Economics

Overview

Students studying the subject at A Level follow the Edexcel A specification. During the course the following topics are covered.

Year 12	Year 13
Theme 1: Introduction to markets and market failure. Microeconomics. Students will develop an understanding of: Nature of economics How markets work Market failure Government intervention Theme 2: The UK economy – performances and policies. Macroeconomic concepts. Students will develop an understanding of: Measures of economic performance Aggregate demand Aggregate supply National income Economic growth Macroeconomic objectives and policyet failure Theme 2: The UK economy – performance and policies	Theme 3:Business behaviour and the labour market Students will further their study of microeconomics by developing an understanding of: Business growth Business objectives Revenues, costs and profits Market structures Labour market Government intervention. Theme 4 – A global perspective. Students will further their study of macroeconomics by developing an understanding of global economics: International economics Poverty and inequality Emerging and developing economies The financial sector Role of the state in the macroeconomy.

Year 12

Year 13

Theme 1: Introduction to markets and market failure.

Microeconomics. Students will develop an understanding of:

Theme 2: The UK economy – performances and policies.

Macroeconomic concepts. Students will develop an understanding of:

Theme 2: The UK economy –

performance and policies

Theme 3:Business behaviour and the labour market

Students will further their study of microeconomics by developing an understanding of:

Theme 4 – A global perspective.

Students will further their study of macroeconomics by developing an understanding of global economics:

Role of the state in the macroeconomy.

For more detailed information about the course content and assessment requirements, please refer to the examination board website.

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