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Covid Update

On Tuesday 29 March, the Secretary of State for Health and Social Care, Sajid Javid, set out the next steps for living with COVID-19 in England from Friday 1 April.

Updated guidance advises:

  • Adults with the symptoms of a respiratory infection, and who have a high temperature or feel unwell, should try to stay at home and avoid contact with other people until they feel well enough to resume normal activities and no longer have a high temperature.
  • Children and young people who are unwell and have a high temperature should stay at home and avoid contact with other people. They can return to college when they no longer have a high temperature, and are well enough to attend.
  • Adults with a positive COVID-19 test result should try to stay at home and avoid contact with other people for 5 days, which is when they are most infectious. For children and young people aged 18 and under, the advice is 3 days.

For education and childcare settings from Friday 1 April:

  • Regular asymptomatic testing is no longer recommended in any education or childcare setting, including in SEND, alternative provision and children’s social care settings. Therefore, we will no longer be able to order test kits .

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SGS College

0800 0567 253
[email protected]

Apply for this course here:
https://www.sgscol.ac.uk/study/alevels/alevel-economics

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Full-time

A-Level Economics Level 3 | GCE AS Level in Economics

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Course
information

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Summary

The study of economics is excellent preparation for those learners wishing to take a degree in economics or business. Economics looks at the choices that individuals, businesses and nations make in response to limited resources. It is a theoretical discipline that attempts to predict future market trends, analyse the relative merits of different types of market and provide advice to governments and international bodies about the likely effects of their economic policies upon individuals, industries and the whole economy.

In this course, you will study the following.

Year 1:

Micro – The operation of markets and market failure

  • Economic methodology and the basic economic problem
  • Markets – supply, demand and price determination; elasticity of demand and supply; interrelated markets
  • Production, costs, revenue and profit
  • Competitive and concentrated markets
  • Market failure – causes and consequences
  • Government intervention to correct market failure; government failure

Macro – The national economy in a global context

  • Macroeconomic performance
  • Circular flow of income
  • Aggregate demand and aggregate supply
  • Macroeconomic policy objectives, including: economic growth and the economic cycle; inflation and deflation; employment and unemployment; balance of payments on the current account; and international competitiveness
  • Government policy, including; monetary policy; fiscal policy; and supply-side policies

Year 2:

Micro – Individuals, firms, markets and market failure

  • Individual economic decision-making, including traditional and behavioural economics
  • Theory of production, costs and revenue
  • Competitive markets and perfect competition
  • Concentrated markets – theory of monopolistic competition, monopoly, oligopoly and contestable markets
  • The labour market – demand, supply and wage determination, trade unions and the National Minimum Wage
  • The distribution of income and wealth
  • Government intervention for environmental market failures

Macro – The national and international economy

  • More theory relating to the macroeconomic objectives, e.g. the quantity theory of money and inflation; voluntary/involuntary unemployment
  • Financial markets and monetary policy
  • The international economy, including globalisation, economic integration, the balance of payments and exchange rates
  • Economic growth and development

How will I know how I am doing?

There are a range of exam questions; the exam papers include multiple-choice, short answer, diagram and calculation questions, and also extended essays. The overall A-level grade will be determined by three 2-hour papers at the end of the course, one based on micro-economics and one on macro-economics, and one synoptic paper.

What do I need to join?

Five GCSEs at grades 4–9, including grade 5/B in English and Maths.

How will I learn?

This A Level course is based at our Filton campus, located in South Gloucestershire which is easily accessible from the city of Bristol by train (Bristol Parkway / Bristol Abbey Wood) and bus.

Previous work

Work Experience

You will be required to do a minimum of 36 hours of work experience. This is usually completed in a week during term time where you will have the opportunity to explore a career field which takes your interest, with the aim of giving you an insight into full-time working life. In the lead-up to this week, you will be asked to create an exciting CV during a group tutorial period.

What can I do next?

Your A-Level in Economics can lead you onto a wide range of degrees, including economics, business, social sciences and engineering. Possible career choices A-level Economics can offer you include accountancy, stockbroking, banking and financial services – however, most require a higher level of education. Economics will boost your employability in many areas, regardless of the industry you work in. This reflects a strong demand for highly numerate graduates throughout the global labour market, and the widely transferable analytical and problem-solving skills developed by economics students.

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course information last updated: Tuesday 24th May 2022 @ 8.30am (19 hours ago)

Full time Prospectus

Full-Time 2022-2023

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AvailabilityOur Full-Time Further Education courses commence in September each year. If you can't find what you're looking for or require further assistance, please contact our Admission team 01453 761165 or email [email protected]

When
Where
Sep 2022
Filton Campus
Sep 2022
Filton Campus
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Course fees explained

The course fee can usually be broken down to three components which are Materials (resources required to study the course, for example stationary, books and other equipment), Tution (teaching, classroom etc) and Exams. Depening on age, financial circumstances and a number of other factors you could be asked to pay the full fee or just elements of it. Usually Learners under 19s studying Full-Time courses have just Material fee costs to pay, over 19s on Full-Time or Part-Time courses usually have materials, exams and tution fees to pay. Find out more about Understanding Fees

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