Economics

Course summary

Course description In Theme 1 and Theme 2 you will be introduced to the nature of economics, how markets work and why they fail. You will also consider the role of government and the UK economy. In Theme 3 and Theme 4 you will explore how businesses grow and compete, the labour market and how the government intervenes to make markets work better. You will also explore international trade, inequality within and between countries, emerging and developing economies and the public finances. You will also have an opportunity to consider the role and impact of the financial sector. Students studying Economics are required to: ▪ Use and interpret data to analyse economic problems ▪ Keep up to date with national and international trends, developments and news ▪ Analyse potential causes, effects and alternative courses of action facing countries, companies and consumers ▪ Discuss and debate economic issues such as inequality, immigration and how we should pay for healthcare, education and other essential services Course content Paper 1 Markets and business behaviour (35% of overall A Level mark) Paper 2 The national and global economy (35% of overall A Level mark) Paper 3 Micro-economics and macro-economics (30% of overall A Level mark)