Economics, they say, makes the world go round. Few decisions are taken that are not influenced to some degree by economics. This thought-provoking course offers the opportunity to learn about the latest economic theories and practice in the context of different economic issues both nationally and internationally. The course allows to explore the fundamental forces which affect our lives, such as employment, prices, international trade and poverty. Economists are often in healthy debate with each other over these issues. It is this controversy which makes Economics lively and interesting. This course will develop a range of skills which will enable you to progress in a business environment and provides you with an array of subject-specific and transferable skills highly sought after by employers and top universities.
Theme 1: Introduction to markets and market failure
● nature of economics
● how markets work
● market failure
● government intervention.
Theme 2: The UK economy – performance and policies
● measures of economic performance
● aggregate demand
● aggregate supply
● national income
● economic growth
● macroeconomic objectives and policy.
Theme 3: Business behaviour and the labour market
● business growth
● business objectives
● revenues, costs and profits
● market structures
● labour market
● government intervention
Theme 4: A global perspective
● international economics
● poverty and inequality
● emerging and developing economies
● the financial sector
● role of the state in the macroeconomy.
Paper 1 – 2 hours (35%)
Comprises of a range of multiple choice questions, short answer questions, data response and extended open-response questions; all based on Themes 1 & 3.
Paper 2 – 2 hours (35%)
Comprises of a range of multiple choice questions, short answer questions, data response and extended open-response questions; all based on Themes 2 & 4.
Paper 3 – 2 hours (30%)
Comprises two sections. Each section comprises one data response question broken down into a number of parts, including a choice of extended open-response questions; students select one from a choice of two and are required to apply their knowledge and understanding, make connections and transfer higher-order skills across all four themes.
Six 9-5 (A*-C) GCSE grades with at least four at grade 6 (B) including grade 6, in English and Mathematics in other subjects to be studied at A level
You could take this course to complement other Advanced level courses which could lead onto higher education in areas of Economics, Business Studies, Accounting, Marketing or more general higher education courses. With further training, you could go into a job related to economics, business, marketing, finance and accounting, human resources and public relations. You could also go straight into employment as the qualification could help you do a trainee management course within a company to gain the skills, understanding and experience that they require so you can progress to working at management level.