Economics Department

Art Department

Economics staff: Mr R Barron

Economics is the study of how scarce resources are allocated in a world of rising demand.  As a subject it takes in the recent turmoil of the financial markets, but also the long term economics of pollution, global warming and food supply amongst others.

At AS level students examine the concepts behind the way markets work and why they fail (microeconomics) and the way the national economy works and how governments try to manage it (macroeconomics).  At A2 the course is also split in two, with the microeconomics of the course focusing on business and labour activity, whilst the macroeconomic element is focused on the national and international economy with a particular interest in the EU.

Economics is a fascinating subject which provides new ways of looking at the world whatever students decide to do as a career. 

Students learn through analysis of theoretical problems and then explore the theory by looking at case studies.  Students are encouraged to put their ideas up for scrutiny by presenting them to the group.

You do not need to be studying A level maths to do economics, but you need to be comfortable with interpreting graphs and picking trends out of numeric data.  Much more important is an enquiring mind, which looks below the surface of why things happen and a keen awareness of current events.   To do well in Economics, students are encouraged to keep up-to-date with current events by reading a quality newspaper and watching current affairs programmes as well as reading the Economist (available in the school library).

Economics Key Stage 5

Sixth Form

Exam Board:  AQA

Specification: 1141/2141

AS: There are 2 exam papers ‘Markets and Market Failure’ and ‘The National Economy’, both are examined in June. In each exam students are expected to answer a combination of multiple choice and data response questions.

A2: 50% of the A2 mark is carried over from the AS mark. There are 2 exam papers ‘Business Economics and the Distribution of Income’ and The National and International Economy’.  Students are expected to answer a combination of data response and economic theory questions.

There is no coursework at AS or A2.