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Economics is a fascinating subject because it explores current economic news as well as assessing the impact of high profile events that have shaken the world economy over the last decade. It is the interaction of theory and real-world application that makes Economics a vibrant subject. Of course, Economics can also lead to an exciting career.
Economics is integral to day-to-day life, from the affordability of homes, the availability of employment and the structures created by governments to manage markets and provide essential services. This course will not only equip you with a detailed understanding of economic terms but will allow you to improve your existing mathematical, critical thinking and problem-solving skills. We will be applying theories to existing social, economic and political scenarios, so an interest in keeping up to date with current affairs is essential.
Five GCSEs grade 4 and above to include grade 5 in English and Mathematics.
In the first year, you will be introduced to microeconomics, looking at how markets work, how they can fail and what government can do to correct the failure. You will also study macroeconomics, which assesses the operation of an economy and indicators of economic performance.
In the second year, you will be building on your existing knowledge. You will analyse market structures, the impact of competition and the operation of labour markets. You will also further develop your macroeconomics knowledge, by focusing on international trade, globalisation and economic development.
Assessment will be at the end of the course.There are three exam papers, each of which are two hours long. The exams will consist of case study data, structured essays, data response and multiple choice questions.
Students have progressed to Higher Education to complete degrees in Economics, Actuarial Science, Business, Mathematics and Law. Options for progression also include Apprenticeships or employment in a relevant industry. Statistics show that the majority of Economics students obtain employment within six months of graduating.
