A Level Economics

What board do we use?


What is Economics?

Economics is the study of scarcity. As a subject, it is concerned with trying to get the most out of the limited resources that planet earth has, in order to best satisfy its population. The subject tries to answer three basic questions: What should we produce? How should we produce it? For whom should we produce? From these basic questions, the subject is developed, dealing both with scarcity issues on a small scale (microeconomics) and those on a larger scale (macroeconomics).

Which subjects combine well with Economics?

Economics combines well with Mathematics as well as complementing Geography and Sociology. Students wishing to study Economics at Degree level may think of combining it with a science subject like Physics or Chemistry.

What opportunities can Economics lead to?

A good grade in Economics at A Level is highly valued by universities and employers because it requires the student to develop a high level of critical thinking and analytical skills. Potential careers include banking, finance, accounting, financial journalism and practice as a private or public sector economist.

However, it is an excellent subject for any degree as a high grade in Economics shows that a student has a wide range of skills which are very attractive to universities and employers.

Economics A Level Course Structure


AS Qualification Accreditation Number: 601/4104/9

AS Economics has two papers:

Component 1:  Introduction to Economic Principles
Written Examination:  1 hour, 40% of the qualification
Compulsory short answers and structured questions covering all AS content
Total 60 marks

Component 2:  Exploring Economic Issues
Written Examination:  2 hours, 60% of qualification
Compulsory data response questions covering all AS content
Total 80 marks

A Level

A Level Qualification Accreditation Number: 601/4103/7

A Level Economics has three papers:

Component 1:  Economic Principles
Written Examination:  1 hour 30 minutes
Multiple choice and short answer questions
30% of qualification

Component 2:  Exploring Economics Behaviour
Written Examination:  2 hours 30 minutes
Compulsory Data Response Questions
30% of qualification

Component 3:  Evaluating Economic Models and Policies
Written Examination:  2 hours 30 minutes
Essay Paper (three essays from a choice of six)
40% of qualification

Application process


Complete our Application form and Medical and SEN declaration form, and send it to us with a copy of your passport and certificates/transcripts of your academic results.


If you meet the entry requirements, we’ll invite you for an interview so we can learn more about you, your goals, and your potential, and you can meet us and learn more about studying at LILA* College.

Welcome to the family!

We’ll offer you a place or let you know why your application was unsuccessful within two working days. Once you’ve accepted the offer and paid your deposit, we’ll start the visa sponsorship process (if applicable) and get ready to welcome you!

Explore more A Levels available at LILA* College…

These are popular A Level subjects to combine with A Level Economics:

LILA* College marries the expertise of London’s David Game College in order to deliver an outstanding level of education for students enrolled on our A Level Programmes.