Although highly desirable, it is not necessary for students to have previously studied this subject at GCSE though they should have at least a grade A in Maths and a grade B in English at GCSE. If this is likely to become a choice for a future university degree it is advisable to study maths to A level. Economics can be split into two main areas of study: Micro-economics and Macro-economics. Micro-economics is the study of how particular markets behave and economists analyse and examine the reasons why, for example, a litre of petrol is sometimes cheaper than a litre of water. Furthermore, they analyse and examine how changes in markets and prices can affect other markets. This inter-relationship needs to be understood, as does why some markets work “better” than others, if we are to make any sense of macro-economics. Macro-economics is the study of how all markets behave and economists focus on how they can influence inflation, economic growth, unemployment and trade with the rest of the world. Consequently, this leads to an understanding of how all markets that make up the economy can be influenced and manipulated to improve the standard of living, or welfare, of the population. This involves the study of different governments’ economic policies and provides A level Economists an extra dimension to their understanding of current affairs. Scheme of Assessment AS level candidates study Themes 1 & 2 in Year 12. A level candidates study Themes 1 & 2 in Year 12 and Themes 3 & 4 in Year 13.
Name: Economics Qualification title: Economics Qualification type: GCE A/AS Level or equivalent Assessment Awarding - Created 20150928 10:23:33 Updated 20161007 07:57:16
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Sir William Borlase's Grammar School
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West Street Town: Marlow