Head of Department: Mr Paul Beeston

Economics is studied at AS Level in Year 12 at A2 level in Year 13. At AS level students are introduced to micro and macro economics and a special study is made of the environment.

At A2 level students develop their micro and macro economics, and undertake a special study of the European Union.

Year 12 (AS level)

AS1 Students are introduced to micro-economics. Demand and supply are studied to explain how goods are allocated in the market economy. Market failure and reasons for government intervention are studied.

AS2 Students are introduced to macro-economics and the Government’s four principle  macro-economic targets of Economic Growth Low Inflation, Low Unemployment and a balanced current account. How the Government uses Fiscal Policy (taxation and government spending) and the Bank of England uses Monetary Policy (internet rates) to influence Aggregate Demand. How supply side policies can be used to increase aggregate supply to achieve macro-economic targets.

AS3 Students study how economics can help solve environmental problems such as traffic congestion, pollution and the depletion of natural resources.

Year 13

A24 Students prepare to write a report based upon a case study on the European Union. Topics studied include the Euro, Common Agricultural policy, Enlargement and Regional Aid.

A25 Students study different models of business competition and reasons for the unequal distribution of income. The impact of Trade Unions and Government policies to reduce inequality are studied including the minimum wage.

A26 Detailed study is made of the Government managing the National Economy together with a study of International Trade and Exchange Rate Determination.

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