Economics is the study of how society allocates it scarce resources between competing uses. For instance, how is our access to fresh water managed? It is a vital resource which certainly creates benefits for all consumers, however it seems our demand exceeds supply available at times and is often rationed. Another issue of concern could be the management of transport. Free Access to roads in this country is an integral part of our society, but it generates considerable problems, pollution, congestion, health issues etc. Economics may suggest the free market is the answer to both problems, charge people for what they use and they would be more careful! But what would the effect be for those on low incomes for instance. A-level Economics develops an understanding in students, which allows them to explore how markets work, and how they fail, both on a local level and at a national and international level, and how Governments can or could take a role.
Name: Economics Qualification title: GCE AS Level in Economics Qualification type: Assessment Awarding Assessment & Qualifications Alliance Created 20160315 14:44:34 Updated 20160315 14:44:34
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Title: GCE AS Level in Economics Qualification: GCE AS Level in Economics Classification: Social Sciences