Do you keep your finger on the pulse of current economic events? Are you keen to develop your understanding of how the government deals with issues such as unemployment, inflation and markets? Do you want to understand how firms make their production decisions - what to produce and for whom? Do you want to make sense of Global economic events? If so, you should consider studying Economics as an option. Economics is classified as a social science which encompasses the study of scarcity and choice. In the face of unlimited human wants and needs, how do we as individuals decide what to consume? How do firms and companies decide what to produce? The Edexcel / Pearson Economics A-Level considers both micro and macroeconomic concepts. For micro economics in the first year students will study Theme 1 (the introduction to markets and market failure). Students will become experts in being able to analyse consumer and producer patterns of behaviour within a market for a given good or service. Skills to be able to apply and interpret charts and data will be developed in order to make predictions and explain how the pricing mechanism can affect consumption and production. In Theme 2 (the UK economy – performance and policies), students become familiar with macroeconomic concepts. Familiar terms from everyday news and current affairs such as unemployment, GDP, inflation and interest rates are applied to economic theory to give students an understanding of the government’s decision making process. How can taxation and interest rates be used to manipulate an economy and achieve the desired macroeconomic objectives?
Name: Economics Qualification title: GCE A Level in Economics A Qualification type: GCE A/AS Level or equivalent Assessment Awarding Pearson Education Ltd (Formerly EDEXCEL) Created 20151015 13:41:15 Updated 20161108 09:36:31
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