Economics is offered at Keystage 5. Universities and employers regard Economics as a 'numerate' discipline. It has the reputation of being a demanding subject, and therefore a qualification in it is a valuable asset. A Level Economics crosses the arts/science divide. Those who think they may want to read Economics at university are well advised to combine it with Mathematics at A Level.

Key Stage 5


Theme 1: Introduction to markets and market failure

  • Nature of economics
  • How markets work
  • Market failure and government intervention

Theme 2: The UK economy performance and policies

  • Measures of economic performance
  • Aggregate demand
  • Aggregate supply
  • National income
  • Economic growth
  • Macroeconomic objectives and policy


Theme 3: Business behaviour and the labour market

  • Business growth
  • Business objectives
  • Revenues, costs and profits
  • Market structures
  • Labour market and government intervention

Theme 4: A global perspective

  • International economics
  • Poverty and inequality
  • Emerging and developing economies
  • The financial sector
  • The Role of the state in the macro-economic environment
KS5 Assessment & Examinations
Paper 1 Markets and Business Behaviour. 35% of the total qualification. Duration: 2 hours
Paper 2 The National and Global Economy. 35% of the total qualification Duration: 2 hours
Paper 3 Micro-economics and Macro-economics. 30% of the total qualification Duration: 2 hours