Economics A level at Richard Challoner School
Economics has become high profile. The credit crunch, bankers’ bonuses, fears of a Euro melt down and Brexit are topics rarely out of the news in recent years, throwing a light on the importance of and divisions within the discipline. Economics is intellectually robust and of contemporary relevance.
Paper 1: Markets and market failure The economic problem, price determination, production, costs and revenue, competitive and concentrated markets and the market mechanism, market failure and government intervention in markets.
Paper 2: The National and International Economy. The measurement of macroeconomic performance, the circular flow of income, AD/AS analysis and macroeconomic policy.
Paper 3: Economic Principles and Issues. Individual economic decision making, perfect competition, imperfectly competitive markets and monopoly, the labour market, poverty and inequality.
GCSE Grade 5 or above in Maths, English Language and English Literature
Three 2 hour written examinations consisting of multiple choice questions, data response questions and several extended writing questions per paper (essays).
How to apply
If you want to apply for this course, you will need to contact Richard Challoner School directly.