Economics
BackEconomics A Level
Economics is the study of how individuals, businesses and countries make decisions given the economic problem of scare resources.
Course Content
The following topics are covered:
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Individuals, firms, markets and market failure |
The national and international economy |
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The economic problem and economic methodology |
The measurement of macroeconomic performance |
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Individual economic decision making |
How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts |
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Price determination in a competitive market |
Economic performance |
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Production, costs and revenue |
Financial markets and monetary policy |
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Perfect competition, imperfectly competitive markets and monopoly |
Fiscal policy and supply-side policies |
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The labour market |
The international economy |
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The distribution of income and wealth: poverty and inequality |
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The market mechanism, market failure and government intervention |
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Learning Methods and Assessment
Pupils will improve their analytical (qualitative and quantitative) and problem-solving skills, think critically as well as develop their awareness of society and economic problems around the world.
Pupils study economic theories and models that underpin economic thinking. They are expected to apply these to different contexts and understand the relationships between various markets and micro-economic and macro-economic issues.
Assessment is through three two-hour exam papers taken at the end of Y13 that are equally weighted.
Unit 1: Markets and Market Failure
Unit 2: National and International Economy
Unit 3: Economic Principles and Issues
Expectations of Students
It is essential to be actively aware of political and economic news which is in constant discussion in class. Students must complete all homework, engage in lessons and do independent learning.
Careers Prospects
Economics A Level is well respected by universities and many students do continue their studies at career level. Common careers include public policy, finance, banking and insurance.
For more information contact Ms Pearson
Awarding Body AQA
Entry Requirements
Grade 7 or above in GCSE Maths and Grade 6 or above in GCSE English Language. APS 6+