Economics A level Edexcel
The Economics Department aims to provide students with a critical understanding of the world in which they live by applying economic concepts and models to real world issues. We aim to make students economically aware so they become better informed as consumers, producers and citizens during their lives.
The department aims to provide students with an understanding of how markets work and why they might fail and so require government intervention. This involves study of the price mechanism model and different forms of government intervention including taxation, subsidies and regulation. The department also aims to provide students with an understanding of performance indicators for the UK economy, including economic growth, employment, inflation and the balance of payments. Some emphasis is also placed on the global economy, particularly emerging markets.
Economics A-Level is an extremely popular subject which many of our students choose to go on and study at university. Bales College offers the Pearson Edexcel option A course which, in the first year, focuses on how markets work and the performance of the UK economy. In the second year more emphasis is applied to the behaviour of businesses and the impact of competition in an increasingly globalised world. Up to 20% of assessment involves quantitative skills such as percentages, percentage change, index numbers, ratios and different types of averages. A mixture of teaching and learning styles is applied, including student-led seminars, paired work, class discussion and independent learning. Lessons often include use of the internet including the BBC news and newspaper websites. Students are expected to keep up to date with current affairs.