Economics


At a glance – the CCSS approach

Cambridge is a growing economy – it’s a mecca for innovative, hi-tec, small to medium-size, businesses. These businesses thrive within the entrepreneurial culture of the city.

The people who are successful in launching and developing these knowledge-based firms are often independent thinkers. They adapt their educational, experience and skills to the practical problems they experience in the business world.

Fast track Economics at CCSS is focused not just on the final examination, it also seeks to develop the self-confidence associated with the ability to work independently. In fact this confidence will actually maximise performance in the final examination.

The Cambridge Science Park can be seen as a blueprint for the UK economy in terms of its knowledge-based industries. Economic concepts such as the supply-side of the economy or comparative advantage in a global economy have genuine meaning when applied to the Cambridge Science Park.

This one year course offers students the opportunity to research local companies such as XAAR (print heads) and assess the degree to which the government should intervene in the free market economy to aid their development. Is the German ‘Mittelstand’ concept of a free market economy applicable to the UK ?

These issues have relevance and meaning to an independent thinking student with an ability to build a bridge between the world of academia and the economy.

This is a demanding course in terms of time and commitment. However, the rewards are measured not just in terms of a good grade, but also from the point of view of broadening your horizons and giving you the confidence to take arrive at your own conclusions on a range of important issues.

Exam Board: AQA

Course content and assessment

We start the course by covering important topics such as the laws of supply and demand. You will learn how to apply basic theories to real markets, such as the housing market, or the music industry. You will also study important economic variables such as unemployment and inflation. To take unemployment as an example, you will learn about its causes, the variety of policies that government could use to cure it, and its effects on the economy. Throughout the course, we relate our theoretical ideas to the events of the real world.

You will learn about costs, revenues and profits for firms, and the way businesses operate in various markets. You will find out why workers are paid different wage levels and what economists believe should be done about issues of concern, such as pollution.

You will study international economics, including UK trade with other countries, whether or not the UK benefits from its membership of the EU, and another extremely topical debate… what caused the credit crunch and how can we solve it?

All exams consist of a mixture of multiple choice, data response, and essay questions.

Background needed

Although you do not need to know any Economics when you start, you need to have flair for writing essays and a love of debate. Your most important asset, however, will be an enthusiastic and committed attitude to a subject which we are sure you will find interesting.

Suitable combinations

You can combine Economics successfully with all other A-level subjects, particularly Mathematics and Sciences, English, Modern Languages, History, Geography and Politics.

After A Level

You can take a degree in Economics on its own or in combination and it provides an excellent foundation for related disciplines such as business management, finance and accounting. Careers in consultancy, teaching, journalism and government / administration are common for students who have studied this subject.
Our examination results are consistently outstanding, and our students often take up university places at establishments such as LSE, University College London and Warwick.