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Economics A Level at St Mary's Menston, a Catholic voluntary academy

Course description

Economics analyses on many of the big issues of the day that are in the news and attempts to analyse them in a systematic and logical way using economic theory to provide a framework for explaining these problems. Thus it is a very news orientated course, for example explaining issues such as global warming within the context of market failure theory and fully joining the debate about the role of government within the economy.

Students with an interest in current affairs and a curiosity to look behind the headlines will find this a rewarding course. They will examine the role played by individuals, firms and government in shaping economic events. Whilst the main focus is on the UK Economy, there is consideration given to international factors like globalisation and the effect of the EU on the UK. Economics is a subject that combines well with both science and art subjects.

Course content

1 Economic methodology and the economic problem
2 Individual economic decision making
3 Price determination in a competitive market
4 Production, costs and revenue
5 Perfect competition, imperfectly competitive markets and monopoly
6 The labour market
7 The distribution of income and wealth: poverty and inequality
8 The market mechanism, market failure and government intervention in markets

9 The measurement of macroeconomic performance
10 How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts
11 Economic performance
12 Financial markets and monetary policy
13 Fiscal policy and supply-side policies
14 The international economy

Entry requirements

It is not necessary to have followed Economics or Business Studies at GCSE to undertake this course. Successful students will have a curiosity about events in the news, be able to communicate their ideas well in written format and will be comfortable with basic numeracy.

Assessment

All the above topic areas will be assessed by three 2 hour written exams combining multiple choice, data response and essay questions.

How to apply

You can apply for this course through UCAS Progress. Add this course to your favourites so you can start making an application.

Last updated date: 10 November 2017
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