This is the subject for you if you are interested in businesses, consumers and government, and the way issues such as the environment, money and international trade impact on the world and its economy.

Year 12 Content
This year provides students with an introduction to the nature of economics and the role of the price mechanism in allocating resources. It analyses the nature of market failure, its causes and possible remedies. Students also learn about the key measures of economic performance and the main objectives and instruments of economic policy used by the government and the Bank of England to ensure a prospering UK economy.

Year 13 Content
The second year of this course requires you to apply the macro and micro-economic principles studied at AS. Students examine the role of pricing and the nature of competition between firms. Students look at the role of government intervention aimed at promoting competitive markets. Students also study how the UK economy can effectively compete in an international market. You will also develop a good understanding of the role of financial institutions such as the EU, IMF and the World Bank. In addition, you will look at the recent trends and issues in developmental economics such as canceling 3rd world debt and making poverty history campaigns.

Assessments
This consists of 4 written examinations. There are 2 exams in Year 12 and 2 exams in Year 13.

Entry requirements
Students require a minimum of Grade ‘C’ in GCSE Maths and English.

Career Progression
Economics is a popular ‘A’ level choice as it allows students to develop both their evaluative reading and writing skills and will allow access to a career in the Business World, Journalism or Finance and Teaching.