Economics

Economics is the study of the production, consumption and transfer of wealth. The A Level course explores microeconomic and macroeconomic topics through the idea of a market and its structures (monoploy, oligopoly and perfect competition). The course also covers concepts such as demand and supply, elasticity and market failure.

To take 3 A Levels at Allerton Grange you are required to have a minimum of 5 GCSE subjects at grade 4 and above. Economic specific entry requirements are English Language grade 5 or above and Maths grade 5 or above.

Modules are taught on economic growth, inflation, exchange rates and fiscal policy. Policies will be evaluated using theories and personal conclusions need to be drawn. The course aims to develop a critical and evaluative approach, providing students with a language that allows them to understand that every decision is an economic decision and that all decisions have a consequence. A keen interest in current affairs is important for this course.

Economics provides you with good analytical thinking skills which are sought after by universities and employers. This course is particularly suitable for students who want to go on and study Economics or a business related qualification in higher education. Economics students often go into careers in marketing, human resources and management, or even running their own business.