Economics

Economics is about the impact of decisions made by individuals, households, firms and governments on the economy. It is a very highly regarded subject by both higher education institutions and employers and can lead to a wide range of careers as well as further study of economics, business, management or related subjects. It will help you to develop your capacity to think logically and you will learn how to use a set of analytical tools to understand how different people, firms and economies operate.

Economics requires a good level of numeracy (a minimum of Grade 6 in GCSE mathematics) but does not require a study of mathematics at A-level. The main skill that an economist needs is the ability to think clearly. You will learn how to analyse and interpret data accurately and to explain the data using economic concepts and theories. An ability to see how different aspects might interrelate is very important as is the ability to communicate logically in written and oral work. It combines well with a wide variety of subjects and the logical thinking required by the subject will stand you in good stead regardless of your ultimate career choice. The most important pre-requisite for success is being interested in the world around you.

What will you study and learn?

The course is divided into four themes. During each year of the course, you will study a macroeconomic and a microeconomic theme. You will learn how to use a set of analytical tools and models – an economist’s tool-kit – to understand how individuals, households, firms and whole economies respond to what is going on around them. Many issues of national and global importance are discussed and analysed using the tools you will build in your economist’s tool-kit.

Course content and examinations

Kingsley economics students study the Edexcel GCE Economics A specification.

Assessment is via 3 2 hour examinations at the end of the course. Paper 1 will focus on  Markets and business behaviour. Paper 2 will focus on The national and global economy Paper 3 will be on  Microeconomics and macroeconomics.

Where could the subject take you?

The skills you develop as a result of studying economics are very highly valued by employers and universities. Economics is a rewarding subject to study and is excellent preparation for those students intending to pursue further study in many subject disciplines but particularly those related to economics, maths, business, management, finance, accountancy or law.