The Pearson Edexcel Level 3 Advanced GCE in Economics A is structured into four themes and consists of three externally examined papers. Students build knowledge and understanding of core economic models and concepts in Themes 1 and 2, and then build on this and apply their knowledge to more complex concepts and models in Themes 3 and 4. Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the assessments and demonstrate an awareness of current economic events and policies. Theme 1: Introduction to markets and market failure. This theme focuses on microeconomic concepts. Students will develop an understanding of the nature of economics, how markets work, market failure and government intervention. Theme 2: The UK economy - performance and policies. This theme focuses on macroeconomic concepts. Students will develop an understanding of measures of economic performance, aggregate demand, aggregate supply, national income, economic growth and macroeconomic objectives and policy.
Name: Pearson Edexcel Level 3 Advanced Subsidiary GCE in Economics A Qualification title: GCE AS Level in Economics A Qualification type: GCE A/AS Level or equivalent Assessment Paper 1: Introduction to markets and market failure, worth 50% of the total qualification. A 1 hour 30 minute written examination comprised of two sections. Section A comprises a range of multiple-choice and short-answer questions. Students answer all questions. Section B comprises one data response question broken down into a number of parts, including a choice of extended open-response questions; students select one from a choice of two. Paper 2: The UK economy - performance and policies, worth 50% of the total qualification. A 1 hour 30 minute written examination comprised of two sections. Section A comprises a range of multiple-choice and short-answer questions. Students answer all questions. Section B comprises one data response question broken down into a number of parts, including a choice of extended open-response questions; students select one from a choice of two. Awarding Pearson Education Ltd (Formerly EDEXCEL) Created 20151006 11:35:40 Updated 20151006 11:35:40
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