Economics - Year 13

Overview

The course followed is the Pearson Edexcel A Level in Economics A.

Students develop knowledge and understanding of core economic models and concepts. The focus is on business behaviour and the labour market and the global economy. Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the assessment and demonstrate an awareness of current economic events and policies.


Course Content

Autumn Term

Theme 3: Business behaviour and the labour market

This theme develops on microeconomic concepts introduced in Theme 1. Students will develop an understanding of:

  • business growth and objectives: mergers, takeovers, demergers, profit maximisation
  • revenue, costs and profits: efficiency, profitability, bankruptcy
  • market structures: monopoly versus competition
  • government intervention to promote competition / protect consumers
  • labour markets: minimum wages, why we have unemployment and job vacancies


Spring Term

Theme 4: The global economy

This theme develops the macroeconomic concepts introduced in Theme 2. Students will develop an understanding of:

  • international economics: globalisation, the EU, Brexit, trade, exchange rates
  • poverty and inequality: measurement, causes, policies
  • emerging and developing economies: what helps / hinders development
  • the financial sector: the role of banks, speculation, credit crisis
  • the role of the government in controlling the economy: government spending, taxation, interest rates


Summer Term

Revision of Themes 1, 2, 3 and 4.

Preparation for A level exams.


Homework

Homework is set regularly, and in most instances a week will be given to complete tasks. These tasks will mainly centre on past paper questions and reflect the range of assessment methods used in the final exam. Alongside written homework there will be revision tasks, research tasks and the expectation that students read more widely about the subject.


Assessment

The subject is assessed at the end of the two year course through 3 exam papers. Questions range from 1 mark responses to 25 mark essay questions, testing 4 assessment criteria:

  • A01 Demonstrate knowledge and understanding of economic theories, effects and policies
  • A02 Apply knowledge and understanding to particular economic situations
  • A03 Analyse issues within economics, discussing causes, effects, and the relative merits of any government policies
  • A04 Evaluate economic arguments and use evidence to support informed judgements

Useful Links and Information

A wealth of notes, presentations, video clips, blogs etc. can be found at:

http://www.tutor2u.net/economics


The exam board

Edexcel

Please find a link to the specification below

https://qualifications.pearson.com/content/dam/pdf/A%20Level/economics-a/2015/specification-and-sample-assessment-materials/A_Level_Econ_A_Spec.pdf


Economics in the news

http://www.bbc.co.uk/news/business/economy