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Economics A-level - Level 3 - Full-time (North Devon)

Level 3 A-levels
Course Code:
North Devon Campus
Two years

Economics is a vibrant, exciting and relevant subject opening the door to numerous, well-rewarded career opportunities. It offers a contemporary course which relates economic theories to today's problems and challenges. These include issues ranging from globalisation and its effects on the UK in terms of jobs and migration, to issues facing individual business such as marketing and management.

If you want a real insight into the way the world we live in works, economics is a great starting point. It gives an overview of the way businesses operate and the issues facing the world economy. It has given me an all-round understanding which will be incredibly useful in the future. - Former student


Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals to the structures created by governments and firms. An economic way of thinking can help you make better choices!
During the first year of the A-level course, in Theme 1 and Theme 2, you will be introduced to the nature of economics, how markets work and why they fail, consumer choices and enterprise in the economy. You will also consider the role of banks, and life in a global economy.

During the second year, you will explore the impact of globalisation on consumers, firms and the labour market. You will also investigate the role of the government and have an opportunity to consider the role and impact of the financial sector.
In the first year, students will study two themes: 'Markets, Consumers and Firms' and 'The Wider Economic Environment'; In the second year, two further themes are studied: 'Making Markets Work' and 'The Global Economy'. All four themes covered over the two-year course are assessed at the end of the second year by way of three externally assessed examinations, each two hours long.
One of the challenges and pleasures of studying Economics is that it is a contemporary and ever-changing subject as new economic and business problems and solutions arise.

This syllabus is suitable for students with a particular concern for social, environmental and ethical issues. Students with an interest in current affairs have a natural advantage with this ever-changing subject. Students are expected to develop research skills and are required to read a quality newspaper.
To be accepted onto a two-year Level 3 programme, all entrants must hold at least a grade 4 in GCSE Maths and a grade 4 in GCSE English, as well as at least three other GCSEs at grade 4 (C) or above. Certain subjects require a minimum of GCSE grade 6.

You will be required to achieve a grade 5 or above in Mathematics.
Studying economics will help you develop transferrable skills that will prepare you for studying at university or moving into the world of work; these include data interpretation and essay writing. Suitable Higher Education courses include economics degrees or degrees in applied economics such as environmental economics, labour economics, public sector economics or monetary economics.
You might decide on a more business-related path and choose to study business economics, international business, business and management or finance degrees. In terms of degrees, economics students can follow a wide range of careers in in industry, commerce, finance and the civil service. You might choose a career in sales, banking, product management or general management
All of your lessons will be taught in classrooms which have been recently modernised and include interactive whiteboards. You will have access to computer rooms when required and laptops. We have a well-stocked library with a wide range of books and periodicals as well as extensive online resources.
You will be required to pay for text books amounting to approximately £25 per year.
Please contact the Advice & Guidance Centre on 01271 852422 for more information.
Q: What other A-level subjects complement this subject?
A: Accounting, History, Geography, Environmental Studies, Law, Government and Politics, and Sociology all fit well.

Q: How much extra work is involved?
A: You will be set homework on a regular basis which may be reading, research or a piece of written work to hand in for assessment. You will be expected to develop an interest in current events and have an opinion on the issues which affect our lives.

Q: How will I develop this knowledge?
A: You should watch a news bulletin everyday, read a quality newspaper and watch relevant television programmes, e.g., The Apprentice or Dragons Den. You can also have a wider look at how the world of business affects your own interests, e.g., the business of football or fashion. You can think about the impact that goods and services you buy/consume have on the wider economy, environment and in the global economy, and the effects on other people's lives. Practical examples can be gathered from a part-time job or by talking to your parents or relatives about their work and experiences.

Q: Is there lots of maths in the course?
A: As long as you are happy punching numbers on a calculator and can interpret line graphs, then no.

Q: Are any trips planned during the course?
A: Yes, if there is a good enough response we will visit Berlin.