Economics A Level
What is the difference between Economics and Business Studies?
Both subjects are closely related and, in fact, very complementary subjects. However, whilst Business Studies focuses broadly on the management of the world of business (with economics being a distinct part of this), Economics, on the other hand, allows a deep-dive into ‘The Economic Problem’: the problems that arise around the production of goods and services provided in an attempt to satisfy the unlimited wants of the economy.
Why Choose A Level Economics?
Economics teaches you a great deal about the world we live in, what makes the ‘cogs in the machine’ turn, keeping individuals, companies and countries ‘afloat’. It is certainly an excellent choice for those who wish to go into business or politics, but the knowledge and skills developed in Economics are widely applicable to a broad range of different career paths. You will choose Economics because you have an interest in: economic policy; money, banking and finance; trade; poverty and inequality; economic law and ethics; or industrial (labour) economics.
What will you study during A Level Economics?
While we are open to almost all exam board specifications in almost all subjects, the AQA specification allows students to explore and analyse current economic problems and issues, and the interrelation between ‘microeconomics’ and ‘macroeconomics’. Broadly speaking, microeconomics looks at economic decisions and issues on smaller scales, such as the decisions of individuals and businesses; whereas, macroeconomics is the study of the economy as a whole, on a national and global level. This, of course, is where the study of economics can lead to challenging discussions around political and social issues too.
What skills will you develop through studying A Level Economics?
During A Level Economics, you will learn to:
- think logically and critically,
- extract crucial information from complex issues,
- concisely summarise information, particularly data,
- debate and argue economic issues,
- research effectively and efficiently, and
- be commercially and culturally aware
Where will A Level Economics take you?
A Level Economics is a valuable subject for study if you are looking to go into any of the following fields: politics, social science, business, law, leadership and management, marketing, journalism, consultancy, accountancy, investment banking, and many more roles in the public and private sector.
If you are not sure if A Level Economics is right for you, book a taster lesson! For the cost of our registration fee (£47), you can have up to three taster lessons in subjects of your choice. During these sessions, you can see if the subjects are right for you but also if Barts is a good fit for you (although we feel sure it will be!).