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Level 3
AQA L3 A Level Economics
COURSE OVERVIEW
Economics is the study of how society produces, distributes and consumes resources and wealth. It tries to explain why we make and buy different things, and how the government manages and runs the economy. In both years, students will study related topics but with different levels of complexity. Both years are divided into halves; Microeconomics, the study of individual markets and their workings. Macroeconomics, the study of the workings of the whole economy. In the first year students will study: The operations of markets and market failure, and the national economy in a global context. In the second year you will study: Individuals, firms, markets and market failure as well as national and international economies. A range of teaching and learning styles is used during the course. Formal lessons are combined with discussion, case studies, task- based learning, interactive use of Independent learning tasks and video, all pitched at a level appropriate to the age and experience of students.
FURTHER INFORMATION
You need a minimum of five GCSEs at 9-4, including grade 5 in Maths and grade 4 in English Language. No previous knowledge of Economics is required, however an interest in current affairs and recent history is an advantage, as is the willingness to engage in discussion and debate.
Students would normally combine Economics with two other A Levels. Common combinations include Politics, History, Geography, Business and Psychology as well as Maths. A good grade in Economics is highly regarded by universities and employers. It provides an excellent background for degree level study and careers in Business, Management, Finance, Accounting, Law and Politics.
At the end of the second year there are three exams, two (Paper 1 and Paper 2) with an identical format – a choice of one data- response question from two options, and one essay from a choice of three. Paper 1 is microeconomics. Paper 2 is macroeconomics. Paper 3 is made up of two parts: 30 multiple choice questions and a case study question requiring written answers. In addition to testing understanding of the modules, the exams include synoptic assessment. Each exam makes up 33.3% of the course. There is no assessed coursework. Students may be assessed for an AS qualification in this course at the end of the first year as a measure of progress.
TBC
To succeed in Economics students will need to learn to absorb a lot of information quite quickly and write fluent and persuasive English. Students need to develop the ability to use and interpret graphs and data. An awareness of current affairs will be highly beneficial.