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Economics

Economics is a guiding force behind decision making in society, whether that be on a global scale, in business or in the day-to-day decisions we take in our lives. With so much going on in the world around us, the applicability of Economic theory grows. Studying Economics at Alcester Grammar School will not only help you achieve a grade in a well reputed course, but also give you opportunities to develop analytical, evaluative and presentation skills, as well as help you make sense of what’s going on in the news! 

In addition to Economics in the curriculum, we also offer extra and super curricular activities to help develop students’ interest in the subject, including a sixth-form run Economics society, trips and competitions. 

Edexcel Courses 9EC0

Please note that this is from September 2024 we will be using this specification, therefore it is relevant for any incoming Year 12 students from September 2024. If you will be taking an A Level examination in Economics in May/June 2025, please scroll down.

Year 1 

Considers the basic economic models in both micro- and macroeconomics.

  • Theme 1: Introduction to markets and market failure (microeconomics)

    •  Nature of economics 

    •  How markets work 

    •  Market failure

    •  Government intervention 

  • Theme 2: The UK economy – performance and policies (macroeconomics)

    • Measures of economic performance

    •  Aggregate demand

    •  Aggregate supply 

    •  National income 

    •  Economic growth

    •  Macroeconomic objectives and policy

Year 2 

This builds on the first year of learning, taking some topics into further depth and looking in detail at particular markets, development and the financial sector.

  • Theme 3: Business behaviour and the labour market (microeconomics)

    • Business growth

    • Business objectives

    •  Revenues, costs and profits 

    •  Market structures 

    •  Labour market 

    •  Government intervention 

  • Theme 4: A global perspective 

    • International economics

    • Poverty and inequality

    • Emerging and developing economies 

    • The financial sector

    • Role of the state in the macroeconomy

Click here for further details. 

OCR Courses H460 

Please note that this is now only applicable to students who will be taking their Economics A Level Examination in May/June 2025

Year 1 

Considers the basic economic models in both micro- and macroeconomics.

  • Microeconomics

    • Scarcity and Choice

    • How competitive Markets Work

    • Market Failure and Government Intervention

  • Macroeconomics

    • Economic Policy and Indicators of Macroeconomic Performance

    • Aggregate Demand and Aggregate Supply

    • The Application of Policy Instruments

    • The Global Context

Year 2 

This builds on the first year of learning, taking some topics into further depth and looking in detail at particular markets and the financial sector.

  • Microeconomics

    • Scarcity and Choice

    • How competitive markets work

    • Competition and Power

    • Labour Market

    • Market Failure and Government Intervention

  • Macroeconomics

    • Economic Policy Objectives and Indicators of Macroeconomic Performance

    • Aggregate Demand and Aggregate Supply

    • The Application of Policy Instruments

    • The Global Context

    • The Financial Sector

  • Themes in Economics

    • This unit draws from both the micro- and macroeconomic components and requires candidates to consider the theory which has been studied in a ‘real world’ context

Click here for further details.

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