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Economics A-Level at Polam Hall School

Course description

Economics offers the opportunity to study a new subject in the Sixth Form.

For those considering this subject an interest in the news and current affairs is important. Examinations require the analysis of written and numerical information. Students need to be able to explain concepts clearly in written and diagrammatical form. Essay skills will also be required and these will be developed during the course.

Although there is some overlap with Business Studies it is by no means large, the specification contents are quite different. Therefore it is acceptable to study both subjects as in fact they do complement each other well.

Economics is a well regarded social science. The subject looks at how individuals, firms and governments allocate scarce resources. It therefore examines choices and the decisions they face.

 

Course content

AS Units

Unit 1: Markets and Market Failure

This unit introduces Microeconomics and the following topics are studied: The economic problem, the allocation of resources in competitive markets, production and efficiency, market failure and government intervention in the market.

Unit 2: The National Economy 

This unit introduces Macroeconomics and the main topics studied are: the measurement of macroeconomic performance, how the macroeconomy works, AD/AS analysis, the circular flow of income, economic performance and macroeconomic policy.

A2 Units

Unit 3: Business Economics and the Distribution of Income

This is a synoptic unit. Issues will be examined in global and EU contexts including: The firm: objectives, costs and revenues, competitive markets, concentrated markets, the labour market and government intervention in the market.

Unit 4: The National and International Economy 

This is a synoptic macroeconomic unit examined in global and EU contexts. Topics studied are macroeconomic indicators and the international economy.

 

Entry requirements

The minimum entry requirement for Advanced Level study is 6 A* - C grades. Students’ GCSEs must include Mathematics and English at least at Grade C. 4/3 subjects at AS level are usually studied in the first year.

Assessment

AS Units

Unit 1: Markets and Market Failure 

Examination: 50% of AS, 25% of A Level, 1 hour 15 minutes examination, 75 marks. Section A – objective test items. Section B – choice of data response questions. 

Unit 2: The National Economy 

Examination: 50% of AS, 25% of A Level, 1 hour 15 minutes examination, 75 marks. Section A – objective test items. Section B – choice of data response questions. 

A2 Units

Unit 3: Business Economics and the Distribution of Income 

Examination: 25% of A Level, 2 hour examination, 80 marks. Section A – a choice of data response questions Section B – three optional essay questions

Unit 4: The National and International Economy 

Examination: 25% of A Level, 2 hour examination, 80 marks. Section A – a choice of data response questions. Section B – three optional essay questions.

Future opportunities

It is a useful subject for students considering careers in Economics, Management, Business, Accounting, Law and other related fields.

How to apply

If you want to apply for this course, you will need to contact Polam Hall School directly.

Last updated date: 22 April 2015
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