Continuing our A-Level and IB Subject Guide Series, this week we explore A-Level Economics, a subject that provides students with a deep understanding of how economies function, from market forces to government intervention and global trade.
If you’re considering taking A-Level Economics, this guide will help you understand the subject content, how it’s assessed under Edexcel, and how to succeed.
A-Level Economics is the study of how individuals, businesses, and governments make decisions about resources. The course is split into two main sections:
✅ Supply and Demand – Understanding price mechanisms and market equilibrium.
✅ Market Failure – How markets fail and the role of government intervention.
✅ Business Growth and Market Structures – Examining monopolies, oligopolies, and competitive markets.
✅ Labour Markets – The supply and demand of labour, wage determination, and the impact of trade unions.
✅ Government Intervention – The effectiveness of policies such as taxation and regulation.
✅ Economic Growth and Inflation – How economies expand and the impact of rising prices.
✅ Unemployment and Economic Performance – Causes and solutions for joblessness.
✅ Fiscal and Monetary Policy – How governments and central banks manage economies.
✅ Globalisation and International Trade – The impact of global markets and exchange rates.
✅ Financial Markets and the Role of the Government – Understanding banking, credit, and economic policies.
This combination of real-world application and theoretical analysis makes Economics an engaging and valuable subject.
A-Level Economics is 100% exam-based, with three externally assessed papers:
📌 Paper 1: Markets and Business Behaviour (Microeconomics) – 35% of Final Grade
📌 Paper 2: The National and Global Economy (Macroeconomics) – 35% of Final Grade
📌 Paper 3: Microeconomics and Macroeconomics (Synoptic Paper) – 30% of Final Grade
There is no coursework or internal assessment, making A-Level Economics an ideal choice for students who prefer exam-based subjects.
A-Level Economics is a fascinating subject, but some students find certain aspects challenging:
❌ Essay Writing & Evaluation – Students must construct clear, logical arguments and evaluate different economic policies.
❌ Application of Theory – Success requires linking economic models to real-world examples.
❌ Data Interpretation – Understanding graphs, statistics, and economic indicators is essential.
❌ Synoptic Thinking (Paper 3) – Requires knowledge of both micro and macroeconomics and the ability to connect them.
✅ Maths (Grade 6 or higher) – Essential for handling data analysis and calculations.
✅ English (Grade 6 or higher) – Strong essay writing skills are required.
✅ Geography, Business, or History (Grade 6 or higher) – Useful for analytical thinking and case studies.
While GCSE Economics is not a prerequisite, students who have taken it may find the transition easier.
Economics is a highly respected subject and is valuable for a wide range of university degrees and careers.
🎓 Economics
🎓 Business and Management
🎓 Finance and Accounting
🎓 Politics and International Relations
🎓 Law
🎓 Data Science and Analytics
🎓 Banking and Investment
💼 Economist
💼 Investment Banker
💼 Financial Analyst
💼 Policy Advisor
💼 Business Consultant
💼 Risk Analyst
💼 Data Analyst
💼 Accountant
Economics graduates are highly sought after in government, banking, corporate finance, and consultancy firms.
At HRB Education, we understand that A-Level Economics requires critical thinking, strong mathematical reasoning, and excellent essay-writing skills. Our expert tutors provide:
✅ Exam Preparation – Mastering key topics, essay structures, and evaluation techniques.
✅ Real-World Application – Helping students connect theory to current economic issues.
✅ Data Interpretation Support – Developing confidence in handling economic graphs and statistics.
✅ Personalized Study Plans – Ensuring students manage their time effectively.
📢 Want to achieve top grades in A-Level Economics? Contact HRB Education today and let us help you excel!
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