We have finite resources. What should we produce? How should we produce it? For whom should it be produced? Economics seeks to answer these basic but profound questions about the creation and allocation of goods. The familiar and dominant paradigm today is the market. Where there is free trade and a free flow of information, the laws of supply and demand will ensure optimum pricing. Such is the theory. Some would argue that the manifest disparities between rich and poor across the world show that it does not work in practice. Nor too, they would add, does it address the ‘side effects’ of production and consumption. The phone maker may find a happy market of phone buyers but what should be done about the pollution the phone factory produces? Ought governments to intervene? If so, to what degree? By studying Economics at A level, you will consider issues such as these in depth. You will look at the operation of markets on a national and international scale and think about their virtues and vices. You will consider how businesses function and the role of the financial sector in society. The course will leave you with a clear understanding of the complex forces that shape our society in the context of wider social and political themes. In the first year, you will look at two themes. Theme 1 (Markets and Market Failure) focuses on microeconomic concepts. You will look at: the nature of economics; how markets work; market failure; and government intervention. Theme 2 (UK Economy – Performance & Policies) focuses on macroeconomic concepts. You will examine: measures of economic performance; aggregate demand; aggregate supply; national income; economic growth; and macroeconomic objectives and policy. In the second year, you will look at two more themes. In Theme 3 (Business Behaviour and the Labour Market) you will look at business growth and objectives; revenues, costs and profits; market structures; the labour market; and government intervention. In Theme 4 (A Global Perspective) you will look at: international economics; poverty and inequality; emerging & developing economies; the financial sector; and the role of the state in the macro economy.
To be eligible for the MPW University Foundation Programme you must: • Be aged 17+ at the start of the programme* • Entry requirements: Successful completion of local high school (either 11 or 12-year system) with good grades • Meet our English entry requirements: • January 2 term programme 5.5 IELTS or equivalent (with no less than 5.0 in any single band) – Pearson PTE (42-49), TOEFL iBT (46-59) or Cambridge (162) also accepted. • September 3 term programme 5.0 IELTS or equivalent (with no less than 4.5 in any single band) – Pearson PTE (36-41), TOEFL iBT (35-45) or Cambridge (154) also accepted. Although you will need to have good mathematical skills, the course requires you to understand economic concepts in their socio-political context and is predominately assessed by written answers which include essay- length responses. You will therefore need to be able to write clearly and concisely. You should have an interest in UK current affairs and interests in political and social issues from a global perspective.
The A level is composed of three papers. Paper 1 is on Themes 1 and 3. Paper 2 is on Themes 2 and 4. The format of both papers is the same. Each paper comprises three sections. You answer all questions from Section A and Section B, and one from Section C. In Paper 3, you will be required to apply your 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 a number of parts, including a choice of extended open-response questions; students select one from a choice of two. Papers 1 and 2 are worth 35% of the A level and Paper 3 is worth 30%. All papers last 2 hours.
About Education Provider
| Region | London |
| Local Authority | Kensington and Chelsea |
| Ofsted Rating | |
| Gender Type | Co-Educational |
| ISI Report | View Report |
| Boarding Fee | Unknown |
| Sixth Form Fee | £34,233 |
| Address | 90-92 Queen's Gate, LONDON, SW7 5AB |
We have finite resources. What should we produce? How should we produce it? For whom should it be produced? Economics seeks to answer these basic but profound questions about the creation and allocation of goods. The familiar and dominant paradigm today is the market. Where there is free trade and a free flow of information, the laws of supply and demand will ensure optimum pricing. Such is the theory. Some would argue that the manifest disparities between rich and poor across the world show that it does not work in practice. Nor too, they would add, does it address the ‘side effects’ of production and consumption. The phone maker may find a happy market of phone buyers but what should be done about the pollution the phone factory produces? Ought governments to intervene? If so, to what degree? By studying Economics at A level, you will consider issues such as these in depth. You will look at the operation of markets on a national and international scale and think about their virtues and vices. You will consider how businesses function and the role of the financial sector in society. The course will leave you with a clear understanding of the complex forces that shape our society in the context of wider social and political themes. In the first year, you will look at two themes. Theme 1 (Markets and Market Failure) focuses on microeconomic concepts. You will look at: the nature of economics; how markets work; market failure; and government intervention. Theme 2 (UK Economy – Performance & Policies) focuses on macroeconomic concepts. You will examine: measures of economic performance; aggregate demand; aggregate supply; national income; economic growth; and macroeconomic objectives and policy. In the second year, you will look at two more themes. In Theme 3 (Business Behaviour and the Labour Market) you will look at business growth and objectives; revenues, costs and profits; market structures; the labour market; and government intervention. In Theme 4 (A Global Perspective) you will look at: international economics; poverty and inequality; emerging & developing economies; the financial sector; and the role of the state in the macro economy.
To be eligible for the MPW University Foundation Programme you must: • Be aged 17+ at the start of the programme* • Entry requirements: Successful completion of local high school (either 11 or 12-year system) with good grades • Meet our English entry requirements: • January 2 term programme 5.5 IELTS or equivalent (with no less than 5.0 in any single band) – Pearson PTE (42-49), TOEFL iBT (46-59) or Cambridge (162) also accepted. • September 3 term programme 5.0 IELTS or equivalent (with no less than 4.5 in any single band) – Pearson PTE (36-41), TOEFL iBT (35-45) or Cambridge (154) also accepted. Although you will need to have good mathematical skills, the course requires you to understand economic concepts in their socio-political context and is predominately assessed by written answers which include essay- length responses. You will therefore need to be able to write clearly and concisely. You should have an interest in UK current affairs and interests in political and social issues from a global perspective.
The A level is composed of three papers. Paper 1 is on Themes 1 and 3. Paper 2 is on Themes 2 and 4. The format of both papers is the same. Each paper comprises three sections. You answer all questions from Section A and Section B, and one from Section C. In Paper 3, you will be required to apply your 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 a number of parts, including a choice of extended open-response questions; students select one from a choice of two. Papers 1 and 2 are worth 35% of the A level and Paper 3 is worth 30%. All papers last 2 hours.
