Economics
Course summary
Component 1 Includes: The economic problem, division of labor, demand and supply, elasticity, taxes and subsidies, externalities and market failure. Component 2 Includes: Government objectives, consumption, investment, balance of payments, fiscal and monetary policy, causes of growth, supply side policies. Component 3 Includes: Business objectives, costs/revenue/profit, market structures, competition policy, wage determination, government intervention. Component 4 Includes: Globalization, financial markets, international competitiveness, exchange rates, measures of development, poverty, strategies to improve development.
Entry Requirements
Checked against your grades — every rule traces to the school's published source.
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As published by the school
No previous study required.
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Assessment
Paper 1 Examines content from component 1 and component 3. This is done through a 2 hour written examination. Paper 2 Examines content from components 3 and 4. This is done though a 2 hour written examination. Paper 3 Examines content from all units. This is done through a 2 hour written examination.
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