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Economics


Economics is a social science that studies how economic agents – consumers, producers and governments – allocate limited resources in order to satisfy unlimited wants. The study of A-Level Economics develops in students 21st century competencies, a set of knowledge, skills, and values and attitudes that prepare students for a dynamic and interconnected world.

The H1 Economics syllabus provides the basis for a broad understanding of economic. Concepts and tools of analysis so that they are able to appreciate economics from the perspectives of different economic agents. Students will also better appreciate the economic issues and policy considerations which they encounter in everyday life.

The H2 Economics syllabus provides students with an understanding of fundamental economic concepts, theories and principles, and of the tools and methods of analysis used by economists to explain and analyse economic issues. Through the application of economic concepts, theories and principles, students develop the capacity to assess the role of economic agents in the allocation of scarce resources and adopt multiple perspectives in understanding real-world economic issues. By critically examining and reflecting on these issues in a reasoned and informed manner while taking into account the perspectives of various economic agents, students are able to arrive at reasoned conclusions and informed decisions. In addition, students develop the ability to recognise the trade-offs and consequences, both intended and unintended, that result from decisions made at the individual, national and international levels.

 

For more information on the H1 and H2 Economics syllabus, you may refer to the following links:

H1 Economics

H2 Economics