The A Level in Economics is intended to give students an understanding of economic theories and concepts. It enables students to develop critical thinking of the current economic problems faced by a typical economy. Students are required to apply their economic knowledge to the various economic challenges within a country with a view of finding the best solution that will resolve the economic issue at hand.
The study of Economics usually gives students a global view of the world and how different governments approach their individual market economy while maintaining worldwide solutions to the problem of scarcity of resources.
The new AS/A Level specification is broken down as follows:
- Students can opt to take AS in the first year. There are two modules in the first year:
- Paper 1: Micro-Economics - The Operation of Markets and Market Failure
- Paper 2: Macro-Economics - The National Economy in a Global Context
- Students opting for a two year A Level will need to study three modules over the period as shown below:
- Paper 1: Micro-Economics – Markets and Market Failure
- Paper 2: Macro-Economics - National and International Economy
- Paper 3: Micro/Macro-Economics - Economic Principles and Issues