Curriculum Leader

Mrs E Perren

Awarding Body

AQA Course Specification

Entry Requirements

GCSE Level 5 or above in Maths and Level 5 or above in English (Lang or Lit)

Why choose Economics?

We have recently seen unprecedented events in the world of Economics. Questions such as: What will a Brexit NO DEAL mean? Why is Trump imposing tariffs on Chinese imports? Why do prices rise? Why were interest rates recently at a historic low? All these questions and more will be answered when you study economics. Using a variety of learning experiences, you will gain a wider appreciation of current affairs and the world around you. These are crucial in shaping a successful academic approach to Economics at A Level and beyond.

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What will I learn in Year 12 and how will it be assessed?

Unit 1 – The operation of markets and market failure

This is a micro-economics unit that ensures that you gain an appreciation of the allocation of resources, the market model and selected specifics of what makes markets efficient or sees them fail.

Unit 2 – The national economy in a global context

This unit introduces you to how levels of macro-economic activity are determined and also investigates key national economic indicators, policies and problems.

This is a new specification subject. The school’s policy is that students enrolling onto new specification courses will not be entered for external AS examinations at the end of Year 12. Please visit the FAQs for more information on new specifications, their UCAS tariff points and the ‘decoupling’ of AS/A2 grades.

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What will I learn in Year 13 [subject] and how will it be assessed?

Unit 1 – Individuals, firms, markets and market failure

Building on your knowledge and understanding from Y12 you will develop and use more complex microeconomic models and develop further your critical approach to methods of enquiry. You will develop an understanding of the labour market and factors which influence wages and the distribution of income & wealth.

Assessment: 2 hour written examination at the end of Y13
Weighting: 33.3% of total A Level

Unit 2 – The national and international economy

Building on your knowledge and understanding from Y12 you will analyse and evaluate macro-economic performance in national, regional and global contexts. You will develop an understanding of the ways in which developments in the UK economy can be related to the global and EU contexts.

Assessment: 2 hour written examination at the end of Y13
Weighting: 33.3% of total A Level

Economic Principles and issues

This is a synoptic examination paper that will assess you on topics from both Unit 1 and Unit 2.

Assessment: 2 hour written examination
Weighting: 33.3% of total A Level

This is a ‘new specification’ subject. The overall result for each student completing this course to full A level standard will be based on the final Year 13 A level examinations only. Please visit the FAQs for more information on new specifications, their UCAS tariff points and their ‘decoupling’ of AS/A2 grades.

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How will I learn?

You will learn through opportunities to:

  • Discuss your work in pairs and groups
  • Make presentations to the class
  • Work independently on written tasks
  • Take part in Masterclasses and revision sessions available through universities
  • Meet with ex-students and visiting speakers
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A number of McAuley students have gone on to degree level study in Economics, PPE, Business Management, Accounting and Finance, Law, Marketing, PR, Human Resources and other joint honours and business related degrees.

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Variety of career paths as with degrees in other highly rated academic subjects. In particular: Economics, Business Management, Law, Banking, Accountancy, Finance, Journalism etc.

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Further Course Information

You will benefit from keeping up to date with current affairs and reading articles from newspapers and subject specific publications such as the ‘Economist’ and ‘Economics Today’. All students receive a range of resources including digital textbooks and detailed notes and examination papers accessible via the Department VLE. Homework is set frequently and regular assessment is a feature of the course.

In 2014 95% of Year 13 students achieved an A* – C Grade in A Level Economics.

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