Economics is a social science that attempts to explain how the actions and decisions of firms, consumers and workers and governments affect the operation of the economy. It plays a huge role in our daily lives; it has links to international affairs and politics and is a subject that is often debated and discussed. You will learn the assumptions behind economic terms such as 'free markets', which increasingly dominate political debate. You will realise the bluntness of economic policy tools and the extent to which economic concepts and methods help us understand and tackle issues such as climate change and inequality as well as considering the trade-offs that governments face as they try to resolve problems such as the financial crisis of 2008.
The course is assessed via three examination papers, each of two hours in length; paper one covers markets and market failure, paper two covers the national and international economy and paper three is a synoptic paper. The examination papers feature a range of question styles including: • multiple choice questions • short answer questions • essay questions • data response questions • case studies
About Education Provider
| Region | East of England |
| Local Authority | Norfolk |
| Ofsted Rating | |
| Gender Type | Co-Educational |
| ISI Report | View Report |
| Boarding Fee | Unknown |
| Sixth Form Fee | £14,850 - £19,275 |
| Address | Langley Park, Langley, Norfolk, NR14 6BJ |
Economics is a social science that attempts to explain how the actions and decisions of firms, consumers and workers and governments affect the operation of the economy. It plays a huge role in our daily lives; it has links to international affairs and politics and is a subject that is often debated and discussed. You will learn the assumptions behind economic terms such as 'free markets', which increasingly dominate political debate. You will realise the bluntness of economic policy tools and the extent to which economic concepts and methods help us understand and tackle issues such as climate change and inequality as well as considering the trade-offs that governments face as they try to resolve problems such as the financial crisis of 2008.
The course is assessed via three examination papers, each of two hours in length; paper one covers markets and market failure, paper two covers the national and international economy and paper three is a synoptic paper. The examination papers feature a range of question styles including: • multiple choice questions • short answer questions • essay questions • data response questions • case studies