‘I've always found Economics to be fascinating. This is because of how it relates to real life, from why the price of Freddos have risen to why some footballers are paid hundreds of thousands of pounds a week. I enjoy how economics has the answers to these questions and how it allows me to understand the world we live in.’
‘The ultimate purpose of economics, of course, is to understand and promote the enhancement of well-being.’
Ben Bernake
FAQs
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Economics and Business complement each other well and there are a handful of topics that you will find in both subjects, but Business focuses on the decisions and management of one firm – competing to be the best at what they do. Economics has two parts to it; Microeconomics looks at individual marketplaces – for example the housing market, car market or stock market. Macroeconomics looks at how all of these markets interact with each other. So really Business is like applied microeconomics! Lots of our students choose to study both subjects, especially if they are interested in entering financial careers.
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There is a quantitative element, which makes up 10% of the course. Though the calculations involved are not too challenging, such as percentages, ratios and data trends. We work on these calculations as we move through the course and make them more accessible.
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Most of the students that study Economics at A Level have never studied it before, therefore we start from the absolute basics and take it from there. You will be in the same situation as most students and therefore will not be at a disadvantage if you have not studied Economics at GCSE. However, If students have taken Economics at GCSE, we do expect them to have a achieved a grade 5.
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Economics is highly valued by universities and employers and can take you into many different careers in the future, such as accounting, finance, retail banking, investment banking, civil service and consultancy amongst many other things.