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Economics A Level at Vyners School

Course description

Economics studies what is going on around you now. It provides a framework to help you understand the world.

Just think -

  • Is Wayne Rooney worth £250,000 a week?
  • Are Fire Fighters worth more than £30,000 a year?
  • Should we spend more on education or health? Why can’t we do both?

The world has a limited supply of resources.

  • Q What is the best way to allocate these scarce resources?

If you are considering studying Maths then Economics would make an excellent complement.

In Economics we attempt to answer questions about the role of government in our society.

  • Does the government interfere too much in the economy?
  • Without government interference, would more people smoke?

Course content

  1. Economic methodology and the economic problem
  2. Individual economic decision making
  3. Price determination in a competitive market
  4. Production, costs and revenue
  5. Perfect competition, imperfectly competitive markets and monopoly
  6. The labour market
  7. The distribution of income and wealth: poverty and inequality
  8. The market mechanism, market failure and government intervention in markets
  9. The measurement of macroeconomic performance
  10. How the macro economy works : the circular flow of income, AD/AS analysis, and related concepts
  11. Economic performance
  12. Financial markets and monetary policy
  13. Fiscal policy and supply-side policies
  14. The international economy

Entry requirements

B in Economics (if taken), C in English and C in Maths.

Assessment

Paper 1 (from content 1-8 above) - written exam: 2 hours 80 marks 33.3% of A Level

  • Section A: data response questions requiring written answers, worth 40 marks
  • Section B: essay questions requiring written answers, worth 40 marks

Paper 2 (from content 9-14 above) - written exam: 2 hours 80 marks 33.3% of A Level

  • Section A: data response questions requiring written answers, worth 40 marks
  • Section B: essay questions requiring written answers, worth 40 marks

Paper 3 (from content 1-14 above) - written exam: 2 hours 80 marks 33.3% of A Level

  • Section A: multiple choice questions, worth 30 marks
  • Section B: case study questions requiring written answers, worth 50 marks

Future opportunities

Students following the course are well equipped to follow any of the following degree courses: Economics, Economics with Finance, Accounting, and Business, Law or Politics and Town Planning.

A Level Economics combines well with any other A Level course particularly  Mathematics, English, Politics, Psychology, the Sciences, Languages and History or Geography.

How to apply

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

Last updated date: 11 May 2016
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