Economics
Exam Board: Edexcel
STRUCTURE OF COURSE
This award is a two year A Level qualification.
Component 1:
Introduction to markets and market failure
Component 2:
The UK economy- performance and policies
Component 3:
Business behaviour and the labour market
Component 4:
A global perspective
ASSESSMENT
Paper 1 examines content from component 1 and component 3. This is done through a 2 hour written examination.
Paper 2 examines content from components 3 and 4. This is done though a 2 hour written examination.
Paper 3 examines content from all units. This is done through a 2 hour written examination.
CONTENT
Component 1
Includes: The economic problem, division of labour, demand and supply, elasticity, taxes and subsidies, externalities and market failure
Component 2
Includes: Government objectives, consumption, investment, balance of payments, fiscal and monetary policy, causes of growth, supply side policies
Component 3
Includes: Business objectives, costs/revenue/profit, market structures, competition policy, wage determination, government intervention
Component 4
Includes: Globalisation, financial markets, international competitiveness, exchange rates, measures of development, poverty, strategies to improve development
POSSIBLE CAREER PATHS
Economist, Investment Banker, Financial Analyst, Accountant, Journalist, Solicitor, International Development Consultant, stockbroker, actuary, trader, hedge fund manager
COMPLIMENTARY SUBJECTS
Economics goes very well with Politics, Geography, English, Maths and Modern Foreign Languages. Economics is a social science and fits very well with any combination of subjects.