Economics

Exam Board: Edexcel

 

Course Content:

Theme 1 - Introduction to Markets and Market Failure

This theme focuses on microeconomic concepts, which look at how markets work.  Students will develop an understanding of: Nature of Economics, How Markets Work, Market Failure and Government Intervention.

 

Theme 2 - The UK Economy – Performance and Policies

This theme focuses on macroeconomic concepts. Students will develop an understanding of: Measures of Economic Performance, Aggregate Demand, Aggregate Supply, National Income, Economic Growth and Macroeconomic Objectives and Policy.

 

Theme 3 - Business Behaviour and the Labour Market

This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics.   Students will develop an understanding of: Business Growth, Business Objectives, Revenues, Costs and Profits, Market Structures, the Labour Market and Government Intervention.

 

Theme 4 - A Global Perspective

This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of: International Economics, Poverty and Inequality, Emerging and Developing Economies, The Financial Sector and Role of The State in the Macroeconomy.

 

Assessment:

This qualification is linear; students will sit all exams at the end of their two-year course.

 

100% Examination – Three exams.

 

Career Opportunities:

Economics is a rigorous academic subject, which is well respected by both universities and employers. Recent students have gone on to study a variety of degree courses at a range of universities including Oxford. Examples of degrees studied include Economics and Management, International Business, Law, Politics, Accounting/Finance and of course Economics.

 

 

Entry Requirements:

Grade 6 in GCSE Maths and English.  A minimum of 5 GCSE’s grades 9-4, or grade equivalents. An interest in current affairs is essential.