Economics is about how scarce resources are most efficiently used. Mankind's wants are unlimited but the resources with which these desires can be fulfilled are limited. Hence choices have to be made about what is actually produced. Economics is about the factors which ought to be considered when making these choices. Should we continue to produce more cars? Should the Government use taxation to encourage people to make fewer journeys? While the above is the very heart of economics, most will be more familiar with it as the subject which considers such issues as unemployment and inflation. What causes these and how can they be cured? Just how much can a government control or influence a market economy? Moreover, should it actually try to control the economy at all?
Name: Economics A Level Qualification title: GCE A Level Qualification type: GCE A/AS Level or equivalent Assessment Paper 1 - Markets and Business Behaviour - 2 hour examination - worth 35% Paper 2 - The National and Global Economy - 2 hour examination - worth 35% Paper 3 - Microeconomics and Macroeconomics - 2 hour examination - worth 30% Awarding Pearson Education Ltd (Formerly EDEXCEL) Created 20150803 10:42:44 Updated 20161011 14:42:00
None
Westcliff High School for Boys Academy
Academy Converter
office@whsb.essex.sch.uk
01702 475443
http://www.whsb.essex.sch.uk
Kenilworth Gardens Town: Westcliff-On-Sea County:Essex