Economics looks at how decisions about the allocation of resources are made at all levels of society, from the individual to the international level. Microeconomics examines the decisions and behaviour of individuals, consumers and firms (companies). Macroeconomics focuses at the level of whole countries or the international economy.In this course, you will examine questions such as: how are wages determined? Why are some countries richer than others? What are recessions and what should we do about them?
To study 3 subjects: 6 GCSE passes at grades 9 - 5 including grade 6 in English and Maths. A keen interest in Economics and English and Maths grades 9–6.
Components: Three examination papers (33.3% each) − Paper 1: individuals, firms, markets and market failure: economic methodology and economic problem; individual economic decisions making; price determination in a competitive market; production, costs, and revenue; perfect competition, imperfectly competitive markets and monopoly;labour market; distribution of income and wealth, poverty and inequality − Paper 2: the national and international economy: financial markets and monetary policy; fiscal policy and supply-side policies;international economy − Paper 3: applications of microeconomics and macroeconomics
About Education Provider
| Region | London |
| Local Authority | Brent |
| Ofsted Rating | Outstanding |
| Gender Type | Mixed |
| Address | East Lane, North Wembley, HA0 3NT |
Economics looks at how decisions about the allocation of resources are made at all levels of society, from the individual to the international level. Microeconomics examines the decisions and behaviour of individuals, consumers and firms (companies). Macroeconomics focuses at the level of whole countries or the international economy.In this course, you will examine questions such as: how are wages determined? Why are some countries richer than others? What are recessions and what should we do about them?
To study 3 subjects: 6 GCSE passes at grades 9 - 5 including grade 6 in English and Maths. A keen interest in Economics and English and Maths grades 9–6.
Components: Three examination papers (33.3% each) − Paper 1: individuals, firms, markets and market failure: economic methodology and economic problem; individual economic decisions making; price determination in a competitive market; production, costs, and revenue; perfect competition, imperfectly competitive markets and monopoly;labour market; distribution of income and wealth, poverty and inequality − Paper 2: the national and international economy: financial markets and monetary policy; fiscal policy and supply-side policies;international economy − Paper 3: applications of microeconomics and macroeconomics
