Curriculum - Economics

Welcome to the Economics Department.

 

 

 

 

The Department

Mrs Rowson

Mr Pratten

A Level Economics

Economics is the study of needs, wants and resources that are available. It is about the difficult choice of who to please and why and when. You cannot keep everyone happy all of the time.

 

Topics covered:

 

• 1 Economic methodology and the economic problem

• 2 Price determination in a competitive market

• 3 Production, costs and revenue

• 4 Competitive and concentrated markets

• 5 The market mechanism, market failure and government intervention in markets

The national economy in a global context

• 6 The measurement of macroeconomic performance

• 7 How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts

• 8 Economic performance

• 9 Macroeconomic policy

 

Assessments

 

Paper 1: The operation of markets and market failure

 

Assessed

• written exam: 1 hour 30 minutes

• 70 marks

• 50% of AS

 

Questions

• Section A: 20 multiple choice questions worth 20 marks

• Section B: data response questions requiring written answers, choice of one from two contexts worth 50 marks

 

 

Paper 2: The national economy in a global context

 

What's assessed

 

Content 6–9 above

 

Assessed

• written exam: 1 hour 30 minutes

• 70 marks

• 50% of AS

 

Questions

• Section A: 20 multiple choice questions worth 20 marks

• Section B: data response questions requiring written answers, choice of one from two contexts worth 50 marks

 

All the question papers are compulsory

 

 

A-level

 

Topics covered

 

Individuals, firms, markets and market failure

 

• 1 Economic methodology and the economic problem

• 2 Individual economic decision making

• 3 Price determination in a competitive market

• 4 Production, costs and revenue

• 5 Perfect competition, imperfectly competitive markets and monopoly

• 6 The labour market

• 7 The distribution of income and wealth: poverty and inequality

• 8 The market mechanism, market failure and government intervention in markets

 

The national and international economy

 

• 9 The measurement of macroeconomic performance

• 10 How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts

• 11 Economic performance

• 12 Financial markets and monetary policy

• 13 Fiscal policy and supply-side policies

• 14 The international economy

 

Assessments

 

Paper 1: Markets and market failure

 

What's assessed

 

Content 1–8 above

 

Assessed

• written exam: 2 hours

• 80 marks

• 33.3% of A-level

 

 

Questions

• Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks

• Section B: essay questions requiring written answers, choice of one from three worth 40 marks

 

Paper 2: National and international economy

 

What's assessed

 

Content 9–14 above

 

Assessed

• written exam 2 hours

• 80 marks

• 33.3% of A-level

 

Questions

• Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks

• Section B: essay questions requiring written answers, choice of one from three worth 40 marks

 

Paper 3: Economic principles and issues

 

What's assessed

 

All content 1–14 above

 

Assessed

• written exam: 2 hours

• 80 marks

• 33.3% of A-level

 

Questions

• Section A: multiple choice questions worth 30 marks

• Section B: case study questions requiring written answers, worth 50 marks

 

All the question papers are compulsory