Studying A Level Economics opens doors to a wide range of university courses, including Pure Economics, Philosophy, Politics and Economics (PPE), and Business Economics. There are no prerequisites for entry to the course, other than pass grades in Maths and English GCSEs and at least five other subjects. Economics also combines well with other A Level subjects such as Maths, Computer Science, Geography, Psychology, DT, History and Politics, making it a flexible and valuable choice.

The Economics A Level course is divided into four themes and consists of three externally examined papers. Over the two years, pupils explore both microeconomic and macroeconomic concepts, which are applied to both business models and the wider economy. As the course develops, pupils build greater breadth and depth of knowledge, with applications to increasingly complex concepts and models.

Studying Economics is not only about exams — it’s about learning to think critically about the world around us. Pupils are encouraged to apply their knowledge to both familiar and unfamiliar contexts, engage with real-world events, and consider how policies and economic decisions affect society. This analytical approach develops skills in problem-solving, evaluation, and evidence-based argument — highly valued by universities and employers alike.

Theme 1: Markets, Consumers and Firms

• Scarcity, choice and potential conflicts
• Enterprise, business and the economy
• Introducing the market
• Role of credit in the economy
• Market failure and government intervention
• Revenue, costs, profits and cash

Theme 2: The Wider Economic Environment

• Business growth and competitive advantage
• Firms, consumers and elasticities of demand
• Productive efficiency
• Life in a global economy
• Economic cycle
• Introduction to macroeconomic policy

Theme 3: The Global Economy

• Globalisation
• Economic factors in business expansion
• Impact of globalisation on global companies
• Impact of globalisation on local and national economies
• Global labour markets
• Inequality and redistribution

Theme 4: Making Markets Work

• Competition and market power
• Market power and market failure
• Market failure across the economy
• Macroeconomic policies and impact on firms and individuals
• Risk and the financial sector

Examination Board: Edexcel
Specification: 9EB0

Mrs M. McIntyre – Head of Economics