Students develop an understanding of economic concepts and theories through critical consideration of current economic issues, problems and institutions that affect everyday life, drawing on local, national and global contexts. They develop in-depth understanding of the role of markets and how governments seek to manage them, gaining awareness of contemporary developments in macroeconomic policy. There are three broad areas of study: Microeconomics • Scarcity and choice • Demand and supply in product and labour markets • Resource allocation • Costs, revenues and profits • Market structures • Market failure. Macroeconomics • Macroeconomic theory • Macroeconomic objectives • Policy instruments. Global economics • International trade • Non-UK economies • Economic development.
Name: Economics AS/A2 Level (Linear) Qualification title: GCE A Level in Economics Qualification type: GCE A/AS Level or equivalent Assessment Paper 1: Economic Principles. 1h 30m. 30%. Section A – compulsory multiple choice questions Section B – compulsory structured questions Paper 2: Exploring Economic Behaviour. 2h 30m. 30%. Compulsory data response questions. Paper 3: Evaluating Economic Models and Policies. 2h 30m. 40%. Section A – Microeconomics Section B – Macroeconomics Section C – Trade and Development One essay from a choice of two in each section. Awarding - Created 20151126 12:33:56 Updated 20161021 13:43:46
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