Exam Board: Edexcel
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.
This qualification is linear; students will sit all exams at the end of their two-year course.
100% Examination – Three exams.
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.
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.