Economics With Business | Rainhill6th

Economics With Business

A-level Economics will give you an excellent understanding of how economies allocate their scarce resources to meet the needs and wants of their citizens.

Subject Type: A Level
Details of Exam Board: Edexcel
Entry Requirements:

5 GCSEs, grade 4 or above, including a Grade 6 in Maths and English.

Last three years destinations:
  • BA (Hons) in Economics at Coventry University
  • BA (Hons) in Industrial Economics at Nottingham University
  • BA (Hons) in Business Economics at Liverpool University

You will develop a greater understanding of the economic problems which face individuals, firms and governments on a local, national and global level and the alternative ways these problems can be resolved.

Course Aims

You will investigate microeconomic topics such as how individual decisions impact economic outcomes, the importance of competition, how markets operate and why they fail and how the distribution of income and wealth is affected. At the same time you will learn about macroeconomics, looking at the ‘big picture’ of how our national economy fits into the global context, the global impact of financial markets and monetary policy and the operation of the international economy.

Economics really opens your eyes to how businesses, central banks and governments operate to achieve their own objectives. We look at real life examples every lesson and build on guest speakers from the likes of the Bank of England to show where the subject can take you

Progression

A-level Economics will benefit you if you are looking to go on to study economics, business or finance at university. The skills you acquire will help you no matter what degree course you choose.

Exam

Assessment is entirely by examination and consists of three written papers at the end of Year 13, each out of 80 marks. All papers carry an equal weighting and count towards a third of the overall grade.

  • Paper 1 – Markets and market failure is a 2 hour examination.
  • Paper 2 – National and International economy is a 2 hour examination.
  • Paper 3 – Economic principles and issues is a 2 hour examination.

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