Economics
Course summary
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?
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 5.0 or above | — |
Mathematics | Grade 6 in Mathematics | — |
English Language | Grade 6 in English Language | — |
English Literature | Grade 6 in English Literature | — |
As published by the school
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.
Am I eligible?
Eligibility:Sign in to check eligibilitySign in and add your predicted grades to check this course against them — no verdict is implied without your grades.
Assessment
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
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