Economics is present in almost every aspect of our lives. Studying A level Economics gives you an understanding of the inner workings of the world we live in, from what determines the price of goods to why the average standard of living differs widely between countries. Economics is taught at Abingdon School.
Theme 1: introduction to markets and market failure (nature of economics; how markets work; market failure; government intervention).
Theme 2: the UK economy – performance and policies (measures of economic performance; aggregated demand and supply; national income; economic growth; macroeconomic objectives and policies).
Theme 3: business behaviour and the labour market (business growth; business objectives; revenues, costs and profits; market structures; labour market).
Theme 4: a global perspective (international economics; poverty and inequality; developing economies; the financial sector; role of the state in the macroeconomy).
Assessment (three 2–hour papers)
Paper 1: markets and business behaviour (multiplechoice, short-answer, data-response and essay questions assessing themes 1 and 3)
Paper 2: the national and global economy (multiplechoice, short-answer, data-response and essay questions assessing themes 2 and 4)
Paper 3: microeconomics and macroeconomics (dataresponse and essay questions assessing all four themes)
This course contains no coursework.
A* in A level Economics in 2023
A*–A in A level Economics in 2023
A*–B in A level Economics in 2023
“It is an excellent subject and provides you with a solid skills base. The ability to question things and look for underlying causes and incentives is very useful in academic study and the work place.”
“Go for it! Economics is about a different way of thinking and looking at the world. You can apply the economic way of thinking to almost everything.”
Together with students from Abingdon School, you will have a wide variety of opportunities to engage with the subject outside of the curriculum. Griffenomics is the department’s in-house magazine, written and edited by students. All economics students are invited to contribute to this biannual publication. There are a wide range of competitions available to you and entry is very much encouraged and supported. These involve, for example, essay competitions from the Royal Economic Society, the Institute of Economic Affairs and from Cambridge’s Marshall Society, as well as a blog competition run jointly by the FT and the Bank of England. The department also looks to host talks and go on day trips as and when suitable opportunities arise.