Qualification Code 60141050 What is Economics? Economics is neither an art nor a science subject. It is both. Any student, whether they are numerical or analytical, should consider Economics for their A levels. “Economics is concerned with how society sets about meeting people's demands for things they want to consume. It looks at the production, consumption and sale of goods and services, both at the level of individual products, firms and consumers and at the level of the total production and consumption by countries. It also compares alternative ways of using the limited resources that countries and individuals possess and considers how efficient and/or fair such alternatives are.” The course is split into 4 themes that cover different areas of economics: Theme 1: Introduction to markets and market failure. The nature of economics, how markets work, market failure & government intervention. Theme 2: The UK Economy – performance and policies. Measures of economic performance, Aggregate Demand, Aggregate Supply, National Income, Economic Growth, Macroeconomic Objectives and Policy. Theme 3: Business behaviour and the labour market. Business growth, business objectives, revenues, costs and profits, market structures, the labour market & government intervention. Theme 4: A global perspective International economics, poverty and inequality, emerging and developing economies, the financial sector & the role of the state in the macroeconomy.
Students who have studied GCSE Economics at SJWMS must get a grade 6 or higher in GCSE Economics + a GCSE grade 5 in both Maths and English An average GCSE points score of 5.5, or better if studying 3 A Levels or 8.0, or better if studying 4 A Levels Students who have not studied Economics at GCSE can gain entry via a Grade 6 in both Mathematics and English. Five GCSE grades
A Level Paper 1 – Markets and Business Behaviour – 35% of A Level (Themes 1 and 3). Paper 2 – The national and global economy – 35% of A Level (Themes 2 and 4). Paper 3 – Microeconomics and macroeconomics – 30% of A Level (Themes 1-4).
About Education Provider
| Region | South East |
| Local Authority | Medway |
| Ofsted Rating | Outstanding |
| Gender Type | Boys |
| Address | Maidstone Road, Rochester, ME1 3EL |
Qualification Code 60141050 What is Economics? Economics is neither an art nor a science subject. It is both. Any student, whether they are numerical or analytical, should consider Economics for their A levels. “Economics is concerned with how society sets about meeting people's demands for things they want to consume. It looks at the production, consumption and sale of goods and services, both at the level of individual products, firms and consumers and at the level of the total production and consumption by countries. It also compares alternative ways of using the limited resources that countries and individuals possess and considers how efficient and/or fair such alternatives are.” The course is split into 4 themes that cover different areas of economics: Theme 1: Introduction to markets and market failure. The nature of economics, how markets work, market failure & government intervention. Theme 2: The UK Economy – performance and policies. Measures of economic performance, Aggregate Demand, Aggregate Supply, National Income, Economic Growth, Macroeconomic Objectives and Policy. Theme 3: Business behaviour and the labour market. Business growth, business objectives, revenues, costs and profits, market structures, the labour market & government intervention. Theme 4: A global perspective International economics, poverty and inequality, emerging and developing economies, the financial sector & the role of the state in the macroeconomy.
Students who have studied GCSE Economics at SJWMS must get a grade 6 or higher in GCSE Economics + a GCSE grade 5 in both Maths and English An average GCSE points score of 5.5, or better if studying 3 A Levels or 8.0, or better if studying 4 A Levels Students who have not studied Economics at GCSE can gain entry via a Grade 6 in both Mathematics and English. Five GCSE grades
A Level Paper 1 – Markets and Business Behaviour – 35% of A Level (Themes 1 and 3). Paper 2 – The national and global economy – 35% of A Level (Themes 2 and 4). Paper 3 – Microeconomics and macroeconomics – 30% of A Level (Themes 1-4).
