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Sir John Lawes School
Economics
Board: Pearson Edexcel (9EC0)
INTRODUCTION
Economics is a popular university subject of study, either as the main subject or as part of many courses. Economics
seeks to answer these questions:
What gets produced?
How it gets produced?
Who gets what?
It is a highly regarded A Level requiring strong analytical skills and enthusiasm for a debate. Many of the top 200 UK
companies employ economists to help formulate business strategy. Successful Economics graduates are, in general,
highly paid and have careers in Business, Banking, The City, Law, Insurance and Risk Analysis.
The aim is for the students to develop an interest in, and enthusiasm for, the subject. In addition, to appreciate the
contribution of economics to the understanding of the wider economic and social environment:
·To develop an understanding of a range of concepts and an ability to use those concepts in a variety of different
contexts.
·To use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an
economist.
·To understand that economic behaviour can be studied from a range of perspectives.
·To develop analytical and quantitative skills, together with qualities and attitudes that will equip them for the
challenges, opportunities and responsibilities of adult and working life.
Progression and Prospects
As Economics is a Social Science it complements and adds to other subjects such as Business, Politics and
Philosophy.
ENTRY REQUIREMENTS
To take this course students must have obtained a grade 6 or above in GCSE Mathematics and English as well
as an APS of 4.5 or above.
COURSE CONTENT
At A Level in Economics the qualification is structured into four themes and consists of three externally examined
papers.
Students develop knowledge and understanding of core economic models and concepts in the four themes.
Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the
assessment and demonstrate an awareness of current economic events and policies. work.
Theme 1: Introduction to markets and market failure
This theme focuses on microeconomic concepts. Students will develop an understanding of:
·Nature of economics
·How markets work
