Accessibility links

Economics at Elliott Hudson College

Course description

Students will develop the knowledge and skills needed to understand and analyse current economic issues and make informed decisions as to how these issues may be resolved. The course involves looking into individual consumers, firms, markets and market failure, and then moves on to examine the national and international economies.

Course content

Unit 1 - Markets and Market Failure

The unit introduces students to Microeconomics. This involves the study of individual markets within the economy, the behaviour of individual consumers and producers, and why they make the decisions which they do. Basic microeconomic models such as demand and supply, the operation of the price mechanism, and causes of market failure are central to this module.

Unit 2 - The National and International Economy

The course subsequently moves onto the National and International Economy. It is assumed that the knowledge and skills candidates have acquired at AS level will be used to consider concepts, theories and issues introduced in this unit. Students are expected to develop further their critical approach to economic models such as UK government fiscal and monetary policies. They should be able to analyse and evaluate the causes of changes in macroeconomic indicators in greater depth than expected at AS Level. The course content involves looking into globalisation, exchange rates and the benefits and drawbacks of the European Union for the UK.

Unit 3 – Economic Principles and Issues

This unit introduces students to the objectives of firms, such as profit maximisation, and considers the different markets in which they operate. This involves the study of monopoly and oligopoly markets which are made up of different concentrations of firms. This unit also looks at the issues in the labour market and examines wage determination in terms of why people are paid varying amounts for their labour. Ever wondered why footballers are paid so much? To end the unit, students will examine the methods of government intervention to correct any market failures.

Entry requirements

Attain 5 or more standard GCSE passes (grade 4 or higher).

Strong numeracy skills are required on this course.

If a student is applying for an A Level course that they have studied at GCSE it is expected that a student would attain at least a standard pass (grade 4) in this subject.

Assessment

Unit 1 - Markets and Market Failure
Written exam: 2 hours
80 marks
33.3% of A Level
 
Unit 2 - The National and International Economy
Written exam: 2 hours
80 marks
33.3% of A Level
 
Unit 3 – Economic Principles and Issues
Written exam: 2 hours
80 marks
33.3% of A Level

Financial information

Elliott Hudson College will not charge fees for tuition or examination entry (except for re-sits, where attendance is unsatisfactory or coursework is incomplete). There are no charges for course materials, although students are expected to provide their own stationery and any specialist clothing /equipment. Course books may be bought from subject teachers however subjects will also loan textbooks to students in return for a deposit. In the case of field trips, a contribution from the student to cover board and lodging, but excluding tuition and travel, will be expected. Some optional activities (e.g. enrichment, theatre trips, exchange visits, etc.) may have an associated cost; this will be notified in advance of the event.

Some applicants might not be supported by government funding for education (e.g. non-UK or EU passport holders recently arrived in the area): in these cases we do reserve the right to charge full fees for the course.

If your family is on a low income or you encounter any financial difficulties in special circumstances, you may be eligible for financial assistance from the college’s Student Bursary Fund.

Future opportunities

Economics is a versatile subject that can help students in a number of careers. Not only could they find themselves working for big corporations, banks or the government, but their qualification in Economics could also be valuable support in a career like marketing, law, journalism or teaching. It is also a very highly regarded subject when it comes to entry for competitive university places.

Further information

Detailed information about Elliott Hudson College can be found on the college’s website www.elliotthudsoncollege.ac.uk

 

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: 06 October 2017
Provider logo

Key information

  • Start date: Next September

Venues