The course will enable you to: ● Understand how the prices of things are determined ● Understand how the economy works and affects families, businesses and countries ● Investigate topical issues such as pollution, student loans, the Euro, the budget deficit using economic frameworks ● Think logically about issues and evaluate possible solutions AS Economics (Edexcel Economics A) This requires you to study themes 1 and 2 (see over) and complete exams in the summer term in year 12 Theme 1: Introduction to markets and market failure ● How are prices decided? ● Supply and demand analysis ● Use of supply and demand analysis to: ● investigate different markets such as oil, share prices, agriculture, and the labour market ● Investigation of market failure in markets such as transport, health, labour, education and the environment. ● Methods used by government to reduce market failure, e.g. transport Theme 2: The UK economy – performance and policies ● How is economic performance measured? ● How do economies grow? Why is growth important? ● What is inflation and why is it important? Who does it affect? ● What is unemployment and how can it be reduced? ● Why is trade important? ● How can we measure standards of living? ● How can the government attempt to control the economy? ● What is the budget deficit? How is it being reduced and to what effect? A level Economics (Edexcel Economics A) This requires you to study themes 1,2,3 and 4 and complete exams at the end of Year 13 Theme 3: Business behaviour and the labour market ● What objectives do firms have? ● Why do firms grow? ● How do firms make a profit? ● What determines how firms behave? ● How does the government try and control businesses? ● The supply and demand for workers and wage determination Theme 4: A Global Perspective ● What are the causes and effects of globalization? ● Why trade? ● How does a country compete? ● How is the UK performing compared to other nations? ● What is poverty and inequality in developed and developing countries? ● What measures can be used to promote growth and development? ● The role of the government in the macroeconomy
Students should expect to have achieved at least a grade 6 in English and Maths at GCSE.
This is based entirely on final examinations. Examinations include multiple choice questions, short answer questions, data response questions and extended open response questions.
About Education Provider
| Region | East of England |
| Local Authority | Suffolk |
| Ofsted Rating | Outstanding |
| Gender Type | Co-Educational |
| Address | Castleton Way, Eye, IP23 7BL |
The course will enable you to: ● Understand how the prices of things are determined ● Understand how the economy works and affects families, businesses and countries ● Investigate topical issues such as pollution, student loans, the Euro, the budget deficit using economic frameworks ● Think logically about issues and evaluate possible solutions AS Economics (Edexcel Economics A) This requires you to study themes 1 and 2 (see over) and complete exams in the summer term in year 12 Theme 1: Introduction to markets and market failure ● How are prices decided? ● Supply and demand analysis ● Use of supply and demand analysis to: ● investigate different markets such as oil, share prices, agriculture, and the labour market ● Investigation of market failure in markets such as transport, health, labour, education and the environment. ● Methods used by government to reduce market failure, e.g. transport Theme 2: The UK economy – performance and policies ● How is economic performance measured? ● How do economies grow? Why is growth important? ● What is inflation and why is it important? Who does it affect? ● What is unemployment and how can it be reduced? ● Why is trade important? ● How can we measure standards of living? ● How can the government attempt to control the economy? ● What is the budget deficit? How is it being reduced and to what effect? A level Economics (Edexcel Economics A) This requires you to study themes 1,2,3 and 4 and complete exams at the end of Year 13 Theme 3: Business behaviour and the labour market ● What objectives do firms have? ● Why do firms grow? ● How do firms make a profit? ● What determines how firms behave? ● How does the government try and control businesses? ● The supply and demand for workers and wage determination Theme 4: A Global Perspective ● What are the causes and effects of globalization? ● Why trade? ● How does a country compete? ● How is the UK performing compared to other nations? ● What is poverty and inequality in developed and developing countries? ● What measures can be used to promote growth and development? ● The role of the government in the macroeconomy
Students should expect to have achieved at least a grade 6 in English and Maths at GCSE.
This is based entirely on final examinations. Examinations include multiple choice questions, short answer questions, data response questions and extended open response questions.