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Economics

Exam Board Specification: EDEXCEL

How the course is assessed

  • Paper 1: Markets and business behaviour - 35%
  • Paper 2: The national and global economy – 35%
  • Paper 3: Microeconomics and macroeconomics – 30%

Description of course

Theme 1: Introduction to markets and market failure – focuses on microeconomic concepts. Students will develop an understanding of:

  • Nature of economics
  • How markets work
  • Market failure
  • Government intervention.

Theme 2: The UK economy –performance and policies - focuses on macroeconomic concepts. Students will develop an understanding of:

  • Measures of economic performance
  • Aggregate demand
  • Aggregate supply
  • National income
  • Economic growth
  • Macroeconomic objectives and policy.

Theme 3: Business behaviour and the labour market - This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics.
Students will develop an understanding of:

  • Business growth
  • Business objectives
  • Revenues, costs and profits
  • Market structures
  • Labour market
  • Government intervention.

Theme 4: A global perspective - This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of:

  • International economics
  • Poverty and inequality
  • Emerging and developing economies
  • The financial sector
  • The role of the state in the macro economy.

Higher education, future careers and progression routes

Economics is highly regarded by employers, leading to a wide variety of professions in industry, commerce and the public service sector which command the higher salaries and better prospects. Concerning higher education institutions, Economics A’ Level is an excellent lead-in to a degree in Economics, which is often combined with Politics, Business, Accounting, or a language.

2016 Examination success rates:

  • Pass rate: 97%
  • A*- B grades: 69%
  • A* - C grades: 93%

Entry Criteria

Students must meet the Consortium minimum entry criteria for A Level courses, that is, a GCSE grade 4 or higher in English Language, grade 5 or higher in Maths (point score of 44.5 or higher).

Additional information:

In order to be a successful Economics student the reading of newspapers and economic journals is essential. Students will have to bring into exam answers information / evidence they have read in the press.

Ask a question:

subjectlead@southernconsortium.org.uk