Economics

Course summary

What is Economics? The study of Economics will help students in understanding factors which have a significant impact on the lives of individuals, businesses and society. It helps answer questions such as: Why are the poor, poor and the rich, rich? How can the changes in the European Union affect Britain as a country? How can globalisation help an economy or hinder it? What sets prices and why do they rise and fall? Where can Economics lead me? As a subject, Economics lends itself to a wide variety of careers and not necessarily those in finance. Some of the career options students will have include: Economist; Chartered Accountant; Investment Analyst; Management Consultant. With an Economics qualification, students can find work in both the public and private sectors for a range of different companies over many different industries. Structure of the Course Paper 1: Markets and Business Behaviour 35% How prices are determined. Why is there inequality in society and how to solve it? How can we cure obesity and alcohol problems? Assessment is by data analysis and essays. Paper 2: National and Global Economy – 35% How the economy encourages economic growth and trade, but controls inflation and unemployment. Assessment is by data analysis and essays. Paper 3: Microeconomics and macroeconomics 30% This is a data response synoptic paper encompassing all the topics across both papers over the two years. Exam board: Edexcel (Specification A)