Economics

Courses...

Economics A Level

Overview

This A Level introduces students to economics through building knowledge of core microeconomic, macroeconomic and business concepts. Students then apply this knowledge to business contexts in the assessments at the end of each year. Students study 4 themes over a 2 year programme of study:

There is no coursework in this A Level. It is 100% examination assessed at the end of Year 13. 5 GCSEs at grades 9-4, including Maths grade 5 and English Language

Theme 1: Markets, Consumers and Firms Theme 2: The Wider Economic Environment

Scarcity, choice and potential conflicts Enterprise, business and the economy Sources and methods of finance Introducing the market Market failure and government intervention Revenues, costs, profit and cash Business growth and competitive advantage Marketing and elasticities of demand Increasing business efficiency Life in a global economy The economic cycle Introduction to macroeconomic policy.

Theme 3: The Global Economy

Globalisation Business expansion Global marketing Multinational corporations Global labour markets Inequality and redistribution

Theme 4: Making Markets Work

Competition and market power Market failure in business Market failure across the economy Macroeconomic policies and impact on firms and individuals Risk and financial sector

Entry Requirements

Economics 14