A Level Economics

Overview of the course

The A level Economics course covers both micro and macro economics. Economics is about the real world and the serious financing questions facing countries. Economics is less a body of knowledge to be learned than of a way of thinking that permits students to reach logical understanding in regards to the impact of developments in business, society and the world economy. Students will develop the ability to understand the decisions of households, firms and governments.  Economists develop models to help us understand how it all works and at A level, strong emphasis is placed upon the practical application of economic theory.

The course covers microeconomic issues such as how individual economic agents and individual markets allocate resources and we reflect on the relative efficiency of economic outcomes. A level also examines macroeconomic concerns such as the relative strength of economic performance, international trade and exchange rates and evaluating government intervention.

Since most of our students have never been exposed to Western economic approaches, emphasis is placed on sourcing suitable articles from newspapers, magazines and the internet to enable the students to develop their knowledge of economic events and how these are perceived and dealt with in different countries.

Classroom discussions and group work are also emphasised with the aim to develop in our students the ability to criticise effectively and constructively. Teachers need to enliven the academic study with practical and real world examples that stimulate discussion and constructive criticism and in so doing develop in our students the skills of analysis and evaluation.