Students will be expected to have met St Paul’s entry requirements of 2 Grade 5’s and 4 Grade 4’s. A minimum of grade 4 in English and Maths is essential for all courses.

Year 12

• Operation of markets and market failure. This area of study covers topics like the economic problem and economic methodology; price determination in a competitive market; production, costs and revenue; competitive and concentrated markets; and the market mechanism, market failure and government intervention in markets.

• The national economy in a global context. This area of study covers topics like measurement of macroeconomic performance; how the macro economy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts; and economic performance and macroeconomic policy.

Year 13

• Individuals, firms, markets and market failure. This area of study covers topics like individual economic decision making; production, costs and revenue; perfect competition, imperfectly competitive markets and monopoly; the labour market; the distribution of income and wealth: poverty and inequality; and the market mechanism, market failure and government intervention in markets.

• The national and international economy. This area of study covers topics like the measurement of macroeconomic performance; how the macroeconomy works: the circular flow of income, AD/AS analysis and related concepts; economic performance; financial markets and monetary policy; fiscal policy and supply-side policies; and the international economy.

Assessment Board:

At the end of the two-year course, you will sit three two hour written exams, each worth a third of the qualification. All three papers will include a range of question styles.

Our A-level Economics will help you develop a range of skills that will benefit you whether you decide to go on to further study or the world of work:

• analytical thinking

• manipulating and interpreting different types of information

• seeing the big picture

• communicating effectively

• using qualitative and quantitative data effectively.

The analytical, creative problem solving and decision-making elements of the course will support you in a range of subjects from history, politics and English, right through to maths, chemistry, physics and biology.

Studying A-level economics will help you develop transferable skills that prepares you for further study at university or transferring to the world of work. Suitable degree courses include economics degrees, applied economics degrees such as environmental economics, labour economics, public sector economics or monetary economics. Other degree options include business economics, econometrics or a business and management degree.

Economics students can follow a wide range of careers in industry, commerce, finance and the civil service. Roles in public and private sector include, Financial analyst, Economist. Investment analyst, Actuary, Government Officer and more.

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