Economics

Assessment

The first year of the course covers an introduction to both Microeconomics and Macroeconomics. Within microeconomics topics such as the nature of economics, the functions of the market, market failure and government intervention are explored, discussed, and examined. Within macroeconomics, an analysis of the UK economy is undertaken, exploring topics such as measures of economic performance, economic growth, and economic policy. During the second year of the course more in-depth explorations into both microeconomics and macroeconomics. From a global perspective, topics such as free trade, poverty and economic development are examined. An analysis of business behaviour, market structures, competition policy and the labour market are studied as part of the further microeconomics element. This is a two-year A Level course. The course is assessed entirely by a final examination of four themes. Paper One - Markets & Business Behaviour. The paper assesses themes 183 of the A Level specification. and accounts for 35% of the total A Level grade. Paper Two - The National & Global Economy. The paper assesses themes 2&4 of the A Level specification and accounts for 35% of the total A Level grade. Paper Three - Microeconomics & Macroeconomics. The paper assesses themes 1 to 4 of the A Level specification and accounts for 30% of the total A Level grade.