The course is essentially split into two main sections: microeconomic issues and macroeconomic issues In microeconomics, you’ll study the models such as demand and supply, perfect competition, monopoly, the operation of the price mechanism and the causes of market failure. Other key models that relate to the operation of labour markets, wage determination and causes of inequalities in the distribution of income and wealth, are also studied. In macroeconomics, the Government’s main objectives are looked at economic growth, inflation, unemployment and the balance of payments. You’ll also investigate models of international trade globalisation, exchange rates, financial markets and monetary policy. You’ll also analyse and examine the global economy throughout the course.
New entrants must have a minimum of Grade 5 in GCSE English Language and Maths Minimum Grade 6 in GCSE Economics and ideally minimum Grade 6 in Maths. If students haven't studied Economics at GCSE, then they should have a minimum Grade 6 in Maths.
- Three exams at the end of the course. - The first exam focuses on markets and market failure. - The second exam covers the national and global economy. - The third focuses on microeconomics and macroeconomics. - Quantitative skills account for 20% of the overall mark, so you’ll need to demonstrate your competence in handling data.
About Education Provider
| Region | North East |
| Local Authority | Newcastle upon Tyne |
| Ofsted Rating | |
| Gender Type | Co-Educational |
| ISI Report | View Report |
| Boarding Fee | Unknown |
| Sixth Form Fee | £16,521 |
| Address | Eskdale Terrace, Newcastle-upon-Tyne, NE2 4DX |
The course is essentially split into two main sections: microeconomic issues and macroeconomic issues In microeconomics, you’ll study the models such as demand and supply, perfect competition, monopoly, the operation of the price mechanism and the causes of market failure. Other key models that relate to the operation of labour markets, wage determination and causes of inequalities in the distribution of income and wealth, are also studied. In macroeconomics, the Government’s main objectives are looked at economic growth, inflation, unemployment and the balance of payments. You’ll also investigate models of international trade globalisation, exchange rates, financial markets and monetary policy. You’ll also analyse and examine the global economy throughout the course.
New entrants must have a minimum of Grade 5 in GCSE English Language and Maths Minimum Grade 6 in GCSE Economics and ideally minimum Grade 6 in Maths. If students haven't studied Economics at GCSE, then they should have a minimum Grade 6 in Maths.
- Three exams at the end of the course. - The first exam focuses on markets and market failure. - The second exam covers the national and global economy. - The third focuses on microeconomics and macroeconomics. - Quantitative skills account for 20% of the overall mark, so you’ll need to demonstrate your competence in handling data.