King James' School

Economics

What’s it all about? 

Economics is front-page news. In AS and A level Economics you will learn how to use the ‘economists toolbox,’ a set of skills and techniques which will enable you to analyse and debate headline issues in an informed way. Economics will make you stand out as an independent, critical thinker. As citizens, future taxpayers and voters you need to understand the ‘big issues.’ To do so, knowledge of economics is invaluable, many would say essential. 

There are 2 main areas of study: 

Microeconomics: How does a market economy work? What happens when markets fail? What determines how much we earn? Why do stockbrokers earn more than doctors? 

Macroeconomics: How can a government best manage the economy to achieve high employment, low inflation and economic growth? How does globalisation affect us? Can we solve world poverty? 

Exam and Assessment Information: 

OCR 

AS Level - H060 

Assessment is by 2 one-and-a-half hour exams at the end of the course. There is no coursework. 

A Level - H460 

Assessment is by 3 two-hour exams at the end of the course. There is no coursework. 

Exams consist of a mix of multiple choice questions, data responses and longer, essay-style questions at both AS and A Level.

To get started: 

Newcomers to the subject are welcome, it is not necessary to have studied Economics previously. Economics is an academic subject. Exam questions require you to analyse both written information and numerical data. A mix of short and longer essay-style answers are required. Quantitative skills, including ratios, averages, fractions and percentages, make up 15% of the overall marks at AS level and 20% at A level.

What next? 

Economics provides an opportunity to add breadth to any combination of A levels. It fits equally well with humanities, arts, sciences and modern languages.   Economics A level provides an excellent basis for any economics/management-related degree, and is also relevant to a wide range of careers, including law, finance, business, media, engineering and accountancy.  The skills and understanding you gain will prove valuable in virtually any career.

Our students say … 

“Economics is a challenging and interesting subject. It touches on everyday aspects of the current world and it is a useful subject for the future.”  Tallula Fortune 

“Studying economics means I understand issues that were just a meaningless blur before! It’s actually useful, which is why I strongly recommend it.”  Colm Johnson

There are aspects of this course that are mathematical, you may want to support this subject with a Level 3 Certificate in Mathematical Studies.  The details of this can be found on page 28.