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Why Study Economics A-Level?
Economics is not simply all about numbers. Economics is the fascinating study of psychology, understanding why people make the decisions they make, and how resources are allocated around the world. It relates to every aspect of our lives; from the decisions we make as individuals to decisions made by businesses and governments. Economics is the study of the world around us from a financial, social and cultural perspective.
Economics is studied in two main strands:
· Microeconomics is the study of how individual parties use their wealth.
· Macroeconomics is the study of entire economies.
Economics A-level is not just for those wishing to pursue a career related to this field of study. It is for those who have an interest in having a greater understanding of our world. Economics helps to prepare you for adult life and all of the challenges that come with becoming financially independent. It is a relevant, useful and interesting subject that engages you in debates, grounds you in the main economic theories and allows you to become more aware of the economic issues that affect you and the world around you.
What will you study within A-level Economics?
Specific content covered within a-level Economics may vary from school to school, and depending on the exam board followed. You will develop your knowledge of the UK economy and government policies over the past fifteen years. You will learn about the operation of markets and market failure. You will learn microeconomic models such as demand and supply, the operation of the price mechanism and causes of market failure. You will also learn about the national economy in a global context. Your syllabus will likely cover Individuals, firms, markets and market failure and the national and international economy.
What skills will you get from studying Economics?
You will develop a unique skillset from studying Economics.
Analysis and evaluation skills
You will be able to use data to analyse strengths and limitations, draw conclusions and make informed decisions.
Numeracy skills
You will be able to study and manipulate figures and statistics and look for trends.
Cultural awareness skills
You will understand how different cultures perceive social, political and economic events.
Communication skills
You will be able to communicate your findings in a clear, coherent manner.
What careers can the study of Economics lead to?
Economics is a great foundation for many careers.
It can lead to a wide range of careers in Economics and Finance-related professions including: Accountant, Actuarial Analyst, Chartered Accountant, Data Analyst, Economist, Finance and Banking, Financial Risk Analyst, Financial Planner, Forensic Accountant, Investment Analyst, Statistician, Stockbroker.
In addition, the knowledge and skills learned would also be useful for careers including: Actuary, Business Analysis and Development, the Civil Service, Data Science, Diplomacy, Economic and/or Political Journalism, Government and Politics, Management Consultancy, Policy Development and Management, Quantity Surveying.
Is this the right course for me?
If you answer yes to the majority of these questions, then economics could be the subject for you!
Do you want to know why our government makes certain decisions?
Do you enjoy the challenge of debating both sides of an argument?
Do you enjoy mathematics?