A-Level Economics (AQA 7136)

What does this course involve?

A level Economics aims to develop your appreciation for the contribution economics (as a social science) make to the understanding of the wider social environment, particularly how individuals, households and firms make rational and or irrational decisions when faced with choices concerning scare resources. You will be encouraged to challenge your view of the world around you as you develop into being a critical thinker. Fascinating concepts on opportunity cost, diminishing marginal returns, supply and demand, choice, externalities, multiplier effect, allocative efficiency and many others will be explored. Majority of the learners who study A-Level Economics go on to study Economics, Business and finance or Politics related degree at university. If you decide not to go to university you could go on to an advanced apprenticeship programme or gain employment in marketing, finance, human resources, administration, or politics.

How is this course assessed?

A level Economics is a two-year linear course. The learning material is split into micro-economics and macro-economics. Micro-economics focus on the operations of markets and market failure whilst macro-economics focus on national and international economy. Year one focuses on developing a sound grounding of both micro and macro-economics and Year two builds on many of these topic areas with much more sophistication and application to real-life scenarios. The final examination is taken at the end of Year two in the form of three written papers. The assessments take a holistic approach which means any of the three examination papers can assess you on any part of the course. There is no coursework completion.

External Assessment – There are 3 external examinations written at the end of Year 13. Each of these is a 2 hour written paper, weighted equally in deciding your final grade. Below is a summary of the assessment methods used:

Paper 1, 2 hours – Markets and market failure – Data response and essay questions

Paper 2, 2 hours – National and international economy – Data response and essay questions

Paper 3, 2 hours – Economic principles and issues – Multiple choice, case study, short answer questions and essay questions

Internal Assessment – You will be internally assessed throughout your course in a variety of ways including formal assessments that allow us to check your progress and offer tailored support to help you progress.

Enrichment

The department organises visits to local businesses, Worburn Safari trip and the Bank of England. We also provide the opportunity for students
to be part of the Young Enterprise Team.