The syllabus focuses on the key concepts of modern economics. The subject itself is concerned with the allocation of scarce resources – our ‘wants’ are infinite, but we can provide for only a small number of them. How do we decide what, how and for whom to produce? In Microeconomics students will use concepts like demand and supply to learn how the majority of individual markets work (from money markets to housing markets, clothing and food). We also study what causes this system fails and the consequences; would everyone pay for education if they had to? We also look at business economics – how firms behave in different competitive environments – labour markets and the distribution of income; is inequality fair? Do people get what they deserve? We also study Macroeconomics – the functioning of the whole economy. Students should gain insight into the debate on spending cuts and the age of austerity, financial markets and the policies that governments can use to manage the economy. We will also introduce the international context incorporating globalisation and the EU (including the Eurozone crisis). The subject is studied within the context of contemporary life. Economic issues are current and dynamic and concepts are covered in a way that reflects this. Economics Society meetings help to ground the subject in real life for a broader understanding of the syllabus.
Name: Economics GCE AS Level (EDEXCEL) Qualification title: GCE AS Level in Economics Qualification type: Assessment Awarding Assessment & Qualifications Alliance Created 20120820 12:45:53 Updated 20151027 11:12:14
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