Theme 1: Introduction to markets and market failure: This theme focuses on microeconomic concepts. Students will develop an understanding of the nature of economics, how markets work, market failure and government intervention. Theme 2: The UK economy – performance and policies: This theme focuses on macroeconomic concepts. Students will develop an understanding of measures of economic performance, aggregate demand, aggregate supply, national income, economic growth, macroeconomic objectives and policy. Theme 3: Business behaviour and the labour market: This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of business growth, business objectives, revenues, costs and profits, market structures, the labour market and government intervention. Theme 4: A global perspective: This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of international economics, poverty and inequality, emerging and developing economies, the financial sector and the role of the state in the macro economy
• A minimum of five GCSE grades 9 to 5, with at least grade 5 in English and Mathematics. • GCSE grade 6 in Economics if studied, and GCSE grade 6 in Mathematics. If not studied, grade 5 in English and grade 6 in Mathematics.
Paper 1: Markets and business behaviour 35% Paper 1 will assess microeconomics and questions will be drawn from Themes 1 and 3. Paper 2: The national and global economy 35% Paper 2 will assess macroeconomics and questions will be drawn from Themes 2 and 4. Paper 3: Microeconomics and macroeconomics 30% Paper 3 will assess content from across all four themes. Students are required to apply their knowledge and understanding, make connections and demonstrate higher order skills.
About Education Provider
| Region | South East |
| Local Authority | Surrey |
| Ofsted Rating | Outstanding |
| Gender Type | Co-Educational |
| Address | Bagshot Road, West End, Woking, GU24 9PT |
Theme 1: Introduction to markets and market failure: This theme focuses on microeconomic concepts. Students will develop an understanding of the nature of economics, how markets work, market failure and government intervention. Theme 2: The UK economy – performance and policies: This theme focuses on macroeconomic concepts. Students will develop an understanding of measures of economic performance, aggregate demand, aggregate supply, national income, economic growth, macroeconomic objectives and policy. Theme 3: Business behaviour and the labour market: This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of business growth, business objectives, revenues, costs and profits, market structures, the labour market and government intervention. Theme 4: A global perspective: This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of international economics, poverty and inequality, emerging and developing economies, the financial sector and the role of the state in the macro economy
• A minimum of five GCSE grades 9 to 5, with at least grade 5 in English and Mathematics. • GCSE grade 6 in Economics if studied, and GCSE grade 6 in Mathematics. If not studied, grade 5 in English and grade 6 in Mathematics.
Paper 1: Markets and business behaviour 35% Paper 1 will assess microeconomics and questions will be drawn from Themes 1 and 3. Paper 2: The national and global economy 35% Paper 2 will assess macroeconomics and questions will be drawn from Themes 2 and 4. Paper 3: Microeconomics and macroeconomics 30% Paper 3 will assess content from across all four themes. Students are required to apply their knowledge and understanding, make connections and demonstrate higher order skills.