Economics A level at Valentines High School
Year 12 Outline
The first theme is called “The operation of Markets and Market Failure”and covers the fundamental knowledge needed to better understand Economic methodology and use that methodology on a range of current micro economic problems and issues, including environmental issues.
The second unit is called “The national economy in a global context” and this unit considers the economic climate and how the economy works. It looks at economic policy, the performance of the economy and the measurement of that performance.
Year 13 Outline
Year 13 builds and extends on the two themes from the AS level and you will study in depth individual firms markets and market failure which includes themes such as demand and supply, competition, monopolies, production costs and revenues, the labour market, income distribution and inequality. It also looks at market failure in the world of business and economics and how governments intervene.
Furthermore you will extend the second theme, and study “The national and international Economy”.In this unit, students consider why certain markets fail; how government decision making affects the economy and markets in which companies operate; and the income and welfare of private individuals. The unit should enable students to assess why government economic policy can succeed or fail and why regulation of some markets is necessary.
GCSE grade B in English language and Maths.
At the end of the course the examinations will consist of three written papers. Paper one focuses on individual firms markets and market failure, paper two examines the national and international Economy. Furthermore there is a third paper, which focuses on Economic principles and issues. These papers are two hours long.
Our students will be able to confidently apply for Economics courses at university. Following success at university many of them will be able to pursue future careers in areas such as accountancy, banking and business management.
How to apply
If you want to apply for this course, you will need to contact Valentines High School directly.