What is Economics?

Economics is essentially the study of making choices. The basic economic problem is the idea that all resources are limited, yet wants are unlimited. Economics is therefore the study of how individuals and groups make decisions using their limited resources to best satisfy their wants, needs and desires.

Specifics

  • Course specific entry requirements

    Grade 6 from Maths, 5 from English

  • Assessment methods

    3 final exams

  • Course duration

    2 years

  • Course type

    Linear A-level

  • Exam board

    OCR

How you will study

Economics at Xaverian has a strong reputation. Lessons will be varied and will include plenty of discussions, group work, presentations and independent study as well as teacher-led class lessons. A minimum of 20% of the overall assessment marks are targeted at the assessment of quantitative skills across the A-level, so a proficiency in Mathematics is an essential.

Course content summary:

  • Introduction to markets and market failure
  • The UK economy – performance & policies
  • Business behaviour & the labour market
  • A global perspective

How does economics affect you?

Course content summary:

  • How does the Chancellor of the Exchequer manage the UK economy?
  • The consequences of BREXIT and the UK leaving the Single Market
  • What does the Bank of England do?
  • Global warming

    How can Economists and Politicians reduce it through intervention in the form of taxation and legislation?

What else might you do?

  • In the second year, 6 students complete the Manchester University Pre-university Economics course for 8 weeks on Wednesday afternoon

  • We also compete in the Stock Investor Challenge at Manchester University where students get to learn about financial markets and how the stock exchange works.

How does economics affect you?

Course content summary:

  • How does the Chancellor of the Exchequer manage the UK economy?
  • The consequences of BREXIT and the UK leaving the Single Market
  • What does the Bank of England do?
  • Global warming

    How can Economists and Politicians reduce it through intervention in the form of taxation and legislation?

What else might you do?

  • In the second year, 6 students complete the Manchester University Pre-university Economics course for 8 weeks on Wednesday afternoon

  • We also compete in the Stock Investor Challenge at Manchester University where students get to learn about financial markets and how the stock exchange works.