Economics
A level Economics equips you with the ability to think like an economist, apply concepts to real-world contexts, and approach problems with an enquiring and thoughtful mindset.
Why study Economics?
This course introduces you to key microeconomic and macroeconomic concepts that help explain the social and economic challenges faced by consumers, businesses, and governments today. You’ll gain an understanding of how economics contributes to our broader social and economic environment, while developing critical thinking and analytical skills.
What skills do you develop?
- Analytical thinking
- Data interpretation
- Understanding of markets and economic theory
- Logical argument
- Perhaps statistics
What careers can you pursue?
- Economics degrees,
- Finance/Banking
- Consultancy
- Public policy
- Business
- Actuarial roles
- Risk analysis
AS & A level components
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Unit 1: 15% Economic principles, written examination: 1 hour 15 minutes (Multiple choice/Short answer/structured questions)
Unit 2: 25% Economics in Action, written examination: 2 hours (Data response paper)
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Unit 3: 30% Exploring Economic Behaviour, written examination: 2 hours (Data response paper)
Unit 4: 30% Evaluating Economic Models & Policies, written examination: 2 hours 30 minutes (Essay paper)
Subject FAQ’s
Which examination board?
WJEC
Does the AS count towards the A level or is it a standalone qualification?
The AS qualification does count towards the A level. You will sit an AS qualification at the end of Year 12, which is worth 40% of your final grade.
How will you be assessed?
AS Economics
- Unit 1: 15% Economic principles, written examination: 1 hour 15 minutes (Multiple choice/Short answer/structured questions)
- Unit 2: 25% Economics in Action, written examination: 2 hours (Data response paper)
A Level Economics
- Unit 3: 30% Exploring Economic Behaviour, written examination: 2 hours (Data response paper)
- Unit 4: 30% Evaluating Economic Models & Policies, written examination: 2 hours 30 minutes (Essay paper)
