Economics
Contact : Mr G Shephard Email : shephardg @ pocklingtonschool . com
Course : A Level Economics Exam Board : Edexcel
Economics is about choice and the impact of our choices on each other . It relates to every aspect of our lives , from the decisions we make as individuals or families to the structures created by governments and firms . The economic way of thinking can help us make better choices ; it is also a theoretical discipline which involves the rigorous use of theory to analyse economic problems .
CONTENT OF COURSE
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
COURSE ENTRY AND QUALIFICATIONS
The intellectual emphasis is on the reading , application and analysis of data in order to come to reasoned conclusions based upon economic theory . The course suits both arts and science students , and will be most accessible to those with good analytical skills . Academic qualifications for the course are the same as the school requirements ; however , the department would expect all candidates to have gained a minimum grade 6 in Mathematics at GCSE .
ECONOMICS AS A QUALIFICATION FOR FURTHER STUDY AND CAREER OPTIONS
Careers and further study in economics are diverse , with job roles covering everything from food and agriculture to business and banking . Depending on your area of interest , studying economics will help you develop analytical skills and useful life skills valued and respected by employers and universities alike .
COURSE OUTLINE
A level ( examining all components of the 2 year course )
PAPER CONTENT MARKS AVAILABLE
Paper 1 Markets and business behaviour – 2 hours
Paper 2 The national and global economy – 2 hours
Paper 3
Microeconomics and macroeconomics – 2 hours
35 %
35 %
30 %
“ Economics is everywhere , and understanding economics can help you make better decisions and lead a happier life .”
Tyler Cowan
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