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Economics

Exam Board - Edexcel

Course Content

Economics is a conceptual subject which contains aspects of Maths, Politics and Business Studies. It involves the study of:
  • Pricing and the nature of competition
  • How firms make output and pricing decisions
  • The effectiveness of government intervention within markets
  • The application, analysis and evaluation of economic models
  • The effectiveness of government policies to overcome the economic problems
  • Trends and developments in global markets

Methods of Assessment

In Year 12 candidates take the following units:

AS Examinations

Theme 1
Introduction to Markets and Market Failure
A range of multiple choice questions
Two optional data response questions are set; candidates answer one
1 hour 30 min exam
50% of total AS
 
Theme 2
The UK Economy – Performance and Policies
 
Eight compulsory supported multiple choice questions
Two optional data response questions are set; candidates answer one
1 hour 30 min exam
50% of total AS
 
In Year 13 the A-level course consists of two exams:
  • Unit 3  Business economics and economic efficiency – 8 compulsory supported multiple choice questions
          Two optional data response questions are set; candidates answer one
  • Unit 4 The global economy - 1 of 2 data responses, 1 of 3 essays

Other Information

  • The course will be related to the national economy and students will be encouraged to take an interest in the current economic situation both nationally and internationally.
  • Students have the opportunity to visit actual businesses both in the UK and abroad to put theory into context.
  • Guest speakers from industry are invited to speak to students on alternative weeks.

Entry Requirements

GCSE B in Business Studies (if studied).
If Business Studies was not studied then GCSE B grades in both Maths and English Language.