will understand and analyse data, think critically about issues and make informed decisions. You will learn to look at both quantitative and qualitative information when making decisions. The subject offers many opportunities for discussion, and your views will always form a valued basis for gaining a clearer understanding of the issues involved. You will deal with issues as far ranging as extreme poverty in the world and the possible consequences of the UK’s decision to leave the European Union.

Beyond A Level

Economics is a long-established degree subject at all universities. It can be taken as a single honours subject or combined with other subjects in a joint honours course. Courses range from the highly mathematical Econometrics to courses which incorporate more of a social science approach. It is a subject often taught as an element of other social science courses; it may also be part of an Engineering degree. Economics is not always specified as a requirement for a degree course, but we highly recommend that students study the subject at A level before studying at degree level. Career opportunities for students with an Economics degree are many and varied within business, the Civil Service, journalism, education, and other areas. Economists hold high profile jobs in the City and in major corporations, where their planning and analyses go highly rewarded. A recent review of graduate salaries indicated high earnings potential for graduates with an Economics degree.

Preferred Entry Requirements

Assessment is via essays and structured questions relating to stimulus material which can contain text and/or numerical data. It is therefore essential that you are well qualified in both English (GCSE Grade 6 or higher) and Mathematics (IGCSE Grade 6 or higher).

Technical Details

Exam Board

Qualification Type

Course Title

Specification Code

External Exams (end of Year 13) Coursework AQA A level Economics 7136

Number Duration Weighting (% of total A level) 3 2 hours each 33.3% each