According to the Oxford English dictionary, economics is “the branch of knowledge concerned with the production, consumption, and transfer of wealth”. Arguably, economics ultimately underpins everything we humans do and studying the way in which people and markets interact can explain why people and governments act in certain ways.Economics can be subdivided into two different categories – Macroeconomics, and Microeconomics: Macroeconomics looks at Economics from a broad point of view, analysing the economic output of entire countries. Microeconomics focuses on the actions of individuals and industries within the economy. Topics studied at A Level Individuals, firms, markets, and market failure – Microeconomics 1 Economic methodology and the economic problem 2 Individual economic decision making 3 Price determination in a competitive market 4 Production, costs and revenue 5 Perfect competition, imperfectly competitive markets and monopoly 6 The labour market 7 The distribution of income and wealth: poverty and inequality 8 The market mechanism, market failure and government intervention. The national and international economy - Macroeconomics 9 The measurement of macroeconomic performance 10 How the macroeconomy works: the circular flow of income, AD/AS analysis, 11 Economic performance 12 Financial markets and monetary policy 13 Fiscal policy and supply-side policies 14 The international economy.
All students are required to have a minimum of 5 GCSEs. *This also includes achieving a grade 4 and 5 in GCSE English Language and English Literature and a grade 3 or above in GCSE Maths. Subject specific requirements: Students should have a 6 in Mathematics and if they have taken History or Geography GCSE a 6 or above is required. No experience of Economics is required.
Component 1: Markets and Market Failure 33% of A Level Grade 2 Hour Examination 2 Contexts to choose from, both with data response questions, 3 short answer questions and a 25 essay Component 2: The National and International Economy 33% of A Level Grade 2 Hour Examination 2 Contexts to choose from, both with data response questions, 3 short answer questions and a 25 essay Component 3: Economic Principles and Issues 33% of A Level Grade 30 multi-choice questions and questions based on an unseen case study.
About Education Provider
| Region | London |
| Local Authority | Bromley |
| Ofsted Rating | Good |
| Gender Type | Girls |
| Address | Beaverwood Road, Perry Street, Chislehurst, BR7 6HE |
According to the Oxford English dictionary, economics is “the branch of knowledge concerned with the production, consumption, and transfer of wealth”. Arguably, economics ultimately underpins everything we humans do and studying the way in which people and markets interact can explain why people and governments act in certain ways.Economics can be subdivided into two different categories – Macroeconomics, and Microeconomics: Macroeconomics looks at Economics from a broad point of view, analysing the economic output of entire countries. Microeconomics focuses on the actions of individuals and industries within the economy. Topics studied at A Level Individuals, firms, markets, and market failure – Microeconomics 1 Economic methodology and the economic problem 2 Individual economic decision making 3 Price determination in a competitive market 4 Production, costs and revenue 5 Perfect competition, imperfectly competitive markets and monopoly 6 The labour market 7 The distribution of income and wealth: poverty and inequality 8 The market mechanism, market failure and government intervention. The national and international economy - Macroeconomics 9 The measurement of macroeconomic performance 10 How the macroeconomy works: the circular flow of income, AD/AS analysis, 11 Economic performance 12 Financial markets and monetary policy 13 Fiscal policy and supply-side policies 14 The international economy.
All students are required to have a minimum of 5 GCSEs. *This also includes achieving a grade 4 and 5 in GCSE English Language and English Literature and a grade 3 or above in GCSE Maths. Subject specific requirements: Students should have a 6 in Mathematics and if they have taken History or Geography GCSE a 6 or above is required. No experience of Economics is required.
Component 1: Markets and Market Failure 33% of A Level Grade 2 Hour Examination 2 Contexts to choose from, both with data response questions, 3 short answer questions and a 25 essay Component 2: The National and International Economy 33% of A Level Grade 2 Hour Examination 2 Contexts to choose from, both with data response questions, 3 short answer questions and a 25 essay Component 3: Economic Principles and Issues 33% of A Level Grade 30 multi-choice questions and questions based on an unseen case study.
