This course is taught over two years. Economics is neither an art nor a science subject and is therefore worth considering for any student, analytical or numerical. “Economics is concerned with how society sets about meeting people's demands for things they want to consume. It looks at the production, consumption and sale of goods and services, both at the level of individual products, firms and consumers and at the level of the total production and consumption by countries. It also compares alternative ways of using the limited resources that countries and individuals possess and considers how efficient and/or fair such alternatives are.” The course is split into 4 themes that cover different areas of economics: Theme 1 - Introduction to markets and market failure: The nature of economics, how markets work, market failure & government intervention. Theme 2 - The UK Economy – performance and policies: Measures of economic performance, Aggregate Demand, Aggregate Supply, National Income, Economic Growth, Macroeconomic Objectives and Policy. Theme 3 - Business behaviour and the labour market: Business growth, business objectives, revenues, costs and profits, market structures, the labour market & government intervention. Theme 4 - A global perspective: International economics, poverty and inequality, emerging and developing economies, the financial sector & the role of the state in the macroeconomy.
Name: Pearson EDEXCEL Level 3 Advanced GCE in Economics Qualification title: GCE A Level in Economics Qualification type: Assessment The course is assessed by three papers as follows: Paper 1 - Markets and Business Behaviour (35%) Paper 2 - The National and Global Economy (35%) Paper 3 - Macroeconomics and Microeconomics (30%) Awarding Pearson Education Ltd (Formerly EDEXCEL) Created 20150930 12:42:20 Updated 20160912 12:16:09
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Sir Joseph Williamson's Mathematical School
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Maidstone Road Town: Rochester
Title: GCE A Level in Economics Qualification: GCE A Level in Economics Classification: Social Sciences