With the state of the world economy in 2020 there has never been a more interesting time to learn about economics. The real world is what economics is about, how nations trade, why nations trade and why do nations compete in the international arena. A level Economics investigates how firms compete, how countries compete and looks at why some industries are more profitable than others. It asks questions of our economy and looks at how money is made and where it is spent.
Students are encouraged to develop the skills and knowledge needed to understand and analyse data, think critically about issues and make informed decisions. Skills that can be taken into higher education or the world of work. Many people go onto work in banking, insurance, accounting or law.
Lessons are taught in a variety of ways and students are encouraged to work individually and with others to develop an analytical and evaluative style that helps them to think critically about issues, and from it make informed decisions.
Students will build upon their quantitative skills and appreciate that, when evaluating arguments, both qualitative and quantitative evidence are important.
The course and its content
· Economic methodology and economic problem
· Price determination in a competitive market
· Production costs and revenue
· Competitive and concentrated markets
· The government intervention in markets
· The measurement of macroeconomic performance
· How the macro economy works
· Economic Performance
· Macroeconomic policy
The Academy’s general entry criteria of a minimum of five 4s at GCSE apply, including English Language and Maths.
Money makes the world go around. It plays a big part in politics, society, law, geography, and almost everything else in life. Understanding how people, companies, and countries control their money is one of the most valuable skills to any employer.
But, economics is much more than pounds and dollars. It’s a fascinating study of psychology, of why people make the decisions they make, and how resources are spread out around the world. Economics is studied in two main strands:
Microeconomics is the study of how individual parties (people, groups, and businesses) use their wealth.
Macroeconomics looks at entire economies. The unemployment, inflation, and monetary challenges of cities, countries, and continents.
Economics is a huge subject. It teaches you so many interdisciplinary skills that you’ll be an attractive applicant for almost any job, in any sector. The 96% of graduates who are in work or further study can expect to be earning around £26k in their first position.
As so much of economics is based in business, and so much related to the wider world, many degrees offer the opportunity to spend a placement year in industry – sometimes abroad. This kind of experience is extremely attractive to governments, banks, and international companies.
Some modules you may study are:
Money and banking
Perhaps the most obvious career choice, becoming an economist, involves a deep understanding of how various issues relate to each other. As a kind of consultant and researcher combined, economists are hired to advise on the impact of changes in anything from healthcare to education, business to energy, and law to the environment.
Of the hundreds of other jobs an economics graduate might apply for, these include accountant, banker, actuary, political adviser, analyst, insurer, statistician, and many more.
An economics degree can lead to hundreds of different careers, with the most common being:
It will also put you in good stead for a career as: