A level Economics provides you with a critical understanding of the economic world in which you live by applying economic concepts to real world problems and situations. You will gain a sound knowledge and understanding of economic principle theories, concepts, models and skills.
The department is housed, with Business Studies and Politics, in newly refurbished accommodation in the historic core of Queen's College. 'The Covers', as it is known, comprises purpose-designed classrooms fully equipped with the latest technology to enable the department to make full use of its innovative TROG learning environment, case studies and DVD/television programmes. You do not need to have studied Economics before taking the course.
The AS module comprises two units: competitive markets - how they work and how they fail and managing the economy. These units will provide you with a basic understanding of Economics and help you to consider real world issues such as whether the NHS should be privatised, if road pricing is the solution to traffic congestion or how Russia and Eastern Europe have coped with economic change.
In the second year you will study business economics and economic efficiency and the global economy. Some of the issues covered include: Should the World Bank/IMF write off debts owed by the world’s poorest countries? Should the UK join the EMU? Should the Government introduce a Fat Tax?
All the questions are supported by theory. However, the emphasis of the course is on the application of this theory to real world situations.
You will be required to take an interest in current economic affairs through the watching of relevant television programmes, reading quality newspapers and magazines and using the internet.
A level Economics prepares you for effective participation in society as citizens, producers and consumers and for a variety of careers in business, journalism, accountancy and banking.