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Economics AS/A Level at Wymondham College

Course description

Economics as a course aims to help students develop an understanding of economic concepts and theories through a critical consideration of the current economic issues, problems and institutions that affect everyday life.

Students will learn how to analyse, explain and evaluate the strengths and weaknesses of the economy, and the role of government within it.

Economics has become an increasingly popular subject to study by students seeking to understand the changing national and international economic and political environments.

Course content

AS Level

UNIT 1: MICROECONOMICS

Microeconomics is the study of consumers, firms and markets. We consider why consumers behave the way that they do and how firms make their decisions. We investigate what happens when markets fail to deliver the best solutions to a society’s problems and how governments might intervene to correct them. 

  • Scarcity and choice 
  • How competitive markets work

 

UNIT 2: MACROECONOMICS 

Macroeconomics is the study of the whole economy. This involves the important issues affecting a country’s economy such as unemployment, inflation and the trade balance. A key focus is how government can ensure that the economy grows and what it can do to improve matters during times of recession. 

  • Economic policy objectives and indicators of macroeconomic performance 
  • Aggregate demand and aggregate supply 
  • The application of policy instruments 
  • Trade, balance of payments, exchange rates

A Level

UNIT 3: MICROECONOMICS 

  • Scarcity and choice 
  • How competitive markets work 
  • Market structures and their Implications for the way resources are allocated and the interdependence of firms 
  • Wage determination, labour market issues and themes, government intervention 
  • Market failure and government intervention 

UNIT 4: MACROECONOMICS

  • Economic policy objectives and indicators of macroeconomic performance 
  • Aggregate demand and aggregate supply 
  • The application of policy instruments 
  • Globalisation, balance of payments, exchange rates, trade negotiations
  • The financial sector

Entry requirements

B Grade or above in GCSE English and GCSE Maths.

Assessment

AS Level: 2 x 1 hr 30 min exams, weighted equally.

A- Level: 3 x 2 hr exams, weighted equally.

Future opportunities

Economics is a rigorous A-Level, highly regarded by universities and employees. Graduate economics can develop careers for example in banks and financial, business and government.

How to apply

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

Last updated date: 27 May 2016

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