Edexcel - Click here for more information
For more information contact Head of Department:
Mrs P Gill - email@example.com
Brief introduction to subject:
Students are expected to keep their notes organised, to review lesson materials regularly, and to read ahead to prepare for forthcoming lessons. They will produce regular written work for marking in order to consolidate learning and assess their progress. In addition, we would like students to increase their awareness of current issues by reading newspapers and dipping into key resources such as the Economist and Economic Review magazines.
The recent ‘credit crunch’ and its continuing aftermath served to reinforce the importance of Economics to our everyday lives.
This course provides an opportunity to examine the different ways that the ‘invisible hand’ guides our everyday lives.
The course covers fours topic areas:
Theme 1: An Introduction to markets and market failure
Theme 2: The UK Economy – performance and policies
Theme 3: Business Behaviour and the Labour market
Theme 4: A Global Perspective
The course contains an element of data analysis and learners are expected to demonstrate skills of both quantitative and qualitative analysis. When considering this course, learners should be aware that they will need to be confident to both read and produce extended pieces of writing as well as analysing statistical data. Some calculations, such as rates of change, will be required.
What our students say
"If you want to actually understand half of what the newspapers are saying, studying economics is the answer."
"It is the most fun subject!"
"What you study is all relevant to everyday life."
Economics - Grade 5
English - Grade 5
Maths - Grade 5
100% Exam Based Subject
Micro: Introduction to Markets and Market Failure
Macro: The UK Economy – Performance and Policies
Micro: Business Behaviour and the Labour Market
Macro: A Global Perspective
Title: Introduction to markets and market failure
Basic microeconomic models such as demand and supply, operation of price mechanism and causes of market failure. Application of these models to a wide variety of contexts Development of a critical approach to economic models and methods of enquiry. Interpretation of statistical and other forms of economic data.
Title: The UK Economy – Performance and policies
Developments in the UK economy and government policies over past 20 years – the economic cycle. The influences of the EU and external events in the international economy on UK economic performance Development of a critical approach to economic models and methods of enquiry. Interpretation of statistical and other forms of economic data.
Title: Markets and Business Behaviour
This paper assess the microeconomic knowledge of candidates. It is based on themes one and three in the A Level Specification.
Title: The National and Global Economy
This paper assess learners knowledge of macroeconomic issues. It is based on themes two and four in the specification.
Title: Micro and Macro Economics
This is a synoptic paper which assesses candidates knowledge across the full range of content from this course.
Economics is suitable for just progression onto a range of Higher Education courses. It is particularly relevant to those learners with an interest in studying politics, sociology, business or law.
Those students with an interest in reading Economics at university would be well advised to consider taking A Level Mathematics alongside Economics.