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A-Level Economics

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Why study Economics?

Exam board and specification codes: OCR H460

The study of Economics will provide students with a wide range of transferable skills which are highly prized by both universities and employers. A typical class will examine issues such as Economic Growth, Inflation, Unemployment, International Trade or the European Union Single Market. You should study this subject if you enjoy asking questions and understanding how the world works.  

A recent study showed that Economics Graduates have very low levels of unemployment and high levels of earnings. Students’ of Economics will develop their analytical, numeracy, evaluative and reasoning skills. Above all, Economics is an entirely relevant qualification for the modern world.

Lessons typically, involve investigating contemporary issues from an Economic perspective and will suit students’ who enjoy discussion and developing their written and analytical skills. Economics at Advanced Level is a highly respected qualification, which will enable students to progress to a variety of degree programmes at prestigious universities.

What is covered by the course?

The course comprises three key areas of study: Microeconomics, Macroeconomics and Themes in Economics. The aims of the course are to encourage students to think as economists and develop their skills as independent learners, critical thinkers and decision makers. Students will develop skills relating to analysis, evaluation and quantitative methods.

The course encourages students to apply the concepts and techniques which they have learned to a range of ‘real world’ issues and contexts. Students will be able to explain, analyse and evaluate the strengths and weaknesses of the market economy and the role of government within a market economy. Students will understand and appreciate the strengths and limitations of economic models.

How is it examined?

Students will sit three examinations at the end of the course:

Microeconomics - 2 hour written paper, 80 marks

Macroeconomics -  2 hour written paper, 80 marks

Themes in Economics - 2 hour written paper, 80 marks

Related university courses and careers

A Level Economics provides an excellent foundation for students wishing to study Economics and Business related subjects at university.

Students of Economics have a wide range of career choices available to them. These include working in both the public and private sectors. Economic students can be found in Banking, Financial Services, Government and a wide variety of professional environments. Economic students have a range of transferable and marketable skills, which are very attractive to a wide range of employers.

Suggested reading

'The Return of Depression Economics' by Paul Krugman

'Globalisation' by Joseph Stiglitz

'Free Lunch' by David Smith

'The Black Swan' by Nassim Taleb

'The Big Shor't by Michael Lewis

'The Undercover Economist' by Tim Harford

'Freakonomics' by Stephen J. Dubner and Steven D. Levitt

'Economics: The User’s Guide' by Ha-Joon Cheng

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