Economics

Subject Leader: Mr Shute - mshute@tqacademy.co.uk

ECONOMICS CURRICULUM

OVERVIEW OF KEY STAGE 5 CURRICULUM

Course Title: A Level Economics

Examining Body: Edexcel

Course Lead: Mr Shute

Course description

Economics is sometimes known as the science of decision making. It helps us to make the best possible use of the world’s scarce resources. It plays a big part in politics and society and helps us to understand the decisions made by individuals, businesses and governments. You will study how the UK and international economies work and the implications of government decisions.

You will also study the psychology behind individual decision making. Economics will improve your analytical, evaluative and critical thinking skills.

What will I learn?

Microeconomics looks at decisions that affect individuals such as how much they earn and how they choose to spend it. We examine individual markets such as the labour market, the market for oil or the market for soft drinks; we look into how these markets sometimes fail and the reasons why governments intervene with policies such as taxes, subsidies and legislation.

Macroeconomics looks at what governments can do to help generate more money in the economy, to reduce the number of people unemployed and to encourage international trade and we will look at the policies and tools the government can use to support the economy such as fiscal policy and monetary policy.

Course structure

Component 1 - Introduction to markets and market failure

Component 2 - The UK economy – performance and policies

Component 3 - Business behaviour and the labour market.

Component 4 - A global perspective

Where could it lead?

Economics provides a set of knowledge and skills which can be applied to a wide range of practical fields. Those who

study economics can aspire to roles such as:

• Economist within a business or Government Department
• Taxation and accountancy experts Business managers
• Stockbrokers
• Journalists
• Management consultants Business analysts Actuaries and statisticians

CLIMBING THE MOUNTAIN TO UNIVERSITY

Top 5 UK universities to study Economics:

CAREERS INFORMATION

An A Level in Economics not only provides a solid foundation in understanding how economies function, but it also opens doors to a wide range of career opportunities in fields such as finance, government, and business. By studying Economics, students develop critical thinking and analytical skills that are highly valued in the job market, making them well-prepared for the challenges of the modern workforce.