Economics

Course summary

This award is a two year A Level qualification. Component 1: Introduction to markets and market failure Component 2: The UK economy- performance and policies Component 3: Business behavior and the labor market Component 4: A global perspective Content Component 1 Includes: The economic problem, division of labour, 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