Economics
Course summary
The course is designed for students who are interested in how our choices govern the way we behave, think and act. It focuses on how we choose to use our resources and the impact our choices have on society. It is an excellent subject to study in preparation for university and will help you better understand the world you live in. Over the whole course students look at topics as broad as poverty and inequality, trade, government economic policy, taxation, behavioural economics and business economics. Paper 1 - Markets and market failure (Microeconomics) Economic methodology and the economic problem Individual economic decision making Price determination in a competitive market Production, costs and revenue Perfect competition, imperfectly competitive markets and monopoly The labour market The distribution of income and wealth: poverty and inequality The market mechanism, market failure and government intervention in markets Paper 2-National and International Economy (Macroeconomics) The measurement of macroeconomic performance How the macroeconomy works: the circular flow of income, AD/AS analysis and related concepts Economic performance Financial markets and monetary policy Fiscal policy and supply-side policies The international economy Paper 3- Economic Principles and Issues (Macro and Microeconomics) This paper combines the subject content from the above two papers. It is intended to assess the ability of students to interrelate economic concepts across both the micro and macroeconomic elements of the course.
Entry Requirements
Checked against your grades — every rule traces to the school's published source.
| Requirement | Rule | You |
|---|---|---|
GCSE qualifications | 6 gcse qualifications at grade 4.0 or above | — |
Economics | Grade 6 in Economics | — |
Mathematics | Grade 6 in Mathematics | — |
English Language | Grade 6 in English Language | — |
English Literature | Grade 6 in English Literature | — |
As published by the school
For A Level courses applicants will need six 4-9 grades including English and Mathematics with a minimum of a grade 6 in their chosen relevant subjects. Students achieving a Level 6 or above in GCSE English and Mathematics
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Assessment
Paper 1 33.3% of A Level (2-hour Written Paper) Paper 2 33.3% of A Level (2-hour Written Paper) Paper 3 33.3% of A Level (2-hour Written Paper)
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