What’s it all about?
A Level Economics will give you an excellent understanding of how economies allocate their scarce resources to meet the needs and wants of their citizens. You will develop a greater understanding of the economic problems which face individuals, firms and governments on a local, national and global level and the alternative
ways these problems can be resolved.
You will investigate microeconomic topics such as how individual decisions impact economic outcomes, the importance of competition, how markets operate and why they fail and how the distribution of income and wealth is affected. At the same time you will learn about macroeconomics, looking at the ‘big picture’ of how our national economy fits into the global context, the global impact of financial markets and monetary policy and the operation of the international economy.
What skills will I need to be successful?
Numeracy is a key skill for an economist as is being a curious, independent thinker. You should have good verbal and written communication skills and be good at understanding complex systems. You should also have an interest in social sciences, economics is about both numbers and people. Comfort with uncertainty is a plus, we won’t always find a clear and unambiguous answer.
Where can it take me in the future?
An A Level in Economics will benefit you if you are looking to go on to study economics, business or finance at university. The skills you acquire will help you no matter what degree course you choose. You may choose to pursue a career in a directly related field such as banking or finance. The A Level course in Economics will stand you in good stead by giving you an insight and understanding of the economic forces that impact your day to day activities. Alternatively, you may decide to follow a career path which isn’t directly related to your course of study. The analytical and evaluation skills that you will have developed will be useful whatever path you choose in the future.