Economics introduces students to both microeconomic and macroeconomic issues. Students are expected to acquire competence in quantitative skills that are relevant to the subject content. They will develop a familiarity with the various types of statistical and other data commonly used by economists. Students will also be expected to be able to construct and use graphs and apply statistical measures such as the mean, median and relevant quantiles, as well as being able to interpret data presented in the form of index numbers.
Students also explore the disagreements between economists and current economic controversies. Students will also develop a critical approach to both economic models and methods of enquiry, and will appreciate that value judgements play an important role in economic decision-making. They will also acquire a good knowledge of the trends and developments in the economy which have taken place over the past fifteen years.
AQA A-Level Economics is taught within the two-year or five-term A-Level programmes.
Economics is taught in small groups and students are taught both the theories of economics and their respective criticisms. Students gain an insight into methodology and issues such as price determination, production, markets and market failure, as well as the reasoning behind government intervention. Other topics include the macroeconomy, policy, and performance.
Students are prepared for their final exams which include multiple-choice questions, structured questions and responses to stimulus materials.