ECONOMICS A LEVEL AND AS LEVEL
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Economics
Course outline
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 economics performance
- Aggregate demand
- Aggregate supply
- National income
- Economic growth
- Macroeconomic objectives and policies
Theme 3 - Business behaviour and the labour market
- Business growth
- Business objectives
- Revenues, costs and profit
- Market structures
- Labour market
- Government intervention
Theme 4 - A global perspectiveBusiness behaviour and the labour market
- International economics
- Poverty and inequality
- Emerging and developing economies
- The financial sector
- Role of the state in the macroeconomy
Assesment
AS level
Paper 1: Introduction to markets and market failure
- Assessment of topics from across theme 1
- 80 marks
- 1 hour 30 minutes written paper
- 50% of total AS level
Paper 2: The UK economy – performance and policies
- Assessment of topics from across theme 2
- 80 marks
- 1 hour 30 minutes written paper
- 50% of total AS level
A level
Paper 1: Markets and business behaviour
- Assessment of topics from across themes 1 and 3
- 100 marks
- 2 hours written paper
- 35% of total A level
Paper 2: The national and global economy
- Assessment of topics from across themes 2 and 4
- 100 marks
- 2 hours written paper
- 35% of total A level
Paper 3: Microeconomics and Macroeconomics
- Assessment of topics from across all four themes
- 100 marks
- 2 hours written paper
- 30% of total A level
Specification
Tutors
BSc (UCL), MSc (Royal Holloway), PGCE (Institute of Education, London)
Frank Rose
MA (Cambridge), MBA (London Business School)
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