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Admissions 2020/21

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Economics

Subject Leader

Mr D Bridges

 

Advanced Level

Economics

OCR

Why study Economics?

You will enjoy this course if you want to study a subject that involves:

·         a combination of essay writing, numerical data handling and reading comprehension skills,

·         fostering a passion for current affairs,

·         enhancing debating, decision making and problem solving skills,

·         developing the logical analysis and chain of reasoning,

·         practising evidence-based evaluation skills

What will you study?
You will be examined on Microeconomics, Macroeconomics and The Themes.

Microeconomics involves the decision making by the government to intervene in the interaction of supply and demand in the individual markets to correct market failure in order to solve the basic economic problem of scarcity.

Macroeconomics is about the government’s decisions on the nation-wide basis and involves objectives such as low unemployment, low and steady inflation, high economic growth, and equity in income distribution.

The Themes would allow you to apply the knowledge gained in these two units in the setting of International Economics, Development Economics, and Financial Markets to name the few.

How will you be examined?  
Paper 1: Microeconomics 33% of your grade. 2 hours. 80 marks, of which 50 marks are two 25-marks essays, and the rest are shorter (2-15 marks) questions related to a case study.
Paper 2: Macroeconomics 33% of your grade. 2 hours. 80 marks, of which 50 marks are two 25-marks essays, and the rest are shorter (2-15 marks) questions related to a case study.
Paper 3: The Themes 33% of your grade. 2 hours. 80 marks, of which 30 marks are multiple choice questions and the rest are short questions (2-15 marks) based on a case study.
What will Economics offer you in the future?

Apprenticeships: The include; Bank of England, Ernst and Young, Price Water House and other audit firms straight after school.

University degrees: Economics pupils will look to gain University places, in a variety of degrees including Economics, PPE, Economics and Management and other Financial based degrees

Future careers: jobs in both the public and private sector, working as Civil Servants as Economists, working in leadership roles in management, investment banking. Economics Graduates is currently in the top 3 for future earnings, behind Medicine and Veterinary Sciences.