Economics is the study of how people, organisations and communities make the best use of scarce resources. AS/A2 Level Economics helps to prepare young people for a range of interesting careers in many areas of business, finance, government services and professions such as teaching and law.
The aims of the current AS/A2 Specification in Economics should encourage students to:
- recognise the main economic problems and issues faced by society and to comment on these in a thoughtful and informed manner;
- develop an understanding of the complexity of economic behaviour and an appreciation of the inter-relatedness of the economic decision-making and activity of individuals, businesses, institutions, communities and governments;
- appreciate the contribution of the discipline of economics to understanding the wider environment and society in which they live;
- develop skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life.
Scheme of Assessment
The scheme of assessment of AS/A2 Level Economics has a modular structure.
- The AS award comprises three compulsory assessment units i.e. three modular papers; taken at the end of the Lower Sixth year.
- The A2 award comprises three compulsory assessment units i.e. three modular papers; taken at the end of the Upper Sixth year.
The content of the A2 specification builds on topics introduced throughout the AS year of study. The main topic areas included in AS/A2 Level Economics area:
- The Market Mechanism
- Market Failure and Government Response
- The National Economy
- Production and Competition
- The International Economy
- Economic Development and the Environment
- Financial Economics
Why choose AS and/or A2 Level Economics
- Economics is a subject which is relevant to many careers today.
- Economics provides the student with knowledge which is useful in a variety of contexts.
- Students undertaking AS/A2 Level Economics will be provided with opportunities to develop a wide range of skills, e.g. decision making, analysis and communication. These skills will prove very useful in later life.
- Economics is a very 'real' subject which relates closely to the world in which we live. Its practical application helps to motivate students and maintain their interest and enthusiasm for the subject during the two year period.