Economics is about making choices regarding how best to allocate finite resources to satisfy the society’s unlimited needs and wants. It explores mainly the interactions between governments, consumers and producers. This course will equip students with the ability to analyse and evaluate national and global economic events. You will study micro and macro economics, exploring the role of the consumer and how industry and finance work, and examine the effects of government policies and international markets on an economy. You will also need to be able to analyse and interpret economic data.
6 GCSEs at grade 6+ including a grade 6 in English Language and Mathematics. In addition, all courses have specific GCSE entry requirements which are stated in the course description for each subject.
Paper 1: Markets & Market Failure (written exam – 33.3%) You will study the following topics: • Economic methodology and the economic problem • Individual economic decision making • Price determination in a competitive market • Production, costs and revenue • Perfect competition, imperfectly competitive markets and monopoly • The labour market • The distribution of income and wealth: poverty and inequality • The market mechanism, market failure and government intervention in markets You will be assessed through a combination of short answer and essay questions. Paper 2: The National & International Economy (written exam – 33.3%) You will study the following topics: • The measurement of macroeconomic performance • How the macroeconomy works • Economic performance • Financial markets and monetary policy • Fiscal policy and supply-side policies • The international economy You will be assessed through a combination of short answer and essay questions. Paper 3: Economic Principles & Issues (written exam – 33.3%) This exam will cover all of the topics of papers 1 and 2. Section A will consist of multiple choice questions. Section B will require you to analyse a case study.
About Education Provider
| Region | London |
| Local Authority | Tower Hamlets |
| Ofsted Rating | Good |
| Gender Type | Mixed |
| Address | 125 St Paul's Way, London, E3 4FT |
Economics is about making choices regarding how best to allocate finite resources to satisfy the society’s unlimited needs and wants. It explores mainly the interactions between governments, consumers and producers. This course will equip students with the ability to analyse and evaluate national and global economic events. You will study micro and macro economics, exploring the role of the consumer and how industry and finance work, and examine the effects of government policies and international markets on an economy. You will also need to be able to analyse and interpret economic data.
6 GCSEs at grade 6+ including a grade 6 in English Language and Mathematics. In addition, all courses have specific GCSE entry requirements which are stated in the course description for each subject.
Paper 1: Markets & Market Failure (written exam – 33.3%) You will study the following topics: • Economic methodology and the economic problem • Individual economic decision making • Price determination in a competitive market • Production, costs and revenue • Perfect competition, imperfectly competitive markets and monopoly • The labour market • The distribution of income and wealth: poverty and inequality • The market mechanism, market failure and government intervention in markets You will be assessed through a combination of short answer and essay questions. Paper 2: The National & International Economy (written exam – 33.3%) You will study the following topics: • The measurement of macroeconomic performance • How the macroeconomy works • Economic performance • Financial markets and monetary policy • Fiscal policy and supply-side policies • The international economy You will be assessed through a combination of short answer and essay questions. Paper 3: Economic Principles & Issues (written exam – 33.3%) This exam will cover all of the topics of papers 1 and 2. Section A will consist of multiple choice questions. Section B will require you to analyse a case study.
