Economics AS/A2 at Desborough College
We will be teaching the new specification A level Economics from September 2015. This is the Pearson Edexcel specification, the course content for which is highlighted below. Please note that as of September 2015, an AS exam sat will NOT contribute to a final A level grade. They will be regarded as separate qualifications. It is possible to sit an AS in any of your chosen A level subjects and you may then choose not to continue to study the subject in your second year. However, if you do, your AS grade will not form part of the final qualification. In your second year, you will therefore be examined on ALL the topics from the two years of study.
The Pearson Edexcel Level 3 Advanced GCE in Economics A is structured into four themes and consists of three externally examined papers. Students build knowledge and understanding of core economic models and concepts in Themes 1 and 2, and then build on this and apply their knowledge to more complex concepts and models in Themes 3 and 4.
Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the assessments and demonstrate an awareness of current economic events and policies.
Theme 1: Introduction to markets and market failure. This theme focuses on microeconomic concepts. Students will develop an understanding of:
- Nature of economics
- How markets work
- Market failure
- Government intervention
Theme 2: The UK economy – performance and policies. This theme 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
As above PLUS
Theme 3: Business behaviour and the labour market. This theme develops the microeconomic concepts introduced in Theme 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
Theme 4: A global perspective. This theme develops the macroeconomic concepts introduced in Theme 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 macroeconomy
At least a C grade in GCSE Business and a B grade in GCSE English.
How to apply
If you want to apply for this course, you will need to contact Desborough College directly.