Economics
Head of Department
Mr Michaelides
Qualification
A Level
Exam Board
Edexcel
Entry Requirements
6 in English and Maths
Why study this course
The study of Economics and Business will provide essential transferrable skills which equip the students in the world business, banking and finance. They will learn the fundamentals of being entrepreneurs to start a successful company and to be able to maximise economic wellbeing. Our aim is to provide engaging and challenging lessons that inspire students of all academic abilities.
In today’s economic environment it is imperative that students are aware of the current issues and are in a position in which they are able to make important well-informed choices.
Course Overview
The A Level Economics course teaches you about how Economists allocate resources. This helps you evaluate different decisions and make better choices. This includes how the government provide public services such as health care and education to decrease inequality. If you are interested in Politics, Finance and Business then this course provides you with the foundation of how these areas work.
The paper will consist of calculations, multiple-choice, short-answer and extended-writing questions. Sections in Sections B and C will be based on Economic contexts given in the paper.
Content
Theme 1: Introduction to Markets and Market Failure
- Nature of Economics
- How Markets Work
- Market Failure
- Government Intervention
Theme 2: The UK Economy – Performance and Policies
- Measures 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
- International Economics
- Poverty and Inequality
- Emerging and Developing Economies
- The Financial Sector
- Role of the State in the Macroeconomy
Assessment
Paper 1: Markets and Business Behaviour
- Written examination: 120 minutes
- 35% of the qualification
- 100 marks
Paper 2: The National and Global Economy
- Written examination: 105 minutes
- 35% of the qualification
- 100 marks
Paper 3: Microeconomics and Macroeconomics
- Written examination: 105 minutes
- 30% of the qualification
- 100 marks
Exam Specification
SoW
Enrichment
Business and Economics students at Claremont High School Academy are given the opportunity to take part in a wide variety of extra-curricular activities. These include:
- Student Investor Competition
- Royal Economics Society annual Essay competition
- Economics World Cup
- Middlesex University Economics Workshop
- Attending local and national conferences
- Tutor2u Revision Conferences
- Educational trips
- Work experience
- Access to The Economist, The Economic Review and The Business Review subscriptions
- Visit to the Bank of England
- London Business School Competition.
Future Pathways
Further Education: University, Apprenticeships
University: Universities offer a large choice of Business and Economics related degrees. It also can lead to Finance, Economics, International Relations, PPE, Politics, Business Management, and Accountancy