COURSE CONTENT Theme 1: Introduction to Markets and Market Failure • The nature of economics • How markets work • Market failure • Government intervention Theme 2: The UK Economy – Performance and Policies • Measures of economic performance • Aggregate demand • Aggregate supply • National income • Economic growth • Macroeconomic policy and objectives Theme 3: Business Behaviour and the Labour Market (follows on from Theme 1) • Business growth • Business objectives • Revenues, costs and profits • Market structures • Labour market • Government intervention Theme 4: Global Business (follows on from Theme 2) • International economies • Poverty and inequality • Emerging and developing economies • The financial sector • Role of the state in the macroeconomy
Minimum of 5 subjects at grade 5 including/as well as grade 4 or above in English and Maths. Grade 5 in Maths.
Paper 1: Markets and Business Failure What’s assessed – Microeconomics from Themes 1 and 3 Written exam – 2 hours (35% of A level). 100 marks available. Section A comprises a range of multiple-choice and short-answer questions. Section B comprises one data response question, broken down into several parts. Section C comprises a choice of extended open-response questions; students select one from a choice of two. Paper 2: The National and Global Economy What’s assessed – Macroeconomics from Themes 2 and 4 Written exam – 2 hours (35% of A level). 100 marks available. Section A comprises a range of multiple-choice and short-answer questions. Section B comprises one data response question, broken down into several parts. Section C comprises a choice of extended open-response questions; students select one from a choice of two. Paper 3: Microeconomics and Macroeconomics What’s assessed – all topics Written exam – 2 hours (30% of A level). 100 marks available. Students are required to apply their knowledge and understanding, make connections, and transfer higher-order skills across all four themes. The paper comprises two sections. Each section comprises one data response question broken down into several parts, including a choice of extended open-response questions; students select one from a choice of two.
About Education Provider
| Region | South East |
| Local Authority | Oxfordshire |
| Ofsted Rating | Good |
| Gender Type | Co-Educational |
| Address | Church Green, Witney, OX28 4AX |
COURSE CONTENT Theme 1: Introduction to Markets and Market Failure • The nature of economics • How markets work • Market failure • Government intervention Theme 2: The UK Economy – Performance and Policies • Measures of economic performance • Aggregate demand • Aggregate supply • National income • Economic growth • Macroeconomic policy and objectives Theme 3: Business Behaviour and the Labour Market (follows on from Theme 1) • Business growth • Business objectives • Revenues, costs and profits • Market structures • Labour market • Government intervention Theme 4: Global Business (follows on from Theme 2) • International economies • Poverty and inequality • Emerging and developing economies • The financial sector • Role of the state in the macroeconomy
Minimum of 5 subjects at grade 5 including/as well as grade 4 or above in English and Maths. Grade 5 in Maths.
Paper 1: Markets and Business Failure What’s assessed – Microeconomics from Themes 1 and 3 Written exam – 2 hours (35% of A level). 100 marks available. Section A comprises a range of multiple-choice and short-answer questions. Section B comprises one data response question, broken down into several parts. Section C comprises a choice of extended open-response questions; students select one from a choice of two. Paper 2: The National and Global Economy What’s assessed – Macroeconomics from Themes 2 and 4 Written exam – 2 hours (35% of A level). 100 marks available. Section A comprises a range of multiple-choice and short-answer questions. Section B comprises one data response question, broken down into several parts. Section C comprises a choice of extended open-response questions; students select one from a choice of two. Paper 3: Microeconomics and Macroeconomics What’s assessed – all topics Written exam – 2 hours (30% of A level). 100 marks available. Students are required to apply their knowledge and understanding, make connections, and transfer higher-order skills across all four themes. The paper comprises two sections. Each section comprises one data response question broken down into several parts, including a choice of extended open-response questions; students select one from a choice of two.