A level Economics is a two-year course covering both micro and macroeconomics throughout. Students will study elements of each at different points throughout the course, building microeconomic foundations to begin with, switching to look at UK and global economies and the policies used to influence their success before returning again to microeconomics to look in detail at the behavior of businesses, consumers, and workers. There are three mandatory components, focusing on microeconomics, macroeconomics, and themes in economics. Macroeconomics The forces influencing the success of the UK and other global economies and models that can be used to analyse these forces. The sets of policies available to the UK government to make the economy stronger, and the limits to those policies are apparent in the present economic circumstances. Different schools of economic thought and how different underpinning beliefs will influence policy recommendations. Further, a more detailed analysis of the big issues facing countries such as unemployment, inflation, growth, government debt, and the Balance of Payments. In-depth analysis of the issues affecting less developed economies, why some poorer countries have succeeded in growing quickly, whereas others are still desperately poor. Microeconomics Why prices for different goods and services are at different levels and the forces that might make them change. Why do some people earn more than others, what causes inequality in different economies, and to what extent does this matter? The extent to which all goods and services (such as health and education) should be provided through the market and the case for governments intervening in the supply of some goods and services with taxes, laws, or in some cases subsidies and state provision. How firms compete with one another, the consequences of monopoly power, and the need for regulation. Themes in Economics This offers the students an exciting opportunity for learners to apply theories and concepts to up-to-date contexts. This component draws together both micro and macroeconomic concepts in relation to a specific unseen theme.
Students would need to have at least a Grade 6 in GCSE Mathematics and a Grade 6 in English Language.
The A Level in Economics is a linear qualification with 100% external assessment. There will be three question papers each of two hours in length and each will carry a maximum of 80 marks. Component 1 – Microeconomics The assessment of Component 1 relates entirely to microeconomics and consists of a data response question and two high tariff questions. For each high tariff question, learners are given a choice of two questions. Component 2 – Macroeconomics The assessment of Component 2 relates entirely to macroeconomics and like Component 1, consists of a data response question and two high tariff questions. For each high tariff question, learners are given a choice of two questions. Component 3 – Themes in Economics The assessment of Component 3 consists of a series of 30 multiple choice questions, although there will still be some of the multiple choice questions that assess analytical and evaluative skills Learners will also be required to respond to a series of short answer and extended response questions based on an unseen theme for a total of 50 marks. All 3 components are 2 hours long and are worth 33.3% of the final A Level Mark.
About Education Provider
| Region | North West |
| Local Authority | Liverpool |
| Ofsted Rating | Good |
| Gender Type | Co-Educational |
| Address | 116 Childwall Road, Liverpool, L15 6WU |
A level Economics is a two-year course covering both micro and macroeconomics throughout. Students will study elements of each at different points throughout the course, building microeconomic foundations to begin with, switching to look at UK and global economies and the policies used to influence their success before returning again to microeconomics to look in detail at the behavior of businesses, consumers, and workers. There are three mandatory components, focusing on microeconomics, macroeconomics, and themes in economics. Macroeconomics The forces influencing the success of the UK and other global economies and models that can be used to analyse these forces. The sets of policies available to the UK government to make the economy stronger, and the limits to those policies are apparent in the present economic circumstances. Different schools of economic thought and how different underpinning beliefs will influence policy recommendations. Further, a more detailed analysis of the big issues facing countries such as unemployment, inflation, growth, government debt, and the Balance of Payments. In-depth analysis of the issues affecting less developed economies, why some poorer countries have succeeded in growing quickly, whereas others are still desperately poor. Microeconomics Why prices for different goods and services are at different levels and the forces that might make them change. Why do some people earn more than others, what causes inequality in different economies, and to what extent does this matter? The extent to which all goods and services (such as health and education) should be provided through the market and the case for governments intervening in the supply of some goods and services with taxes, laws, or in some cases subsidies and state provision. How firms compete with one another, the consequences of monopoly power, and the need for regulation. Themes in Economics This offers the students an exciting opportunity for learners to apply theories and concepts to up-to-date contexts. This component draws together both micro and macroeconomic concepts in relation to a specific unseen theme.
Students would need to have at least a Grade 6 in GCSE Mathematics and a Grade 6 in English Language.
The A Level in Economics is a linear qualification with 100% external assessment. There will be three question papers each of two hours in length and each will carry a maximum of 80 marks. Component 1 – Microeconomics The assessment of Component 1 relates entirely to microeconomics and consists of a data response question and two high tariff questions. For each high tariff question, learners are given a choice of two questions. Component 2 – Macroeconomics The assessment of Component 2 relates entirely to macroeconomics and like Component 1, consists of a data response question and two high tariff questions. For each high tariff question, learners are given a choice of two questions. Component 3 – Themes in Economics The assessment of Component 3 consists of a series of 30 multiple choice questions, although there will still be some of the multiple choice questions that assess analytical and evaluative skills Learners will also be required to respond to a series of short answer and extended response questions based on an unseen theme for a total of 50 marks. All 3 components are 2 hours long and are worth 33.3% of the final A Level Mark.