Economics at A level is assessed entirely by exam. Through this course students will be encouraged to develop an understanding of economic concepts and theories, through critical consideration of current economic issues, to appreciate their value and limitations in explaining real world events. In year 12 students will develop an understanding of Economic methodology and the economic problem, the market mechanism, market failure and government intervention in markets and also Macroeconomic policy. In year 13 students will develop and understanding of Perfect competition, imperfectly competitive markets and monopoly, the labour market, Financial markets and monetary policy and Fiscal policy and supply‐side policies.
The A level is assessed across 3 exams totalling 6 hours in length. Each unit carries equal weighting. Students who study Economics are encouraged to participate in the annual LIBF Student Investor Challenge. They are also encouraged to take the LIBF Certificate in Finance to complement their studies.
The Level 2 London Institute of Banking and Finance (LIBF) Certificate in Financial Education is currently taught to all year 11 students. The qualification is equivalent to a single GCSE. The course is assessed across 3 units and uses a combination of multiple choice questions for units 1 and 2 and written answers for unit 3. The content of the 3 units covers: Unit 1 - Finance, the Individual and Society, Unit 2 - Practices of Managing Money, Unit 3 - Financial Capability, Work and Enterprise. The course therefore provides an excellent introduction to effective decision-making in financial situations. The course is also a good introduction to the content and assessment methods used in the Level 3 LIBF qualifications that can be studied in the sixth form.
Students can choose to study a qualification in finance as an additional subject.
The Level 3 London Institute of Banking and Finance (LIBF) Certificate in Financial Studies provides a good introduction to finance. The qualification is equivalent to an AS Level and therefore receives UCAS points. Students study two units and are assessed through a combination of multiple choice questions and also essay responses based on 2 pre-seen case-studies. Unit 1 covers financial capability for the Immediate and short term and includes areas such as the purpose of money, current accounts, saving accounts, borrowing products, budgets and dealing with debt. Unit 2 covers financial capability for the medium and long term and builds on the concepts already studied in Unit 1 and also covers the influence of needs, wants and aspirations, planning for finance, sources of advice and budgeting for future events.
On successful completion of the certificate, students may opt, time permitting, to complete the Level 3 London Institute of Banking and Finance (LIBF) Diploma in Financial Studies, which is equivalent to an A Level and therefore also receives UCAS points. Students study two units and are assessed through a combination of multiple choice questions and also essay responses based on 2 pre-seen case- studies. The course includes the sustainability of an individual's finances and the sustainability of the financial services system.
Students who study Finance are encouraged to participate in the annual LIBF Student Investor Challenge and may also choose to apply to attend their Autumn University.