Economics

Economics will help you to develop a wide range of skills, such as understanding, analysis, problem solving and evaluation.

A high proportion of economics students go on to study either Economics degrees or those closely related, such as Philosophy Politics and Economics (PPE), Banking or Politics.

Economics graduates study the second most lucrative degree, with students earning an average salary of £42,000 working in diverse industries such as manufacturing, transport, communications, banking, insurance, investment and retailing industries, as well as in government agencies.

What you’ll study

This subject looks at how society interacts with the economic systems that have been developed in different countries, and how people, businesses and governments make decisions, and what the consequences of these decisions are. We even look at why people are happy and unhappy.

Economics is concerned with how society sets about meeting people’s demands for things they want to consume. It looks at the production, consumption and sale of goods and services, both at the level of individual products, firms and consumers and at the level of the total production and consumption by countries. It also compares alternative ways of using the limited resources (natural resources, workers, machinery and factories) that countries and individuals possess and considers how efficient and/or fair such alternatives are.

You will study many topics which are discussed in the newspapers or on TV, such as unemployment, interest rates, the price of petrol, exchange rate and the effects of changes in share prices.

Your future

Economics graduates are employed in a range of posts. They work in manufacturing, transport, communications, banking, insurance, investment and retailing industries, as well as in government agencies, consulting and charitable organisations.

Employers value economics graduates’ understanding of decision making, their research and analytical skills, and their experience of viewing problems in their national and international context.

Factfile

Level: A Level

Economics explains current events in the world and will help you to understand the reasons behind these events and their effects on people.

Examining Board: AQA

Entry Requirements:

General College entry requirements.

GCSE English grade 4 or above.

GCSE Maths at grade 5 or above.

Average GCSE score of 4.50 or higher.

A commitment to studying current affairs and keeping up to date with developing news.

Great subjects to partner A Level Economics:

Politics, Philosophy, History, Geography and Maths are all strong partner subjects for Economics.

Many universities will expect you to have A Level Maths if you wish to study this subject at degree level.

If you would like to discuss whether Economics is right for you, please get in touch.

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