This course introduces students to economic concepts through real-world scenarios. Theme 1: Introduction to markets and market failure Students develop an understanding of the nature of economics, how markets work, market failure and government intervention. Theme 2: The UK Economy – performance & policies Students develop an understanding of measures of economic performance, aggregate demand, aggregate supply, national income, economic growth, macroeconomic objectives and policy. Theme 3: The global economy This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students develop an understanding of business growth, business objectives, revenues, costs and profits, market structures, the labour market, and government intervention. Theme 4: Making markets work This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students develop an understanding of international economics, poverty and inequality, emerging and developing economies, the financial sector, and the role of the state in the macroeconomy.
Students need to be comfortable with Maths at GCSE (and possibly beyond) and happy dealing with abstract theory. They also need an interest in learning how the world operates and enjoy balancing various approaches to problems. A grade 8 at Mathematics GCSE is an entry requirement into the subject and A Level Mathematics is strongly recommended if a student intends to study Economics at university. There is also a significant amount of written contextual material to read in each examination paper. English Grade 7, Mathematics Grade 7.
A Level Paper 1: (35% of A Level) Markets & business behaviour Assessed: Written paper drawn from Themes 1 & 3. A Level Paper 2: (35% of A Level) The national and global economy Assessed: Written paper drawn from Themes 2 & 4. A Level Paper 3: (30% of A Level). Microeconomics & Macroeconomics Assessed: Written paper drawn from Themes 1 to 4.
About Education Provider
| Region | South East |
| Local Authority | Surrey |
| Ofsted Rating | |
| Gender Type | Co-Educational |
| ISI Report | View Report |
| Boarding Fee | Day £23,400 - £28,605; Boarding £31,200 - £37,005 |
| Sixth Form Fee | Unknown |
| Address | Sandy Lane, Cobham, KT11 2ES |
This course introduces students to economic concepts through real-world scenarios. Theme 1: Introduction to markets and market failure Students develop an understanding of the nature of economics, how markets work, market failure and government intervention. Theme 2: The UK Economy – performance & policies Students develop an understanding of measures of economic performance, aggregate demand, aggregate supply, national income, economic growth, macroeconomic objectives and policy. Theme 3: The global economy This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students develop an understanding of business growth, business objectives, revenues, costs and profits, market structures, the labour market, and government intervention. Theme 4: Making markets work This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students develop an understanding of international economics, poverty and inequality, emerging and developing economies, the financial sector, and the role of the state in the macroeconomy.
Students need to be comfortable with Maths at GCSE (and possibly beyond) and happy dealing with abstract theory. They also need an interest in learning how the world operates and enjoy balancing various approaches to problems. A grade 8 at Mathematics GCSE is an entry requirement into the subject and A Level Mathematics is strongly recommended if a student intends to study Economics at university. There is also a significant amount of written contextual material to read in each examination paper. English Grade 7, Mathematics Grade 7.
A Level Paper 1: (35% of A Level) Markets & business behaviour Assessed: Written paper drawn from Themes 1 & 3. A Level Paper 2: (35% of A Level) The national and global economy Assessed: Written paper drawn from Themes 2 & 4. A Level Paper 3: (30% of A Level). Microeconomics & Macroeconomics Assessed: Written paper drawn from Themes 1 to 4.