OCR A Level Economics
Economics has been designed to be an engaging and relevant qualification for today’s students. Its specification provides a strong grounding in microeconomics (looking at the individual consumer or firm and the role of government involvement in each) and macroeconomics (which considers the broader national and global economy), with content that relates to every aspect of our lives and the world around us. The economy is debated relentlessly in the news, from the oil crisis of the 1970s, the recessions of the 1980s, the early 1990s and the ‘Financial Crisis’ of 2008/9, to today’s Covid-19, and how they affect our well-being and wealth.
The content of A Level Economics is designed so that students learn concepts, which they can then apply to a variety of real-life contexts and consider how different theories and assumptions lead to different outcomes (which politicians may adopt as they see fit!). Economics equips students with the skills and confidence to explore. It provides an excellent basis for further study at university. By learning how to explain and evaluate economic problems and possible solutions, students will acquire a way of thinking as economists and develop a logical approach to thinking and reasoning.
There are three mandatory components, focusing on microeconomics, macroeconomics and themes in economics. The A Level structure is simple and straight-forward with no coursework, just three two-hour examinations at the end of the course. We aim to encourage students to become responsible for their own learning and confident in discussing ideas, which will be innovative and engaging. An understanding of economics can open any number of doors at university or later in life as you choose an occupation to pursue. Whatever the profession, they all demand an understanding of the economy as it affects them all.