Economics

Course summary

This is a highly demanding course that uses equal measures of essay writing, mathematical formulae, analysis of diagrams, economic models and logical thought and evaluation. You will gain an appreciation of the economy from the local level to the global level.Theme 1: Introduction to Markets & Marketing failure • Nature of economics • How markets work • Market failure • Government intervention Theme 2: The UK Economy Perfomance & Policies • Measures of economic performance • Aggregate demand • Aggregate supply • National income • Economic growth • Macroeconomic objectives and policy If continuing with Eonomics in Year 13 all subject material learnt at AS is required for A-Level examinations. The AS grade DOES NOT contribute to the A-Level grade. Theme 3: Business Behaviour & the Labour Market • Business growth • Business objectives • Revenues, costs and profits • Marketing structures • Labour market • Government intervention Theme 4: A Global Perspective • International economics • Poverty and inequality • Emerging and developing economics • The financial sector • Role of the state of the macroeconomy