Cambridge International AS and A Level Economics (9708)
Why study Economics?
Economics is a highly thought of subject by top Universities and can help open up interesting and lucrative careers in many sectors of the economy such as Banking, Finance, Consultancy or Accountancy.The study of economics involves analysing real world situations, using economic theory to explain whats happening, and making decisions based on the evidence.
You look at companies, markets, industries, economies and the global economy in an international context. The syllabus covers a range of basic economic ideas, including an introduction to the price system and government intervention, international trade and exchange rates, the measurement of employment and inflation, and the causes and consequences of inflation. Learners also study the price system, the theory of the firm, market failure, macroeconomic theory and policy, and economic growth and development.
Can I be good at Economics?
Economics A-Level is open to students who have not studied Economics before. Study does suit; logical thinkers with a good grasp of language, an interest in how countries become more wealthy or sustainable, and an interest in why customer buy and why firms sell.
Economics requires: – Logical thinking for multiple choice questions that make up 35% of the A-Level – Analytical writing that asks you to analyse economic data that makes up 25% of the A-Level – Evaluative and developed writing that needs a longer “essay” style that makes up 40% of the A-LevelFor those of you who enjoyed GCSE the A-Level studies a very similar range of topics but you study in more depth. Often good students at GCSE can make good students at A-Level.
Something to think about
30 years ago Chinese tourists enjoyed going to Vietnam. Today Chinese tourists are more likely to enjoy Thailand, South Korea, Australia, or New Zealand. Can you explain why?
Many developing countries rely on primary industries such as mining coal, oil or agriculture. Developed countries recommend education and developing a service sector such as banking as a way forward.
Why might this be the case?
Do I make sensible choices when I shop?
Can you explain your answer?
What should the state or the government provide?
Should the government:
– provide education and raise funds for this through taxation?
– give money to new businesses to help them get going?
– encourage businesses to locate in areas where there are lots of people looking for work?
– invest in roads and railways?
As Huawei, Samsung and Apple battle to be the top provider of smart phones in the world the price of the latest “best” phone, such as the iPhone 11 keeps going up. Why is this?
If you find the questions interesting then Economics could be for you!
Economics results at A-Level have meant fantastic places at top Universities. Results do matter and if you study Economics you will be supported with the recommended texts and latest thinking on the subject at A-Level. As a student you are expected to do more than just turn up. As with all A-Levels, Economics is a competition and requires you to develop your skills and knowledge through completion of class and homework to get the best results.