Economics *FEES PAYABLE* at Canford School
AS - 2 units: 2 exams taken in June of L6 (Year 12)
Unit 1 Economics: Markets and Market Failure
50% of AS, 25% of A Level, 1 hour 15 minutes examination 75 marks (100 UMS)
Section A: 25 compulsory objective test items (25 marks)
Section B: Two optional data response questions are set; candidates answer one (50 marks) 50% of AS, 25% of A Level, 1 hour 15 minutes examination 75 marks (100 UMS)
Unit 2 The National Economy (Same structure as Unit 1)
A2 - 2 units: 2 exams taken in June of U6 (final year)
Unit 3 Business Economics and the Distribution of Income
25% of A Level, 2 hour examination, 80 marks (100 UMS)
Section A: Two optional data response questions are set; candidates answer one. (40 marks). One question will always relate to the global context and the other to the European Union context.
Section B: Three optional essay questions are set; candidates
answer one.(40 marks)
Unit 4 The National and International Economy (Same structure as Unit 3)
A Brief description of the Course:
At AS and A2 Economics is divided into:
1. Microeconomics, the study of individual decision making by households and firms, for instance price determination (AS) or wage determination (A2). By using supply and demand analysis and logical processing, pupils investigate the allocation of resources, market failures such as monopoly and demerit goods, as well as addressing critical issues such as pollution, externalities and congestion, assessing the policies used in terms of cost/benefit analysis and effectiveness.
2. Macroeconomics, which is the study of the major issues of inflation, unemployment, growth and the balance of payments, with a consideration of the use of fiscal, monetary and supply side policies to address them. The role of government and its success and failure is analysed in a non-political manner. In the A2, there is a widening focus on EU and global issues.
A discursive and debating approach to teaching allows access to both the numerate and the literate, though there is a significant correlation between performance in Economics and Mathematics. The combination of analytical based argument and subjective opinion on alternative policies gives a real contrast to the certainties of science yet one based in rigour of thought. There is the opportunity to consider life influencing problems from interest rate levels to global warming and to seek solutions to the problems engendered by these issues.
How to apply
If you want to apply for this course, you will need to contact Canford School directly.