Economics A level - Year 12 and 13
Economics A - Edexcel - specification code 9EC0
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Students do not need prior knowledge of the subject or to have studied GCSE Economics. Any student from a good GCSE background is usually accepted. The right attitude to the subject is vital, along with an interest in current affairs, politics, industry and an enthusiasm to know more.
During the course, students will be expected to apply economic theory to the ‘real world’. Current issues studied include how firms compete with rivals in the market, e.g. supermarket price wars; arguments for and against being in Europe; the advantages and disadvantages of the privatisation of the Post Office; whether the Chancellor should cut taxes or spend more on Education, should we have a minimum price for alcohol. Students are not expected to know about these events, but should be willing to find out. The new Edexcel syllabus covers 4 themes which are assessed in 3 external exams at the end of the two-year course.
1) Introduction to markets and market failure
2) The UK economy – performance and policies
3) Business behaviour and the labour market
4) A global perspective
There are three external exams assessed at the end of Year 13:
Paper 1: Markets and business behaviour, 35% of the qualification
Paper 2: The national and global economy, 35% of the qualification
Paper 3: Microeconomics and macroeconomics, 30% of the qualification