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Economics

Introduction to A-Level Economics
What is the subject about?
The official definition is that economics is the study of “how resources are allocated”. The economy is the environment in which businesses, entrepreneurs, employees, governments and individuals operate. Economics examines choices made by all of these groups and what influences such decisions.
​
 Questions that the course will look at are:
  • What caused the global recession and what are the strategies for getting us out of it?
  • Why do we have an inequality of wealth across the nation and globe?
  • What determines house prices?
  • How can governments influence the economy?
  • What determines wage rates for different jobs?
  • How do we measure a nation’s economic performance?

How is the course assessed?
The course is assessed purely by exams – 3 at the end of Year 13 for the A Level. These exams combine multiple choice theory questions, essay style questions and data response questions. The latter is where you are given a set of information (graphs, data etc.) and you have to use it to answer questions and draw conclusions.

What skills will I need and develop in this course?
You do not need prior knowledge of economics to take the AS course but you do need good numeracy and literacy skills (hence the entry requirement of B or above in GCSE Maths and English). You also need a strong work ethic and have a genuine interest in the news and current affairs. You will need learn key economic terms and concepts and be able to apply them to given situations.

Contact Us
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Mill Road
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EX20 1PW

t: ​01837 650910
e: admin@okehamptoncollege.devon.sch.uk
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Andrew Sweeney

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  • Home
  • About Us
    • Our mission, vision and values
    • The Oke 8 Habits
    • Equality & Diversity
    • Testimonials
    • Results
    • Ofsted
    • Prospectus
    • In the Media
    • Meet the Staff
    • Wonderwall
    • Dartmoor Multi Academy Trust
    • Local Stakeholder Board
    • Feeder Primary Schools
    • Policies
    • Admissions
    • Climate Champions
  • Parents
    • Website translation
    • Consultation Results
    • Term Dates >
      • Term Dates 2022-2023
      • Term Dates 2023-2024
    • The School Day
    • College Floor Plan
    • Uniform
    • School Dining
    • Attendance >
      • Attendance Expectations
      • Reporting Absence
    • Letters Home
    • Newsletters
    • Other Useful Information >
      • General
      • Year 7 Information
      • Year 8 Information
      • Free School Meals
      • Arbor App and Parent Portal
      • Class Charts
      • School Gateway
    • Parents' Evenings
    • Year 6 Transition Information
    • Behaviour
    • PTFA
    • Pupil Premium >
      • Covid Catch Up Premium
    • SEND and Learning Support
  • Students
    • Code of Conduct
    • College Library
    • Email Office 365
    • Extra-Curricular Activities
    • The CORE Leaders
    • School Council
    • Student Resource Guides
    • Student Wellbeing
  • Curriculum
    • ● Vision
    • ● Curriculum Maps
    • ● Qualifications and Awards
    • English, Literature & Languages >
      • English
      • KS4 English Language
      • KS4 English Literature
      • Media Studies
      • Modern Foreign Languages
    • Maths, Computing & Economics >
      • Mathematics
      • Statistics
      • Computing & ICT
      • Business Studies
      • Economics
    • Science & Technology >
      • Science >
        • A-Level Biology
        • A-Level Chemistry
        • A-Level Physics
        • BTEC Applied Science
      • Technology >
        • Engineering
        • A-Level Product Design
        • A-Level Food Science
      • Health & Social Care
    • Sport & Expressive Arts >
      • Physical Education >
        • PE Gifted and Talented
        • PE Wall of Fame
      • Art >
        • A-Level Art
      • Drama >
        • A-Level Drama
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    • Humanities & Social Sciences >
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      • History
      • PSHE
      • A-Level Geography
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    • Learning Support & Wellbeing
    • ● Curriculum Enrichment >
      • Extra Curricular Programme
      • Extended Learning Days
      • Duke of Edinburgh
      • Music & Performing Arts
      • Enrichment Week
      • Home Learning Support
    • ● The Summer Classroom
    • ● KS3-KS4 Curriculum Choices
    • ● Y11 Exams Support >
      • Exam Information 2022
      • Alternative Timetable Summer 2022
      • Core Subjects >
        • English
        • Mathematics
        • Science
        • Beliefs and Values
      • Options Subjects >
        • Art and Design
        • Business
        • Catering
        • Computer Science
        • Drama
        • Design and Technology
        • Engineering
        • Food preparation and nutrition
        • French
        • Geography
        • Health and Social Care
        • History
        • iMedia
        • Media Studies
        • Music
        • Sport
    • ● Careers and Higher Education >
      • Career Opportunities
      • Careers - Provider access
      • Virtual Work Experience
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      • English, Literature & Languages >
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