Economics

Assessment

Paper 1: Markets and market failure: students answer two questions: Section A – students choose one context from a choice of two; Section B – students choose one context from a choice of three. Paper 2: National and international economy: students answer two questions: Section A – students choose one context from a choice of two; Section B - students choose one context from a choice of three. Paper 3: Economic principles and issues: Section A - multiple choice; Section B – extended writing questions. The examinations will all be taken at the end of the two-year course and will consist of three 2 hour papers including a combination of data response and essay questions. Each examination will carry an equal weighting in terms of their contribution to the overall grade. The first two papers will cover the micro and macroeconomics, whilst the third paper will examine broader economic principles, issues and themes.