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AS/A2 Level 3: Economics at Wigston College

Course description

 A-level Economics will give you an excellent understanding of how economies allocate their scarce resources to meet the needs and wants of their citizens. You will develop a greater understanding of the economic problems which face individuals, firms and governments on a local, national and global level and the alternative ways these problems can be resolved.

You will investigate microeconomic topics such as how individual decisions impact economic outcomes, the importance of competition, how markets operate and why they fail and how the distribution of income and wealth is affected. At the same time you will learn about macroeconomics, looking at the ‘big picture’ of how our national economy fits into the global context, the global impact of financial markets and monetary policy and the operation of the international economy.

Course content

Individuals, firms, markets and market failure 1 Economic methodology and the economics 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 The national and international economy 9 The measurement of macroeconomic performance 10 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply 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

GCSE Maths Grade 5

Students will need at least 6 A* - C GCSE grades

Assessment

Paper 1: Markets and market failure What's assessed: Content 1–8 2 hour written exam 80 marks 33.3% of A-level Questions Section A: data response questions requiring written answers, choice of one from two contexts - worth 40 marks Section B: essay questions requiring written answers, choice of one from three - worth 40 marks Paper 2: National and international economy What's assessed: Content 9–14 2 hour written exam 80 marks 33.3% of A-level Questions Section A: data response questions requiring written answers, choice of one from two contexts - worth 40 marks Section B: essay questions requiring written answers, choice of one from three - worth 40 marks Paper 3: Economic principles and issues What's assessed: All content 1–14 2 hour written exam 80 marks 33.3% of A-level Questions Section A: multiple choice questions - worth 30 marks Section B: case study questions requiring written answers - worth 50 marks

Financial information

Leicestershire Post 16 Bursary

Students are able to apply to us for support to overcome any barriers to learning.

Future opportunities

You could take a degree course in Economics itself or a related area such as Management, Business, Finance, Accountancy and  Marketing. This A level can help you onto other courses too such as Law or Business with a Modern Foreign Language. Your options are wide open with regard to a career. Options include retail management, marketing, sales, personnel management, banking and finance, accountancy etc.

 

Further information

To find out more about this qualification contact us via email at admin@wigstonmat.org, tel 0116 288 1611 and view our websitewww.wigstoncollege.org

How to apply

If you want to apply for this course, you will need to contact Wigston College directly.

Last updated date: 10 September 2018
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Key information

  • Start date: Next September
  • Duration: 1-2 years

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