Economics is a highly valuable, academic subject for those who have an interest in what's happening in the world around them. This course intends to blend theory with real-life application in the search for better ways to manage our economy, resulting in a more equitable society.
In your first year, you will develop a firm understanding of micro- and macro-economics, as well as hone your analytical and evaluative skills. You will look at a variety of topics, including:
- The economic problem
- Price determination in a competitive market
- Production, costs and revenue
- Competitive and concentrated markets
- The market mechanism, market failure and government intervention
- The macro-economy, economic performance and macro-economic policy
The second year builds upon the micro- and macro-economics already learnt in your first year, considering economic concepts and theories in greater depth and recognising the values and limitations of economic models. You will look at a variety of topics, including:
- Market structure
- The labour market
- Poverty and inequality
- Financial markets
- The international economy
Assessment methods will reflect real-life economic issues in an examination context. AS will be assessed by two exams covering both micro- and macro-economics. The second year will be assessing your knowledge with three exams, including a multiple-choice section and a case study section.
Some benefits of studying AS and A Level Economics include:
- opportunities to develop your debating skills through class discussions
- vigorous assessment and monitoring to help you achieve your potential
- a friendly and safe learning environment
In the second year of study we arrange a trip abroad to investigate how another economy works and the different issues businesses face.
- At least a grade 5 in GCSE English Language
- All Loughborough Sixth Form College courses have minimum entry requirements of at least five GCSEs at grade C/4 or above, including English Language and Maths.
AS: Two 1.5 hour exams (50% each)
A2: Three 2 hour exams (33.3% each)
Economics is widely accepted as a challenging and rewarding A Level. Upon completion of this course, you will be prepared for further study at university or be ready for the world of work.
Students that have gone on to study economics at degree level have typically found employment in sectors including banking (high street and city), charitable and not-for-profit organisations, consultancies, insurance and accountancy firms, government departments and think tanks.
CAN YOU STUDY BUSINESS AND ECONOMICS?
Yes you can. Business and economics complement each other well. How much maths is there in economics? The maths mainly involves the use of diagrams which can be complex especially in year 2. You should also be confident performing percentage change calculations.
6th Form FAQs
DO YOU OFFER THE EXTENDED PROJECT QUALIFICATION (EPQ)?
- Yes, but only to Year 2 students who have demonstrated in Year 1 that they have the academic ability to cope with this extra research project.
HOW MANY A LEVEL SUBJECTS DO I NEED TO TAKE?
- You will need to choose three subjects minimum with a maximum of 4. See page 5 for more details on subject choices.
I’M INTERESTED IN A LEVELS BUT I’M NOT SURE WHICH ONES
- That’s okay! We know that deciding on A Levels can be a long process and
that you can change your mind—a lot.
When you initially apply, we’ll ask you for your options, but you’re not tied down to these subjects. We’ll confirm your final choices at a later date.
DO I HAVE TO STUDY THE SUBJECT I WANT TO STUDY AT UNIVERSITY AS AN A LEVEL?
- Not always; it depends on your chosen university course. Subjects like Medicine and Architecture have very specific entry requirements, whereas you can study Psychology or Law at university without having studied them at A Level. Check university entry requirements to see if they are asking for specific subjects.
ARE A LEVELS THE ONLY ROUTE INTO UNIVERSITY?
- No. We also offer Level 3 BTEC Extended Diplomas, which are the equivalent to three A Levels and many universities accept them as an alternative.
CAN I STUDY 3 A LEVELS AND BE A PART OF THE ACADEMY OF SPORT PROGRAMME?
- Yes. Visit the Academy of Sport pages for more information.
CAN I STUDY A DIPLOMA IN SPORT AND ONE A LEVEL?
- Yes, but it is only recommended for high-performing students due to the demands that both courses will place on timetable and ability. We will need to ensure that your combination is suitable for future progression and doesn’t clash on the timetable.
Whilst every effort is made to ensure that the information contained on this website is correct, the College accepts no liability for any errors or omissions. Please note that details are subject to change without notice with regard to the provision of courses, course times and dates and the fees and charges levied.