Develop an understanding of economic concepts and theories through the study of current economic issues, problems and institutions.
A-Level Economics builds the knowledge and skills needed to understand and analyse data, think critically about issues and make informed decisions.
In year one you will examine issues like competitive markets and uncover the reasons why some markets fail. In year two you will expand on your existing knowledge, with further use of complex microeconomic models, such as monopoly and oligopoly.
- Average point score* of 4.5 or above, calculated from all GCSE subjects. Your point score MUST include at least five GCSEs at grade C/4 or above - including English Language or Maths
- If your English Language is a D/3, your Maths must be at least a C/4 and vice versa
- Grade A/7 or above in GCSE Maths
- Grade A/7 or above in GCSE English Language
What will I study?
- Theme 1: Introduction to markets and market failure
This theme specifically focuses on micro-economic concepts. Students will develop an understanding of: Nature of economics; how markets work; market structures; labour market and government intervention.
- Theme 2: The UK economy - performance and policies
This theme focuses on macro-economic concepts. Students will develop an understanding of: Measures of economic performance; aggregate demand; aggregate supply; national income; economic growth and macro-economic objectives and policy.
In year 2, students study themes 3 and 4. These themes enable students to build knowledge and understanding of core economic models and concepts.
- Theme 3 - Business behaviour and the labour market
This theme develops the micro-economic concepts introduced in Theme 1 and focuses on business economics. This theme will enable students to develop an understanding of: business growth; business objectives; revenues, costs and profits; market structures; labour market and government intervention.
- Theme 4 - A global perspective
This theme develops the macro-economic concepts introduced in Theme 2 and applies these concepts in a global context. The theme will enable students to develop an understanding of: International economics; poverty and inequality; emerging and developing economies; the financial sector and role of the state in the macro-economy.
Why should I choose USP College?
- Specialist tutors with degrees and post-graduate qualifications in the field of Economics.
- Opportunity to enter national competitions including essay writing competitions and trading games.
- You are advised to purchase an additional course textbook at a cost of £25.
- Trips/visits are generally local and require travel expenses only.
- Revision conferences have an entry fee of £25.
What could I do next?
You could progress on to a relevant degree subject at university. Compatible degrees include Economics, Maths, Accounting, Law and Business Management.
Possible careers include Stockbroker, Financial Advisor, Economist or Civil Servant. Former students are currently undertaking degrees in Economics at universities including Kingston University London and City University London. A number of former students have also secured successful careers with prestigious companies such as Shell, Clifford Chance and HSBC.