Key Stage 5 Economics
A-Level Economics is an extremely highly-regarded and tough discipline which invites students to interpret the world in a completely new way. They develop a new framework of analysis which gives them a very structured way of making and justifying decisions. In Year 12, students learn about the key microeconomic areas of supply and demand, capitalism, market failure and government intervention as well as covering macroeconomic themes of growth, inflation, unemployment, international trade and government economic policies to achieve these objectives. In Year 13, the course investigates how firms make decisions and maximise profits, what happens when competition doesn't work, how poor countries develop and how the global economy works. The subject is very real and relevant to current affairs and students gain an insightful understanding of the world around them. At Bishop Thomas Grant School, we follow the WJEC specification.