What Board do we do?AQA
What is Economics?
Economics is the study of scarcity.As a subject, it is concerned with trying to get the most out of the limited resources that planet earth has, in order to best satisfy its population.The subject tries to answer three basic questions: What should we produce? How should we produce it?For whom should we produce?From these basic questions, the subject is developed, dealing both in scarcity issues on a small scale (microeconomics) and those on a larger scale (macroeconomics).
Which subjects combine well with Economics?
Economics combines well with Mathematics and Further Mathematics. It also complements Geography, Sociology, Psychology and Government & Politics.Students wishing to study Economics at Degree level may think of combining it with a science subject like Physics or Chemistry especially for applications to LSE.This demonstrates mathematical ability at this level.
What careers and University courses can Economics lead to?
A good grade in Economics at A Level is highly valued by universities and employers because it requires the student to develop a high level of critical thinking and analytical skills.Potential careers include banking, finance, accounting, financial journalism and practice as a private or public sector economist.However, it is an excellent subject for any degree as a high grade in Economics shows that a student has a wide range of skills which are very attractive to universities and employers.
AS
Syllabus code: 7135
AS Economics has two papers:
Paper 1:The operation of markets and market failure
Written Examination,1 hour 30 minutes,50% of qualification
20 multiple choice questions and one data response from a choice of two
Total 70 marks
Paper 2:The national economy in a global context
Written Examination:1 hour 30 minutes hours,50% of qualification
20 multiple choice questions and one data response from a choice of two
Total 70 marks
ALevel
Syllabus code:7136
ALevel Economics has three papers
Paper 1:Markets and Market Failure
Written examination:2 hours
One data response from a choice of two (40 marks) + one essay from a choice of three (40 marks)
33.33% of qualification
80 marks
Paper 2:National and International Economy
Written examination:2 hours
One data response from a choice of two(40 marks)+ one essay from a choice of three(40 marks)
33.33% of qualification
80 marks
Paper 3:Economic Principles and Issues
Written examination:2 hours
30 multiple choice questions and three questions on a case study (50 marks)
33.33% of qualification
80 marks
