Economics and Business: A-Level

Course Description
It doesn’t matter if you haven’t studied Business prior to taking this course. You might have an interest in business and want to start your own one day. You may have an enquiring mind and be interested in learning about the world around you, how businesses are set up, and what it is that makes someone a great entrepreneur. This course will help you to understand all this and more. 
 
Course Outline
 
Year 1 (AS Level)
 
Unit 1: Markets, consumers and firms 
Students will develop an understanding
of: Scarcity, choice and potential conflicts; enterprise, business and the economy, introducing the market, the role of credit in the economy, market failure and government intervention and revenue, costs, profits and cash.
Unit 2: The wider economic environment
Students will develop an understanding of: business growth and competitive advantage; firms; consumers and elasticities of demand; productive efficiency; life in a global economy; the economic cycle; introduction to macroeconomic policy.
 
Year 2 (A2 Level)
 
Unit 3: The global economy
This theme develops the concepts introduced in Theme 2. Students will develop an understanding of: globalisation; economic factors in business expansion; impact of globalisation on global companies; impact of globalisation on local and national economies; global labour markets; inequality and redistribution.
 
Unit 4: Making markets work 
This theme develops the concepts introduced in Theme 1. Students will develop an understanding of: competition and market power; market power and market failure; market failure across the economy; macroeconomic policies and impact on firms and individuals; risk and the financial sector.
 
Course Assessment
There is no coursework in AS or A2 Economics and Business. If you prefer coursework, you should consider the BTEC Level 3 in Business course instead. 
Students will sit two exams in Year 12; both are 1 and a half hours. A2 is three 1 and a half hour exams. 
 
Career Opportunities and Progression to University
Economics and Business can lead to a wide range of careers. It is an excellent stepping stone to the next level of academic study at university in a number of different disciplines. It will also provide you with a sound base for entering the business world of work, again in a wide range of fields. Economics and Business is a subject particularly well suited to those who want to pursue a career in accountancy, banking, finance and commerce. However, other students choose Economics and Business as a knowledge of business will help them in any future career. 
Economics and Business goes very well with almost any other A Level subject. Indeed, students choosing Economics and Business, study a wide range of other A Levels. Many students studying A Level Economics and Business choose to pursue degrees in such areas as Economics, Business, Accountancy, Marketing and Human Resources. 
 
Subjects related to Business are the most popular choice of degree and are highly valued by employers. Courses include degrees in Accounting, Law, Human Resources, Marketing as well as Economics and Social Sciences. Many institutions also offer general Economics and Business and Management courses. A wide range of universities offer Business related courses; therefore, entry criteria varies according to different universities.