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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