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AS/A2 Economics at Sandringham School

Course description

Course Aims

In this course you will be required to think like an economist and carefully weigh up the costs versus the benefits of many decisions. You will look at models and learn to think logically. You will need good written and oral communication skills. Strong mathematical skills are also required (A Level Mathematics is recommended).

In Year 12 students will be introduced to Micro- and Macro-economics. Micro-economics seeks to explain how firms and individuals make choices in a world with scarce resources. You will become familiar with some basic economic models such as supply and demand. Macro-economics seeks to explain trends in the wider economy and how the government can influence these trends.

You will be assessed through examinations which require multiple-choice plus a justification of your answer, data-response questions, and open-ended response questions.

 

Course Structure:

Theme 1: Introduction to markets and market failure

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

  • nature of economics
  • how markets work
  • market failure
  • government intervention

Theme 2: The UK economy – performance and policies

  • measure of economic performance
  • aggregate demand
  • aggregate supply
  • national income
  • economic growth
  • macroeconomic objectives and policy

Theme 3: Business behaviour and the labour market

  • 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 and understanding of:

  • international economics
  • poverty and inequality
  • emerging and developing economies
  • the financial sector
  • role of the state in the macroeconomy

AS Assessment:

Paper 1: Introduction to markets and market failure Exam: 50% – 1 hr 30 mins

Paper 2: The UK economy – performance and policies Exam: 50% – 1 hr 30 mins

A2 Assessment: 

Paper 1: Markets and business behaviour Exam: 35% – 2 hrs

Paper 2: The national and global economy Exam: 35% – 2 hrs

Paper 3: Microeconomics and macroeconomics Exam: 30% – 2 hrs

 

 

Entry requirements

Grade B in Economics or Grade B in Maths, and English.

 

How to apply

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

Last updated date: 02 April 2015
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Key information

  • Start date: Next September
  • Duration: 1 - 2 Years

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