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 on	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.