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Economics A2 level at North Liverpool Academy

Course description

This course is for anyone who is interested in the actions of governments and society, and how these actions impact upon their lives both today and in the future. This course would suit anyone who possesses good mathematical skills and the ability to write compelling points of view.

Course content

For the AS level exams, students will study the following topics.

The operation of markets and market failure:

  • economic methodology and the economic problem
  • price determination in a competitive market
  • production, costs and revenue
  • competitive and concentrated markets
  • the market mechanism, market failure and government intervention in markets

The national economy: the measurement of macroeconomic performance

  • how the macro economy works: the circular flow of income, AD/AS analysis, and related concepts economic performance and Macroeconomic policy.

A level topics:

  • individuals, firms, markets and market failure
  • individual economic decision making
  • perfect competition, imperfectly competitive markets and monopoly
  • the labour market
  • the distribution of income and wealth: Poverty and inequality
  • the national and international economy:
  • financial markets and monetary policy
  • fiscal policy and supply-side policies
  • the international economy

Entry requirements

You will need to have a grade C GCSE or equivalent Level in English and Mathematics.

Assessment

Year 1 – AS Level

The AS has two one-and-a-half hour written exams, taken at the end of the course.

Paper 1: Operation of markets and market failure:
Section A – multiple choice;
Section B- students choose one context from a choice of two and answer short answer questions and extended writing questions

Paper 2: The National Economy
Section A – multiple choice
Section B – students choose one context from a choice of two and answer short answer questions and extended writing questions

Year 2 – A Level

The A-level has three, two hour written exams.

Paper 1: Markets and market failure: students answer two questions,
Section A – students choose one context from a choice of two;
Section B – students choose one context from a choice of three.

Paper 2: National and international economy: students answer two questions,
Section A – students choose one context from a choice of two;
Section B – students choose one context from a choice of three.

Paper 3: Economic principles and issues:
Section A – multiple choice;
Section B – extended writing questions.

Future opportunities

All prestigious universities have a high respect for this subject and will accept it when applying to their institution. Opens the pathway to work at many prestigious firms. Could suit anyone who wants to work in the Financial Sector as well as those interested in careers in Government and Politics.

How to apply

If you want to apply for this course, you will need to contact North Liverpool Academy directly.

Last updated date: 12 September 2016

Key information

  • Start date: Next September
  • Duration: 2 years

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