Economics


Economics Information Guide

Course Introduction
The economy is a complex and dynamic process which has a huge influence on the well–being of every citizen. The economic activities of individuals, business organisations and the government are closely inter-dependent. By studying the subject you will gain an understanding and appreciation of this exciting inter-relationship.
Economics looks at the problem of using limited resources efficiently. Individuals, firms and governments all have to deal with this issue. In your investigation of Economics, a variety of topics will be addressed. The most relevant currently being the recent decision to leave the European Union. (Brexit).

Who is this course for?
This course is suitable for students who may wish to enter any career with a professional or financial flavour — management, banking, accountancy, administration or the Civil Service. Economics can also be used to understand the decisions made by both governments and businesses across a range of sectors.

Course Content
A two year course leading to a Linear A Level in Economics studying the Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
Year 1
In the first year you will build knowledge and understanding of core economic models and concepts across two themes:
Theme 1: Introduction to markets and market failure. This focuses on microeconomic concepts.
Theme 2: The UK economy – performance and policies. This focuses on macroeconomic concepts.
Year 2
In the second year you will apply your knowledge to more complex concepts and models across two more themes.
Theme 3: Business behaviour and the labour market. This focuses on business economics.
Theme 4: A global perspective. This develops the concepts introduced in Theme 2 and applies these in a global context.

Assessment
Written Paper Type of Assessment
Paper 1:
Markets and business behaviour Exam: three sections covering theme 1 and 3.
Paper 2:
The national and global economy Exam: three sections covering theme 2 and 4.
Paper 3:
Microeconomics and This will assess content macroeconomics across all four themes.

Progression
Progression from this qualification can include Higher Education to study an Economics degree or a related subject such as Business or Politics. There are also university courses containing economic concepts so the subject provides a good foundation for understanding these ideas.