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A LEVEL
               ECONOMICS






               OVERVIEW                           This is a fascinating time to be studying A level Economics. Recent events ranging
                                                  from the coronavirus pandemic, the climate crisis, the increasing role of robots and
                                                  Artificial Intelligence in the world of work and Brexit have brought a number of
                                                  changes to the economic landscape. Studying Economics will help you understand
                                                  many of these real-world events and enable you to discuss these important
                                                  economic issues. It will help you develop a critical, analytical approach, which will
                                                  challenge any preconceived notions held about how the economy works. It will
                                                  enable you to consider questions such as: Should interest rates be cut? Is Amazon
                                                  too powerful? Should the government spend even more money to help secure
                                                  steady growth in economy? Can the British Government continue to fund the
                                                  NHS? There are so many questions and so much discussion to be had.

               APPROACH                           Studying Economics involves investigating real-world economic issues such as
                                                  business decision making, world poverty and inequality, global recessions,
                                                  controlling inflation and reducing unemployment. Reading from high quality
                                                  media sources will be important, as will participation in the wide range of
                                                  extra-curricular activities offered by the department: for example, all Sixth Form
                                                  Economists are members of the Economics Society, offering them the chance to
                                                  hear the views of high-profile visiting speakers. Engagement in such wider learning
                                                  improves a student’s chances of success in the A level course. Throughout the
                                                  course you will be learning about the fundamental economic theories. These will
                                                  be explained by your tutor who will make use of excellent textbooks, apps and ICT
                                                  resources.

               COURSE OUTLINE                     The course will cover the following them

                                                  • Introduction to markets and market failure
                                                  • The UK Economy – performance and policies
                                                  • Business behaviour and the labour market
                                                  • A global perspective

                                                  Assessment is by examination only (there is no coursework). Developing an
                                                  understanding of the key economics diagrams, such as supply and demand, will be
                                                  vital to your enjoyment of, and success in, the subject.

               FURTHER INFORMATION                This Edexcel course is assessed by three 2 hour exam papers. Paper 1 is titled
                                                  markets and business behaviour and combines themes 1 and 3. Paper 2 is the
                                                  national and global economy which assesses themes 2 and 4, whilst paper 3 is a
                                                  synoptic paper covering all of the themes.
                                                  Economics is held in very high regard by universities and employers. Students
                                                  thinking of studying for a BSc degree in Economics must study Mathematics
                                                  beyond GCSE level. BA degrees in Economics do not always require Mathematics
                                                  beyond GCSE.

               ENTRY REQUIREMENTS                 GCSE Economics is not required.
                                                  A minimum of grade 6 (B) in Mathematics.
                                                  Grade 4 (C) in English is essential, grade 6 (B) is desirable.

               EXAM BOARD AND                     Edexcel Economics (A)
               SPECIFICATION                      Edexcel AS and A level Economics A 2015 | Pearson qualifications

               CONTACT                            Head of Economics
                                                  Mr R Hood
                                                  hood.r@millfieldschool.com










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