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Economics at Oaklands Catholic School

Course description

Students will study for three papers to achieve the A  level in two years. Concepts and theories and the facts, figures and research to critically evaluate them in a real world context are gained through lectures, seminars, classroom discussion, personal reading books, journals, newspapers, videos and TV documentaries.

Students get the opportunity to examine ‘real data’, to use online worksheets and numerous online resources and websites. There is an opportunity to attend national economic conferences.

Course content

Individuals, firms, markets and market failure

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

The national and international economy

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

Entry requirements

A minimum of 5 A*-C grades at GCSE including English and Maths. GCSE Maths at a grade B or above is preferred.

Assessment

  • Paper 1 - Markets & Market Failure (33.3%) 2 hours written paper
  • Paper 2 - National & International Economy (33.3%) 2 hours written paper
  • Paper 3 - Economic Principles & Issues (33.3%) 2 hours written paper & multiple choice questions

Future opportunities

Economics is a subject that provides good mental discipline and teaches a rigorous and analytical approach to problems, issues and current events.

It is relevant to almost everything you do and is highly respected by universities. It combines well with  Mathematics, Sciences, History and Geography as a basis for entry to a wide variety of related degrees and qualifications.

Economics is extremely respected in the professions, particularly business,  management, banking, research analysis, finance and the law. To have economics on your c.v. will open many doors, especially if you aspire to a career at management level.

How to apply

If you want to apply for this course, you will need to contact Oaklands Catholic School directly.

Last updated date: 21 March 2016

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