Economics A Level (See Option Blocks on our website)

Social Sciences

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

What will you be working towards?

Code ND27
Qualification Type GCE A/AS Level or Equivalent
Qualification Level Level 3
Course type Full Time

Overview

Economics is concerned with allocating scarce resources in the most efficient way. Think of your choices about how you spend your money or the choice you make to spend your time doing homework rather than getting a part time job! By learning about economic principles and concepts you will be able to analyse and explain why businesses and individuals react in certain ways when faced with various situations.

Details

Section 1Individuals, firms, markets and market failure

 

This is a micro-economics unit that ensures pupils gain an appreciation of the allocation of resources, the market model and selected aspects of what makes markets efficient or sees them fail.

 

  • The economic problem and economic methodology
  • Individual economic decision making
  • Price determination in a competitive market
  • Production, costs and revenue
  • Perfect competition, imperfectly competitive markets and monopoly
  • The labour market
  • The distribution of income and wealth: poverty and inequality
  • The market mechanism, market failure and government intervention in markets

 

Section 2 � The National and International Economy

 

This unit sees pupils introduced to how levels of macro-economic activity are determined and also investigates key national and international economic indicators, policies and problems.

 

  • The measurement of macroeconomic performance
  • How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts
  • Economic performance
  • Financial markets and monetary policy
  • Fiscal policy and supply-side policies
  • The international economy

How will it be delivered?

A LEVEL � Available in Year 13

 

 

Paper

A-level weighting

            Title

       Duration

1

33.3 %

Markets and Market Failure (Section 1)

2 hours

2

33.3 %

The National and International Economy (Section 2)

2 hours

3

33.3 %

Economic principles and issues (Sections 1& 2)

2 hours

 

Entry requirements

What do I need?

 

  • A general interest in current business, financial and political affairs.
  • An interest in different countries� economic systems � How do

Your next steps...

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