Economics

Social Sciences

Social Sciences
Social Sciences
We are only accepting one application per candidate.

What will you be working towards?

Code KE15
Qualification Type GCE A/AS Level or Equivalent
Qualification Level Level 3
Course type Full Time

Overview

  • How to develop an understanding of economic concepts and theories through a critical consideration of current economic issues, problems and institutions that affect everyday life.
  • How to apply economic concepts and theories in a range of contexts and to appreciate their value and limitations in explaining real-world phenomena.
  • How to analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within.
  • How to participate effectively in society as a citizen, producer and consumer.

Details

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How will it be delivered?

Unit 1 - Markets and Business Behaviour

Introduces and develops economics and examines how the price mechanism allocates resources in markets. It analyses the nature of market failure. Students should be able to apply supply and demand analysis to real-world situations; to understand why markets might not allocate resources efficiently and the methods of dealing with market failure, together with an evaluation of their effectiveness. Industrial models will also be covered, ranging from Perfect Competition to Monopoly markets.

Assessment: 2 hour paper

Unit 2 -  National and Global Economy

Introduces and develops the key measures of economic performance and the main objectives and instruments of economic policy. Students should be able to use a range of  economic models to understand why demand and/or supply side policies may be seen as appropriate ways of managing an economy; predict the possible impact of such policies and to recognise the assumptions involved. Students will need to contextualise the UK in the global market, understanding the movement in global powers.

 

Assessment: 2 hour paper

Unit 3 - Microeconomic and Macroeconomic Paper

This paper will be made up of topics from the entire course.

Assessment: 2 hour paper

Entry requirements

Grade 5 in English Language or English Literature and Maths.

If you have studied a Business related GCSE you must have attained at least a Grade 5.

You do not need to have studied Economics and/or Business at GCSE in order to take an A Level course in the subject.

If you have studied a business related subject at GCSE you must have achieved at least a grade 5.

TO ENSURE YOUR SUBJECT CHOICES FIT INTO THE TIMETABLE PLEASE SEE OUR BLOCKING TIMETABLE BY CLICKING ON THE LINK BELOW. SUBJECTS SHOULD BE CHOSEN IN DIFFERENT BLOCKS TO AVOID ANY CLASHES

https://www.kes.sheffield.sch.uk/s/Y12-Subject-Blocks-2021-22-Version-2.pdf

Your next steps...

Students with AS or Advanced GCE Economics have access to a wide range of possible career and higher education opportunities.  You learn and use a variety of transferable skills throughout the course.  These include:

  • Collecting and analysing economic information from different sources.
  • Development of written communication skills.
  • Development of excellent problem-solving and evaluation skills.

These skills are in great demand and are recognised by employers, universities and colleges as being of great value.  Economics combines well with a range of social science and humanities subjects to lead to University courses in such areas as law, accounting, politics business and, of course economics.

 

 

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