Economics is based on the study of the factors that influence income, wealth and well-being. It is a social science that incorporates mathematics and statistics at its heart. Using data to interpret and understand trends as well to predict future trends are important methods for A-Level Economics students. For those students not studying mathematics at A-Level, the new Core Maths course provides an essential background of mathematical and statistical experience and confidence.
Core Maths is a Level 3 mathematics course for students in post-16 education who have GCSE Mathematics at Grade C or above but are not taking A-level Mathematics. Core Maths qualifications are offered by various awarding bodies, with a variety of content and assessment styles to suit all needs. All of the courses are designed to help students retain, deepen and extend their mathematical understanding, using mathematics to solve meaningful and relevant problems, and better preparing them for further study, employment and life.
Core Maths is recognised by UCAS, equivalent to an AS level course. Its focus on using and applying mathematics and statistics in the world of work and further study makes it especially useful and relevant for students of A or AS Level Economics. Topics that can be covered in Core Maths courses include:
- Numerical Calculations, including percentages changes, proportion and ratio, indices, exchange rates, growth and decay, supply and demand;
- Statistics, including data interpretation, measures of average and variation and data presentation;
- Probability, including theoretical calculations and risk;
- Graphs, including time-series graphs with interpretation of gradients and intercepts;
- Algebra, including formula and equations.