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Economics A Level at Bury St Edmunds County Upper School

Course description

Economics is a challenging subject which promotes logical thinking and enables students to connect their learning to the wider world. The subject is well respected by universities and employers alike and provides a good foundation for further study or careers in finance or business as well as complementing humanities subjects such as politics, philosophy and history.

Course content

The economics course is split into micro and macroeconomics. In microeconomics, students will learn about individual firms and markets, whereas in macroeconomics they will investigate the wider economy from a national and international viewpoint.
 
Micro Economics
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
 
Macro Economics
The national and international economy
• The measurement of macroeconomic performance
• How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
• Economic performance
• Financial markets and monetary policy
• Fiscal policy and supply-side policies
• The international economy

Entry requirements

No prior knowledge of business or economics is required to study A Level economics, but a good understanding of mathematics is a necessity since demonstration of quantitative skills makes up a significant proportion of the overall A Level grade. For this reason, students wishing to study economics at A Level will need to have achieved
a grade 5/6 at GCSE in mathematics. As essay writing is also required, students must have achieved a grade 5/6 in GCSE English language.

Assessment

Paper 1: Markets and Market Failure
Written exam: 2 hours
80 marks
33.3% of A-level
Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks Section B: essay questions requiring written answers, choice of one from three worth 40 marks

Paper 2: National and International Economy
Written exam: 2 hours
80 marks
33.3% of A-level
Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks
Section B: essay questions requiring written answers, choice of one from three worth 40 marks

Paper 3: Economic Principles and Issues
Written exam: 2 hours
80 marks
33.3% of A-level
Section A: multiple choice questions worth 30 marks
Section B: case study questions requiring written answers, worth 50 marks

How to apply

If you want to apply for this course, you will need to contact Bury St Edmunds County Upper School directly.

Last updated date: 12 January 2018
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