Economics is essentially the study of the material aspects of life.
More specifically "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.”
Students have to master the new language, methodology and content of the subject and learn to apply theoretical concepts to complex situations. Pupils are expected to have a lively curiosity about the world due to the contemporary emphasis of the subject. Department Results at A Level are outstanding.
The new Linear A Level Specification (From September 2015)
Edexcel Economics A 9EC0
The A level is structured into four themes with three externally assessed examinations.
Theme 1 Introduction to markets and market failure
The nature of economics; How markets work; Market failure; Government intervention
Theme 2 The UK economy – performance and policies
Measures of economic performance; Aggregate demand; Aggregate supply; National income; Economic growth; Macroeconomic objectives and policy
Theme 3 Business behaviour and the labour market
Business growth; Business objectives; Revenues, costs and profit; Market structures; The labour market; Government intervention
Theme 4 A global perspective
International economics; Poverty and inequality; Emerging and developing economies; The financial sector; Role of the state in the macroeconomy
Paper 1 Markets and business behaviour
Assessing Theme 1 and 3, 2 hours, 35%
Paper 2 The national and global economy
Assessing Theme 2 and 4, 2 hours, 35%
Paper 3 Microeconomics and macroeconomics
Assessing all themes, 2 hours, 30%
Miss A Conway - Head of Economics
Also runs the Young Enterprise Company at FHS and teaches Mathematics in addition to Economics.