Department Leader: Andy Major

Economics A-level OCR

By studying economics you will gain knowledge and understanding of the key aspects of economic theory and policies and the impact these have on the economy and on economic agents. You will compare the likely effectiveness of economic policies in relation to the achievement of particular economic objectives. Throughout the study of the course you will develop the ability to make both microeconomic and macroeconomic decisions when applied to specific contexts. This will allow the development of analytical skills, through questioning and quantitative skills to progress yourself. You will have the confidence to confront issues, tackle the challenges that these issues raise and engage in debate and discussion with fellow students.

This course is intended to allow you to develop in-depth economic skills, you will look at the basic economic problem, how competitive markets work, what happens when there is market failure and how the government intervenes.

At a macroeconomic level you will look at key economic policy objectives with indicators of macroeconomic performance, aggregate supply and demand, the global contact and the financial sector. Finally you will look at themes in economics.

You will sit three, 2 hour exams in Year 13 which will be based on microeconomics, macroeconomics and themes in economics.

You will need to be widely read and you should be watching the business news and reading a quality newspaper to support your wider knowledge and understanding.