Why study Economics?
Some current topics
Micro and macroeconomics in action
Tesco’s Dominance
Good for Consumers in the long run?
Tesco has 30% of the
UK market – is this
monopoly power
beneficial or damaging
to our welfare?
National Minimum Wage (NMW)
The minimum wage was increased by 12p/hour last week…
But what is the minimum wage?
Has the congestion charge worked?
Fat tax on food
Should the
UK introduce
a fat tax on
food?
Public Spending
UK Budget deficit and borrowing
Should Scotland be an independent Country?
What should happen to Britain’s relationship with
Europe?
AS Course Outline
AS Level – The UK Economy
ECON1: Microeconomics – Market and Market Failure
ECON2: Macroeconomics – The National Economy
The course is 100% examination – one third of the paper is
multiple choice. Students then choose one data response
set (from two)
A2 Course Outline
A2 – The Global Context
ECON3: Microeconomics – Business Economics and the
Distribution of Income
ECON4: Macroeconomics – The National and International
Economy
100% exam – one (of two) data response set and an essay
set (from three)
Studying Economics
Economics is best described as a social science
It draws from many subjects, among them:
•History
•Mathematics (Statistics and Modelling)
•International Relations (Trade Agreements and Barriers)
•Politics (Government Intervention)
•Geography (Poverty and Inequality)
•Biology (Neuroeconomics)
•Psychology (Game Theory)
Current Student Combinations
•Economics, English Literature, History, Philosophy
•Economics, Biology, Chemistry, Maths
•Economics, Psychology, History, Spanish
•Economics, Geography, Maths, German
A number of students have also chosen to do their Extended Projects
on economic topics for the AQA Baccalaureate.
Three good reasons
1 - interesting challenge: you will consider a wide range of current
affairs issues.
2 - It goes well with virtually any other combination of A-levels: it
gets you using both writing and mathematical skills and it
doesn’t tie you to either an Arts or Science bias.
3 - It keeps your career options open:
The skills developed are much valued by employers as this
subject is useful in a surprisingly wide variety of careers.
Economics is very highly valued by many of the top
Universities.
[email protected]