What is Economics?
Economics is current, it’s modern and there has never been a more fascinating time to study economics. Have you ever wondered why governments put a minimum price on alcohol? Have you ever wondered why businesses charge a certain price for a product, e.g. 20p for a Freddo bar? Have you ever wondered why you make a certain choice, e.g. spend time studying or going out and socialising with friends? By studying Economics you will develop the knowledge to understand why these decisions have been made. Studying economics will incorporate both micro and macroeconomics. Microeconomics investigates individual markets and Macroeconomics is where you consider the economy as a whole.
Is Economics suitable for me?
Economics is a challenging but highly rewarding subject. Students who enjoy economics are ones who have the ability to solve problems, think critically and are able to evaluate various options to different economic problems. Students need to be aware of economics in the real world. Students with a keen interest in current affairs and news events will enjoy applying the theories learnt in class to the world around them. There are parts of the course that are more demanding than others, for example learning and applying different economic models to different situations. So having a mathematical approach to solving these problems will be needed.
How will I learn?
You will encounter a variety of teaching techniques in class. There will be a certain amount of formal teaching plus opportunities for you to work individually or in groups. On occasions you may be asked to work together to prepare a presentation for the rest of the class. Videos and newspaper articles will be used as sources for research and the basis for class discussion, looking for links between theories and current issues.
How will I be assessed?
AS assessment will consist of two exams. These will cover both Micro and Macro economics.
A Level assessment will consist of three exams. These will cover both Micro and Macro economics and Global themes.
If you go straight into work after A Levels, Economics is a very useful subject to have studied and is particularly desirable if you are contemplating a career in business administration, banking and financial work, marketing, computing, health or social welfare work or accountancy.
You can go to university to study Economics to degree level and the opportunities for professional economists are many. Economists are employed by the Civil Service, local government, banks and insurance companies, research organisations, stockbrokers and most large companies and management consultancies. Economics will be looked upon favourably as a sound and useful A Level subject by universities. It will provide a good foundation for students who pursue degree courses in related subjects such as Business Studies, Marketing, Management, Accountancy, Politics and Law.
In most years a number of students leaving Alton College go on to follow Economics degree courses and many go on to follow courses in related fields. They have generally found that having followed the A Level Economics course gives them a distinct advantage in the first year of their degree course.
Students should normally have achieved an A*- C grade profile at GCSE. For GCSE English and Maths where a new grading system has been introduced, a Grade 4 is equivalent to a Grade C. It is not necessary to have studied Economic at GCSE to take AS/A Level. You should have at least a Grade 5 in GCSE English.
You will need to have an interest in current affairs and political issues. You will need to read appropriate newspaper and magazine articles. Viewing appropriate television programmes such as the news, Newsnight, Panorama and the Money Programme will also provide valuable information and keep you up to date about the economy.
All students will be expected to provide their own textbooks, stationery, USB stick and calculators (where appropriate). Any further costs are outlined below:
OCR A Level Economics Book 1, Peter Smith, £24.99
OCR A Level Economics Book 2, Peter Smith, £24.99
If the costs of equipment, materials and trips may cause you financial hardship, you may wish to read through details of our financial support scheme on our website.
- Sixth Form Course: