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:
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Pricing and the nature of competition
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How firms make output and pricing decisions
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The effectiveness of government intervention within markets
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The application, analysis and evaluation of economic models
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The effectiveness of government policies to overcome the economic problems
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Trends and developments in global markets
Methods of Assessment
In Year 12 candidates take the following units:
A Level Examinations |
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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 QualificationDuration:2 hours100 marks available |
Theme 3 |
Business Behaviour and the Labour Market |
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Theme 2 |
The UK Economy - Performance and Policies |
Paper 2: The National and Global Economya range of multiple-choice and short-answer questions. One data response question and a choice of essay question |
35% of the totalDuration:2 hours100 marks available |
Theme 4 |
A Global Perspective |
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Holistic Paper on Themes 1-4 |
Paper 3: Microeconomics and MacroeconomicsTwo data response questions from which the students choose one |
30% of the total QualificationDuration:2 hours |
Other Information
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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.
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Students have the opportunity to visit actual businesses both in the UK and abroad to put theory into context.
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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.