A Level Economics

How the course is externally examined?

Paper 1 (35%)

Theme 1: Markets, consumers and firms

Theme 4: Making markets work

Paper 2 (35%)

Theme 2: The wider economic environment

Theme 3: The global economy

Paper 3 (30%)

Synoptic assessment based on a pre-release issued prior to the exam.

Theme 1: Markets, consumers and firms:

? scarcity, choice and potential conflicts

? enterprise, business and the economy

? introducing the market

? the role of credit in the economy

? market failure and government intervention

? revenue, costs, profits and cash.

Theme 2: The wider economic environment

? business growth and competitive advantage

? firms, consumers and elasticities of demand

? productive efficiency

? life in a global economy

? the economic cycle

? introduction to macroeconomic policy.

Theme 3: The global economy

? globalisation

? economic factors in business expansion

? impact of globalisation on global companies

? impact of globalisation on local and national economies

? global labour markets

? inequality and redistribution.

Theme 4: Making markets work

? competition and market power

? market power and market failure

? market failure across the economy

? macroeconomic policies and impact on firms and individuals

? risk and the financial sector.

How is the course internally assessed?

Students will be assessed each half term using past exam paper questions on content they have covered. There will be build up towards being able to complete a full paper for the end of year mock.