Economics

Students studying the subject at A Level follow the Edexcel Economics A specification. During the course the following topics are covered.

Year 12	Year 13
Theme 1: Introduction to markets and market failure. Microeconomic concepts. Students will develop an understanding of: Nature of economics How markets work Market failure Government intervention Theme 2: The UK economy – performances and policies. 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 Students will develop an understanding of business economics: Business growth Business objectives Revenues, costs and profits Market structures Labour market Government intervention. Theme 4 – A global perspective. Students will develop an understanding of global economics: International economics Poverty and inequality Emerging and developing economies The financial sector Role of the state in the macroeconomy.

Year 12

Year 13

Theme 1: Introduction to markets and market failure.

Microeconomic concepts. Students will develop an understanding of:

Theme 2: The UK economy – performances and policies.

Macroeconomic concepts. Students will develop an understanding of:

Theme 3 – Business behaviour and the labour market

Students will develop an understanding of business economics:

Theme 4 – A global perspective.

Students will develop an understanding of global economics:

For more detailed information on the course content and assessment please refer to the examination board website: http://qualifications.pearson.com/en/qualifications/edexcel-a-levels/economics-a-2015.html

Langley Grammar School