Economics is the study of how societies, governments, businesses, households and individuals allocate their scarce resources to produce valuable goods and services, and how these are distributed among different people. This means that as a society, we must make well-informed choices to ensure that our resources are used in the most efficient and ethical way.
Board and specification code
OCR Specification code H460
Is Economics for you?
Economics is for students who are interested in the ever-changing modern world and its interconnectivity. This subject is also about people and how we behave individually as well as in a society. Students will be expected to take an active interest in current affairs, confront serious ethical issues and engage in debate and discussion.
- Component 1: Microeconomics: The study of the economic behaviour of individuals, households and firms (33.33%)
- Component 2: Macroeconomics: The study of the behaviour of whole economies and the role of government policies (33.33%)
- Component 3: Themes in Economics: Explaining and exploring a range of ‘real world’ issues and contexts (33.33%)
Recommended Entry Requirement
At least Grade 7/A in Mathematics GCSE and a genuine interest in current affairs.
Post A Level Options
Students with A Level Economics have access to a wide range of higher education opportunities and possible careers such as law, business, accounting, politics, banking, finance and, of course, economics itself.
Economics is probably the most important subject for life that everyone should study. You understand about your income, and what are taxes and why we pay them. It gives you a real understanding of the world we live in.
Former Channing student