Why study Economics?
Studying economics will help you develop transferable skills that will prepare you for studying at university or moving into the world of work. These include skills in data interpretation and essay writing. You will also develop commercial awareness.
Suitable higher education courses include economics degrees or degrees in applied economics such as environmental economics, labour economics, public sector economics or monetary economics. You might choose to study business economics, international business or a business and management degree.
Economics students can follow a wide range of careers in industry, commerce, finance and the civil service. You might choose a career in banking, sales, product management or general management.
What do I need to know or be able to do before taking this course?
It does not matter if you have not studied economics before. You might have an interest in economics and business. You might want to investigate some of the stories you hear in the news – Why do some economies grow and others do not? Why did economists not predict the global financial crisis? What impact does the economy have on the business world? What is globalisation? This course will help you to understand all this and more.
Features of the course:
Markets, consumers and firms – In this theme, students explore the way in which consumers make choices and entrepreneurs create desirable products.
The wider economic environment – This theme explores how businesses can become more competitive. It introduces students to the wider international and economic environment in which businesses operate.
The global economy – This theme builds on the content of theme 2 and continues its focus on the international economic and business environment. Issues such as globalisation and the impact of emerging economies are studied.
Making markets work – This theme considers degrees of competition within markets and then encourages students to apply their understanding to how governments may improve the functioning of markets and the economy.
Topics for Study: Markets; consumers and firms; the wider economic environment; the global economy; making markets work.
Assessment Summary: Paper 1: 2 hour examination (35%). Paper 2: 2 hour examination (35%). Paper 3: 2 hour examination (30%)
Entry Requirements: Grade 6 in GCSE Mathematics and a Grade 6 in GCSE English Language or Literature
Exam Board: Edexcel