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Economics A-Level at Burnham Grammar School

Course description

The course applies economic theory to support analysis of current economic problems and issues, and encourage students to appreciate the interrelationships between microeconomics and macroeconomics. The students will be able to relate what they are learning to the world around them – locally, nationally and globally.

Students gain an understanding of current economic issues, problems and institutions that affect everyday life. They apply economic concepts and theories in a range of contexts and appreciate their value and limitations in explaining real world phenomena. While analysing, explaining and evaluating the strengths and weaknesses of the market economy and the role of government within it.

Students will develop the knowledge and skills needed to understand and analyse data, think critically about issues and make informed decisions. They will also build upon their quantitative skills and appreciate that, when evaluating arguments, both qualitative and quantitative evidence are important.

The course will develop an interest and enthusiasm for economics and its contribution to the wider political and social environment. The students gain a developed understanding of the world around them beyond those of their peers as become critical and thoughtful 'economists'. Becoming an Economist will enable students to add both breadth and depth to their view of world, through a combination of theoretical concepts and their real world application. It is a subject that is key to understanding the operation of the modern world. It also facilitates practical skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life.

Course content

AS Level

Micro: The operation of markets and market failure

  • Economic methodology and the economic problem
  • Price determination in a competitive market
  • Production, costs and revenue
  • Competitive and concentrated markets
  • The market mechanism, market failure and government intervention in markets

Macro: The national economy in a global context

  • The measurement of macroeconomic performance
  • How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
  • Economic performance
  • Macroeconomic policy

A Level

Micro: 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

Macro: 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

You must achieve at least 368 GCSE capped points (i.e. your best 8 subjects) for entry to the Sixth form. You must also achieve a C grade in English Language GCSE and Mathematics GCSE alongside meeting the entry criteria for each individual subject. Option 4 is conditional upon achieving 400+ GCSE capped points. 

GCSE points: A*= 58, A= 52, B= 46, C= 40, D= 34

Subject Specific

B in GCSE Business Studies. If Business Studies GCSE not taken, B in GCSE Mathematics and B in English Language GCSE. Students with Business Studies GCSE will be admitted onto the Economics course before those without Business Studies GCSE

Assessment

AS Level 

Micro: The operation of markets and market failure

ASSESSMENT Written exam: 1 hour 30 minutes 70 marks 50% of AS

Macro: The national economy in a global context

ASSESSMENT Written exam: 1 hour 30 minutes 70 marks 50% of AS

A Level

Micro: Individuals, firms, markets and market failure

Micro Assessment Written exam: 2 hours 80 marks 33.3% of A-level

Macro: The national and international economy

Macro Assessment Written exam: 2 hours 80 marks 33.3% of A-level

Macro/Macro combined Economic principles and issues Paper 3 Written exam: 2 hours 80 marks 33.3% of A-level

Future opportunities

The subject leads to a wide variety of careers, such as professional economist, investment banking, government advisor, tax advice, insurance, accountancy, actuarial work, stock broker, investment manager, politics and many more.

How to apply

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

Last updated date: 28 April 2015

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