An economics qualification at A level is very well respected by universities and a qualification at degree and masters level much sought after by employers-banking and finance, large business and the government –the Treasury, the Competition Authorities, the Health Service, the EU the WTO and so on. Economists help organisations make better informed decisions.
A knowledge of economics helps us to understand the world in which we live in (and the global economic crisis since 2008). Media reports daily about economic issues such as the success or otherwise of a large business such as Microsoft, unemployment, inflation (rising prices), economic growth, government spending and taxation, exchange rates, international trade and share / commodity price and exchange rate movements. A student of economics soon learns about these issues and how the economy works and how individuals and firms make decisions and what policies may be adopted by policymakers to help improve business and society,
Students of economics pick up and develop the valued skills of research and analysis-actions in business and government increasingly depend on good research. A background in quantitative mathematical skills helps the study but in addition the study of economics is an excellent way to acquire problem-solving skills and debating skills and to develop a logical, ordered way of looking at problems. It leads naturally to careers in business, law, government and in research and consulting
We study the AQA A level qualification –the largest and most respected examination body by universities in the U.K. and the rest of the world, There are two main areas of study and examination papers:
Paper one: The Market and Externalities,–This studies how business makes decisions on prices wages and production, the workings of competition and the relationship between government and business.
Paper two :The National and Global Economy—This studies the national and local world and important issues like growth ,international trade, inflation and unemployment.
For both papers there is an examination paper involving three types of assessment- multiple choice questions, short questions requiring the analysis of figures and data provided and then essay writing questions.