Economics A Level

Head of Department: Mr Edward Wilson

The study of how markets work and knowledge of the national economy is essential to understanding the world in which students will eventually live and work. Not a day passes where economic issues are absent from newspapers - from discussions on road pricing, the fees charged for university study, or the Bank of England’s interest rate decision.

Economics is an intellectually challenging but rewarding subject where students will be expected to develop logical thought and their skill of reasoned problem solving.

What do you do in Economics?

Economics A Level is split into two areas. The first focuses on ‘microeconomic’ aspects where you will investigate such topics as why petrol prices rise and how governments respond to problems in areas such as education and the NHS. The world of business economics is also addressed and you will examine issues such as cost, revenue and profit within a range of practical industries. There are interesting discussions on ‘hot topics’ such as London’s congestion charge or HS2, or the power wielded by the big companies in industries such as energy supply.

You will also cover ‘macroeconomic’ aspects including learning key measures of national economic performance and the main objectives and instruments of UK economic policy. We look at the importance of the Eurozone, the UK tax system and the implications of government spending plans and ‘austerity’ amongst much more. International trade, globalisation, global poverty and economic growth across the world - as well as the ramifications of Brexit - are some of the exciting and thought provoking issues covered.

You will have the chance to enter economics competitions, and in previous years we have organised economics conferences which have included speakers such as former MPC member Andrew Sentence and LSE professor Iain Begg. This course has no coursework or controlled assessment units. You don’t have to have studied GCSE Economics or have any prior knowledge of economics.

Exam Results

Average of the A Level results in Economics achieved by Ipswich School students over the most recent three year period (2016, 2017 and 2018)

Economics - % A*- B = 86%