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Economics A Level at The Grey Coat Hospital

Course description

Understanding Business and Economics will help you to make informed decisions when facing important life choices, whether you’re choosing a career or a political party to vote for. Both subjects are popular with our students; Business is studied at Key Stage 4 and Economics is studied at A-level.

Course content

The course consists of 4 themes and is assessed by 3 papers, all 2 hours long.

Paper 1 will assess microeconomics and questions will be drawn from Themes 1 and 3.

Paper 2 will assess macroeconomics and questions will be drawn from Themes 2 and 4.

Paper 3 will assess content across all four themes.

Theme 1 - Introduction to markets and market failure

This theme focuses on microeconomic concepts. Students will develop an understanding of:

● the nature of economics

● how markets work

● market failure

● government intervention.

Theme 2: The UK economy – performance and policies

This theme focuses on macroeconomic concepts. Students will develop an understanding of:

● measures of economic performance

● aggregate demand

● aggregate supply

● national income

● economic growth

● macroeconomic objectives and policy.

Theme 3: Business behaviour and the labour market

This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics.

Students will develop an understanding of:

● business growth

● business objectives

● revenues, costs and profits

● market structures

● labour market

● government intervention.

Theme 4: A global perspective

This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global

context. Students will develop an understanding of:

● international economics

● poverty and inequality

● emerging and developing economies

● the financial sector

● role of the state in the macroeconomy. 

Entry requirements

To study in the Sixth Form, students need to attain five GCSE grades at A*-C, including English and Mathematics.

How to apply

If you want to apply for this course, you will need to contact The Grey Coat Hospital directly.

Last updated date: 22 December 2017
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