If you have a passionate interest in current news stories regarding economic issues and are interested in how they affect you, then Economics is the course for you. You will study microeconomics; you will learn to understand the actions of governments, individual firms and consumers. For example, have you ever wondered why the price of an Apple iPhone has increased? Or why governments continue to increase the price of a packet of cigarettes and why consumers will continue to buy them? Have you ever watched the news and heard a story about the rate of inflation falling, or GDP rising and not understood? By studying macroeconomics, you will gain an insight into how the economy is managed. This will include looking at how a change of inflation, national income, unemployment and international trade affect you. You will also gain knowledge in how to manage the economy by using monetary, fiscal and supply-side policies.
- Type of study
- Examination board
Availability & Details
Students should normally have achieved at least five GCSEs at grade 9-4.
You should have at least grade 5 in GCSE English. It is not necessary to have studied Economics at GCSE.
- Microeconomics: this unit looks at the supply and demand of both goods and labour. Have you ever wondered why a price of a Freddo bar keeps increasing? Have you ever wondered why Gareth Bale earns in just seven days what many of his fans will earn in an entire decade?
- You will also play the role of the government. Should the NHS be privatised? Should the government put a minimum price on alcohol?
- Macroeconomics: this unit looks macroeconomic issues, such as inflation, unemployment, exports and imports and how these indicators effect the UK
- Do you want to know how much influence the financial sector has on the UK economy? What is the role of the Bank of England? Is the HS2 a waste of resources? How much does the country owe and who do we owe the money to?
You will encounter a variety of teaching techniques in class. There will be a certain amount of formal teaching plus opportunities for you to work individually or in groups. You will also develop your verbal skills by preparing presentations for the rest of the class. Videos and newspaper articles will be used as sources for research and class discussions, with the aim for linking economic theory to current issues.
Paper one: Microeconomics
Paper two: Macroeconomics
Paper three: Theme paper
All students will be expected to provide their own textbooks:
OCR A Level Economics Book 1, Peter Smith
OCR A Level Economics Book 2, Peter Smith
Books cost £24.99 each
" I chose to study Economics because I felt that it is a really relevant, real-world subject that can easily be applied to everything happening in the news around us. Whilst in some ways it is a very technical subject, I enjoy the subjective analytical side as well where you evaluate the theory of economics to real-life scenarios."Holly Cove, previously at Eggar's School
"I enjoy the insight Economics gives me into the real world of business and economics and the emphasis on theory is great for challenging myself to learn and memorise more."Gabriella Till, previously at The Alton School