|Exam Board||Entry Requirements||Subject Leader|
|Edexcel||Grade 6 in GCSE Mathematics
||Mr G Durr|
This course aims to develop an interest in, and enthusiasm for, the Economics. The course enables students to appreciate the contribution of economics to the understanding of the wider economic and social environment, and to develop an understanding of a range of concepts and an ability to use those concepts in a variety of different contexts. We encourage students to use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist. We allow them to understand that economic behaviour can be studied from a range of perspectives, and develop analytical and quantitative skills, together with qualities and attitudes that will equip them for the challenges, opportunities and responsibilities of adult and working life.
Theme 1: Introduction to Markets and Market Failure
This theme focuses on microeconomic concepts. Students will develop an understanding of: nature of economics, how markets work, market failure and government intervention.
Theme 2: The UK Economy (Performance and Policies)
This theme focuses on macroeconomic concepts. Students will develop an understanding of: measures of economic performance, aggregate demand, aggregate supply, national income, economic growth and macroeconomic objectives and policy.
Theme 3: Business Behaviour and the Labour Market
This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of: business growth, business objectives, revenues, costs and profits, market structures, labour market and government intervention.
Theme 4: A Global Perspective
This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of: international economics, poverty and inequality, emerging and developing economies, the financial sector and role of the state in the macroeconomy.
This A-Level is assessed by three externally assessed written papers. These are:
- Paper 1 draws on the topics of markets and business behaviour. It assesses students' understanding of microeconomics and questions draw on Themes 1 and 3.
- Paper 2 draws on the topics of national and global economies. It assesses macroeconomics and draws on Themes 2 and 4.
- Paper 3 assesses content from all four Themes, assessing students' understanding of both micro- and macroeconomics.
Progression into Higher Education/Vocational Destinations
Economics is a social science and provides a bridge between Arts & Science subjects. Virtually any subject combination could be considered. Economics is a very popular subject at university. It is highly regarded by many employers and many students find work in the City of London. It is also a good subject for progression in public service careers and administration.