Economics

Course summary

This builds on the AS year learning, taking some topics into further depth and looking in detail at particular markets and the financial sector. • Microeconomics ⚬ Scarcity and Choice ⚬ How competitive markets work ⚬ Competition and Power ⚬ Labour Market ⚬ Market Failure and Government Intervention • Macroeconomics ⚬ Economic Policy Objectives and Indicators of Macroeconomic Performance ⚬ Aggregate Demand and Aggregate Supply ⚬ The Application of Policy Instruments ⚬ The Global Context ⚬ The Financial Sector • Themes in Economics ⚬ This unit draws from both the micro- and macroeconomic components and requires candidates to consider the theory that has been studied in a ‘real world’ context.