Economics

Assessment

Component 01 - Microeconomics ◦ Scarcity and choice ◦ How competitive markets work. ◦ Competition and power ◦ Labour market. ◦ Market failure and government intervention 2 x 2-hour written exams, each 80 marks Data response and two essays from a choice of four Component 02 – Macroeconomics ◦ Market failure and government intervention ◦ Aggregate demand and aggregate supply ◦ The application of policy instruments ◦ The global context ◦ The financial sector 2 x 2-hour written exams, each 80 marks Data response and two essays from a choice of four Component 03 – Themes in Economics This unit will draw on the content of components 1 and 2 and will require the candidates to consider the theory that has been studied on those components in a ‘real world’ context 2-hour written exam, 80 marks Multiple choice and extended data response Each paper is 33.3% of A-level