Economics at BWS

What does the course involve?
The study of Economics should enable students to understand the current economic issues that affect their lives. It should enable students to recognise problems faced by themselves and others and to offer informed comment on economic problems.

How will you learn?
It will be necessary to read critically to gain information about the changing economy in which we live. Topics that regularly appear in the news such as interest rates, tax changes, minimum wage, unemployment and its costs, inflation and other related topics will all be analysed. An understanding of how the economy operates is essential to understand why participants in a market economy have to make choices and how these choices are interrelated and interdependent. It certainly should enable students to make more informed decisions on their own personal finances!
Key concepts and theory will be taught in the context of UK, EU and International data that will be based when appropriate on current events. It is intended to provide a broad understanding of Economics and to provide a basis for further study of the subject.

What exams and coursework are involved?
A level Economics is examined through three written papers covering four themes. Themes 1 and 2 are as listed above for AS Economics, theme 3 explores business behaviour and the labour market and theme 4 considers a global perspective. Each paper comprises 100 marks and has a combination of short answer (including multiple choice), data response and extended open response questions.
The stand-alone AS qualification is examined through two written papers.

What are the entry requirements?
Students are advised to have an informal discussion with the Head of Department in order to ensure that this is the appropriate course for them.
Students may start their A level studies in Economics with no previous qualification in the subject. The key is enthusiasm for the world of economics and an interest in economics news as it is reported on TV, the press and other media
A Grade 6 / B or above in GCSE Maths and GCSE English Language is essential. The course involves mathematical calculations and so a good level of mathematical competence is required. The course also requires good analytical skills.

What could you do after completing the course?
The course provides obvious routes into a range of Higher Education opportunities, in particular those that require a logical and analytical approach. Economics is a core subject in many of the professional examinations in particular banking, insurance and accountancy.
Economics will provide a good foundation for a career in the commercial world. Many of our past students are now working in the City after studying Economics at degree level.


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