Economics is everywhere we go and in everything we do. Scarcity, choice and opportunity cost, the guiding principle of economics, consciously or unconsciously, drive the decisions we make in everyday life. Understanding Economics helps us make optimal choices and lead lives of contentment. Individuals incur opportunity costs in every decision they make. Businesses rely on the interplay of the market forces to derive prices and wage rates. Governments exercise economic policies to aid a nation’s development.
Course Objectives and Content
Scarce resources are available for economies to function. How, what and for whom should firms produce? Economics answers these fundamental questions. The subject also provides sound explanations for a number of questions: how are prices set in the market? What causes shortages and surpluses? Why do markets fail? Why do prices fluctuate? What government intervention strategies can be used to regulate market activity? Studying A-Level Economics will allow students to consider these concerns in an in-depth manner. They will look at how markets operate nationally and internationally and examine the advantages and disadvantages. Learners will also consider how businesses function and the financial sector’s role in society. The course will offer learners a sound understanding of the intertwined elements of the economy forces that shape society in light of wider political and social concerns.
The A Level Economics syllabus covers a variety of topics including the price mechanism, government intervention, international trade, exchange rates, employment, inflation, market failure, the theory of the firm, macroeconomic theory and policy, and economic development and growth. In this course, students will learn how to explain and analyse economic issues and debates, evaluate economic information, and present clear-cut observations of economic scenarios based on economic theory and concepts.
Students who complete A Level Economics have the advantage of studying a wide range of degrees including Economics, Business Management, Econometrics, Mathematics, Statistics, Actuarial Science, Law, Politics and Development Studies. Learners who study A-Level Economics can pursue careers as economists, economic analysts, economic advisors and economic policymakers. They may also enter jobs in the finance and banking as well as the development sectors to name a few.
For more information contact us now, and our experienced members of staff will be happy to talk you through your options and find the best A Level options for you.
Exam Board and Specification Code: Cambridge International AS and A Level Economics 9708