GCE Economics

GCE Economics is a relevant and stimulating subject that allows students to explore economic issues of local, national and international significance.

Through studying GCE Economics, students are able to:

  • recognise the main economic issues that society faces and be able to comment on these in a thoughtful and informed manner;
  • analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it;
  • understand the complexity of economic behaviour and appreciate how economic decision-making and the activities of individuals, businesses, institutions, communities and governments are inter-related; 
  • apply economic concepts and theories in a range of contexts and to appreciate their value and limitations in explaining real-world phenomena; and
  • develop skills, qualities, and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life.

Topics studied during AS and A2 are as follows:

AS Modules Title
1 The market mechanism, market failure and government response
2 The national economy
A2 Modules Title
3 Production and competition
4 The international economy
6 Financial economics

Economics opens up a wide range of opportunities for further and higher education and interesting and rewarding careers. Many students with economics qualifications go on to have successful careers in business, finance, banking, government services, teaching and/or law.

Useful Websites

http://www.tutor2u.net/economics/revision-notes/
Revision notes for AS and A2 from the web’s premier economics website

http://www.tutor2u.net/revision_notes_economics_gcse.asp
Revision notes for GCSE from the web’s premier economics website

http://www.bized.co.uk/virtual/economy/index.htm
The Virtual Economy provided by Bized© allows you to better understand how the economy works by giving you control of the main economic variables.

http://www.bankofengland.co.uk/index.htm
The Bank of England’s website, providing information about the operation of the financial system in the UK.

http://news.bbc.co.uk/1/hi/business/economy/default.stm
Up to date business and economics stories from the BBC.

http://www.economist.com/index.html
The Economist Magazine