Forget about any preconceptions you might have about A-level Economics. It is not about how to manage your money, budgeting or investing in stocks and shares and it doesn’t involve lots of maths!
It is a study of human behaviour – a Social Science – concerned with many of the big issues in current affairs that you may have heard about on the news. The A-level course attempts to understand the behaviour of individuals, governments, firms and nations in attempting to reconcile unlimited wants with scarce resources. Economic theory is applied to ‘real world’ current affairs questions such as:
- What is the ‘Credit Crunch’ or the ‘Budget Deficit’ and how does it affect us?
- How can we avoid financial crises such as the Great depression (1930s) and the 2008 Credit Crunch?
- Should we provide more aid to poor countries?
- Why does the UK import so much but export so little and does it matter?
- Do supermarkets give value for money or do they exploit the consumer and their suppliers?
- What is globalisation and why does it create such controversy?
- What is the best way of reducing global warming?
- To what extent should governments interfere in the activities of firms?
The study of Economics at A-level will help students to acquire strong analytical and evaluation skills, and become familiar with Business English. This level of expertise means that current affairs are easier to understand and more interesting, and the skills learnt are extremely beneficial when entering the job market.