Economics

Science and Mathematics

Science and Mathematics
Science and Mathematics
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What will you be working towards?

Code Ec01
Qualification Type GCE A/AS Level or Equivalent
Qualification Level Level 3
Course type Full Time

Overview

Why study this subject?

The study of economics will help students develop an understanding of economic concepts and theories through a critical consideration of current economic issues, problems and institutions that effect everyday life. They will also develop a multitude of skills, including analytical and quantitative skills in selecting, interpreting and using appropriate data from a range of sources, as well as developing a critical approach to economic models of enquiry and recognising the limitations of economic models. 

Studying economics will help you develop transferable skills that will prepare you for studying at university or moving into the world of work. These include skills in data interpretation and essay writing. Suitable higher education courses include: economics degrees or degrees in applied economics such as environmental economics, labour economics, public sector economics or monetary economics. Economics students can follow a wide range of careers in industry, commerce, finance and the public sector.


Details

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 objectives

• Business growth

• Revenue, costs and profit

• Market structures

• Labour market

• Government intervention.

Theme 4: A global perspective

• International economics

• Poverty and inequality

• The role of the state of the economy

• Emerging and developing economies

• The financial sector.


How will it be delivered?

Paper 1: 2 hours; 35% of the A Level qualification

Questions drawn from Unit 2 and Unit 3

Data response and extended open-ended questions.

Paper 2: 2 hours; 35% of the A Level qualification

Questions drawn from Unit 1 and Unit 4

Data response and extended open-ended questions.

Paper 3: 2 hours; 30% of the A Level qualification

Questions drawn from Units 1, 2, 3 and 4

Data response and open-ended questions based on a pre-released context.


Entry requirements

GCSE grade 6 in Economics and 6 in Mathematics or 6 in Business or English Language or Literature and 6 in Mathematics if not studied previously.

Your next steps...

Please apply directly to our School if you are interested in studying this subject.

admissions@srms.kent.sch.uk