Economics
Minimum Entry Criteria
Desired: 7 in Maths and/or 6 in English Language
Essential: 6 in Maths and/or 6 in English Language
Board
Edexcel
Outline of the Course
Unit 1: Introduction to markets and market failure
- This unit focuses on microeconomic concepts. Students will develop an understanding of nature of economics; how markets work; market failure; government intervention.
Unit 2: The UK economy – performance and policies
- This unit focuses on macroeconomic concepts. Students will develop an understanding of measures of economic performance; aggregate demand; aggregate supply; national income; economic growth; macroeconomic objectives and policy.
Unit 3: Business behaviour and the labour market
- This unit develops the microeconomic concepts introduced in Unit 1 and focuses on business economics. Students will develop an understanding of business growth; business objectives; revenues, costs and profits; market structures; labour market; government intervention.
Unit 4: A global perspective
- This unit develops the macroeconomic concepts introduced in Unit 2 and applies these concepts in a global context. Students will develop an understanding of international economics; poverty and inequality; emerging and developing economies; the financial sector; role of the state in the macro economy.
Assessment
Type of Assessment |
Duration |
Weighting |
|
1 |
Markets and Business Behaviour: questions will be drawn from Units 1 and 3 |
2 hours, 100 marks |
35% |
2 |
The National and Global Economy: questions will be drawn from Units 2 and 4 |
2 hours, 100 marks |
35% |
3 |
Microeconomics and Macroeconomics: questions will assess content across all four units |
2 hours, 100 marks |
30% |
Sixth-Form-Programme-of-Courses-2023.pdfEconomics Summer and Endeavour Tasks
