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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:
A Level Examinations
Theme 1
Introduction to Markets and Market Failure
Paper 1: Markets and Business Behaviour a range of multiple-choice and short-answer questions.  One data response question and a choice of essay question
35% of the total Qualification
 
Duration:
2 hours
100 marks available
Theme 3
Business Behaviour and the Labour Market
Theme 2
The UK Economy - Performance and Policies
Paper 2: The National and Global Economy
a range of multiple-choice and short-answer questions.  One data response question and a choice of essay question
35% of the total
Duration:
2 hours
100 marks available
Theme 4
A Global Perspective
 
Holistic Paper on Themes 1-4
Paper 3: Microeconomics and Macroeconomics
Two data response questions from which the students choose one
30% of the total Qualification
Duration:
2 hours
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 6 in Business Studies (if studied).
If Business Studies was not studied, then GCSE Grade 6 or above in both Maths and English Language.