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Economics Pre-U Level 3 at Oakwood Park Grammar School

Course description

The Cambridge Pre-U Economics course is intended to allow candidates to analyse and evaluate the economic concepts and theories that underpin the workings of a modern day economy. It is also intended to develop quantitative skills through the appreciation and use of various relevant statistics. It also allows candidates to critically and independently assess the effectiveness of policy decisions, both internal and external, that have influenced the UK economy over the past 10 years..

Course content

Microeconomics:

 

  • The basic economic problem of unlimited wants and limited means
  • The market mechanism and demand and supply analysis
  • Costs of production, profit and the theory of the firm
  • Causes of market failure
  • Government intervention in the market
  • The labour market

 

The national economy:

 

  • Standards of living
  • Economic growth and economic cycle
  • Employment and unemployment
  • Inflation and deflation
  • Distribution of income
  • Current account of balance of payments
  • Productivity and international competitiveness

 

For each issue candidates should study:

  • meaning and measurement
  • causes and consequences
  • evidence and policy responses

 

International economics:

 

Candidates should develop a good understanding of the issues involved within the following areas:

  • The theory of free trade
  • The pattern of trade
  • Protectionism
  • The current account and exchange rates
  • Development economics and globalisation
  • The European Union

 

 

 

Entry requirements

Six 9-5 (A*-C) GCSE grades with at least four at grade 6 (B) including grade 6, in English and Mathematics in other subjects to be studied at A level

 

 

Assessment

Paper 1 - Multiple choice, short answers and data response  -  2 hours 30 minutes 

Paper 2 - Essay paper  - 2 hours 15 minutes

(Consists of 3 essays)

Paper 3 – Investigation -   1 hour 15 minutes

Paper 3 requires a single piece of extended writing resulting from independent thinking and learning within a supported environment, about the following topics: China and the global economy, Transport and the environment, The Post-2015 Development Agenda and Behavioural Economics and government policy..

Financial information

N/A

Future opportunities

You could take this course to complement other Advanced level courses  which could lead onto higher education in areas of Economics, Business Studies, Accounting, Marketing or more general higher education courses. With further training, you could go into a job related to economics, business, marketing, finance and accounting, human resources and public relations. You could also go straight into employment as the qualification could help you do a trainee management course within a company to gain the skills, understanding and experience that they require so you can progress to working at management level.

Further information

 Bank of England  - Target 2.0 Challenge

·Royal Economic Society – Young Economist of the year competition

·Student Investor Challenge

·Various talks, debates and conferences

How to apply

If you want to apply for this course, you will need to contact Oakwood Park Grammar School directly.

Last updated date: 04 November 2017
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Key information

  • Start date: Next September
  • Duration: Two Years

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