Students will learn about how businesses interact in the market place, how
markets work and how the price mechanism effectively allocates scare
resources. They will also learn about how and why some markets fail. There is
also a substantial component looking at globalisation and its impact on
economies as well as the rise of China and India and what that means for
developed economies like the UK.
Assessment: Three exam papers, two hours each at the end of Year 13.
Skills required
- Active listening
- Critical thinking
- Speaking and writing skills
Entry Requirements
- Grade 6 in GCSE Mathematics
- Grade 5 in GCSE English
- Grade 5 in GCSE Business Studies (if studied at GCSE)
Units studied
- Micro-Economics
- Macro-Economics
- Business and Finance
Careers
An A Level in Economics with Business, will allow you to continue your studies at university. The subject is highly regarded by Russell group universities and complements very well with most A-Level subjects. Economics graduates can go onto pursue careers in accountancy, banking,
finance, and law.
Enrichment
A Level Economics students at Beckfoot can compete in the international Student Investor Challenge, prepare a mock budget and take part in the Bank
of England interest rate competition.