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Economics

Course Content

Examinations are a mixture of multiple choice, short-answer and data response questions and essays.

Paper 1: Markets and business behaviour (35% of A Level), 2 hours, 100 marks Tests Themes 1 and 3.
Paper 2: The national and global economy (35% of A Level), 2 hours, 100 marks Tests Themes 2 and 4.

Paper 3: Microeconomics and macroeconomics (30% of A Level), 2 hours, 100 marks Tests all four Themes.

Theme 1: Introduction to markets and market failure
This theme focuses on microeconomic concepts. Students will develop an understanding of:

  • The nature of economics
  • How markets work
  • Market failure
  • Government intervention

Theme 2: The UK economy – performance and policies
This theme focuses on macroeconomic concepts. Students will develop an understanding of:

  • Measures of economic performance
  • Aggregate demand and supply
  • National income and economic growth
  • Macroeconomic objectives and policy

Theme 3: Business behaviour and the labour market
This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics:

  • Business objectives and growth
  • Revenues, costs and profits
  • Market structures
  • Labour market

TEACHER TO CONTACT:
Claire Batt

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