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Economics A Level at Wirral Grammar School for Boys

Course description

Economics is about how people behave in the ordinary business of their lives and how they make decisions about employment and purchases both as employers and employees. It is not necessary for students to have any prior knowledge of either Economics or Business before starting this course. The course is equally suited to those who wish to study Economics or related subjects at University and provides a worthwhile foundation in the subject for those with other higher education interests.

Economics will be of interest to those students interested in analysis in a wide range of topical issues in current affairs ranging from unemployment, inflation, globalisation, and the problems of less developed countries and European integration. The course is very much designed to give students an economic understanding of real world events and current affairs.

Course content

AS
Paper 1: 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

Paper 2: 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

Paper 1: 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
- The national and international economy

Paper 2: The measurement of macroeconomic performance
- How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts
- Economic performance 16
- Financial markets and monetary policy
- Fiscal policy and supply-side policies
- The international economy

Paper 3: A paper on Economic principles and issues based on topics covered in Paper 1 & 2
 

Future opportunities

The broad and multi-disciplinary nature of Economics, and its application to a wide range of current issues that call upon students to demonstrate the transferability of their knowledge, understanding and skills, makes it an ideal vehicle to assist candidates in developing their knowledge and understanding of key skills and to produce evidence of their application. Every module includes opportunities to develop all key skill areas, both hard and soft. At the last count there were over 1500 Economics or Economics related degree courses being offered at University.

How to apply

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

Last updated date: 23 September 2015

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