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Economics AS level at North Liverpool Academy

Course description

This course is for anyone who is interested in the actions of governments and society, and how these actions impact upon their lives both today and in the future. This course would suit anyone who possesses good mathematical skills and the ability to write compelling points of view.

Course content

For the AS level exams, students will study the following topics.

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.

The national economy: the measurement of macroeconomic performance:

  • how the macro economy works: the circular flow of income, AD/AS analysis, and related concepts economic performance and Macroeconomic policy.

Entry requirements

You will need to have a grade C GCSE or equivalent Level in English and Mathematics.

Assessment

The AS has two one-and-a-half hour written exams, taken at the end of the course.

Paper 1: Operation of markets and market failure:
Section A – multiple choice;
Section B- students choose one context from a choice of two and answer short answer questions and extended writing questions.

Paper 2: The National Economy:
Section A – multiple choice;
Section B – students choose one context from a choice of two and answer short answer questions and extended writing questions

Future opportunities

All prestigious universities have a high respect for this subject and will accept it when applying to their institution. Opens the pathway to work at many prestigious firms. Could suit anyone who wants to work in the Financial Sector as well as those interested in careers in Government and Politics.

How to apply

If you want to apply for this course, you will need to contact North Liverpool Academy directly.

Last updated date: 12 September 2016

Key information

  • Start date: Next September
  • Duration: 1 year

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