Why You Should Study Economics A-Level (Even If You Don’t Plan on Studying It at University)

For lots of students, choosing between A-Levels is pretty daunting. I remember how much I wanted to make the right decision (which I mistakenly thought would determine my whole life). Looking back, that’s a lot of pressure for a teenager.

I admit, I had my reservations about studying Economics. This was largely because I believed the common misconception that, in order to do well in Economics A-Level, you need Maths A-Level. I did not have a happy time with Maths GCSE, so Maths A Level just wasn’t on the cards for me.

Fortunately (for me at least), this is nothing more than a misconception. Yes, there is some maths involved with Econ A-Level. Numerical skills are, admittedly, helpful with the quantitative work. However, the absolutely most difficult maths that will be required from you is a percentage change calculation. There are no algebraic equations to solve, no angles to calculate in a triangle. Arguably, the maths involved is actually easier than GCSE maths. Not so bad, right?

Another common misconception is essentially: why bother with Econ if you’ve already chosen Business Studies? Business Studies is also very useful; however, Business Studies mostly focuses on how firms maximise their profits and manage their operations. A-Level Economics, meanwhile, allows you to learn about both individual firms (microeconomics) and the wider economic system (macroeconomics). If you want to study and understand global issues like trade wars and poverty, Economics is for you.

Now, onto what makes Economics A Level both interesting and useful (even if you have no interest in studying it at university).

Firstly, studying economics gives critical and logical thinking skills, which allow you to understand current affairs much better. When the government release their annual budget, you will be able to, independently, consider the pros and cons of their decisions. And, ok, you probably already know what poverty is, and that is unfortunately exists in the world. But where did it come from? What economic policies can be introduced to reduce it? Study economics and find out.

Secondly, A-Level Economics is often complementary to other A-Level subjects. Especially if you’re interested in Geography, Politics or Business Studies, Economics allows you to broaden your understanding of key aspects of human geography, policy creation, and how firms operate that may be less explored in your other A-Levels. Essentially, Economics will help you get better grades in your other subjects!

Finally, think of the excellent university and career prospects. The skills gained from studying A-Level Economics are valuable for various careers: politics, international relations, or journalism. Even if you’re dead set on studying, for example, English Lit at uni, Economics A-Level shows to universities that you are capable of both analysing complex literature, and considering the current economic climate.

If you do decide to study Economics at uni, you’re in luck. Economics graduates consistently out-earn most other degree subjects. With the current state of the job market, Economics is a pretty good bet on getting recruited into an high-paying industry such as banking, management, or consultancy

Written by Florence Nicholls.