ECONOMICS
 
Edexcel, Specification 8121 'AS'
              Specification 9121 'A2'

'AS' Assessment

Unit Code  Title/Description Method of Assessment Distribution of Marks
1 6351 Markets - How they work Externally Assessed Written Examination (1 hrs)

30%

‘AS’

15%

‘A’ Level

2 6352 Markets - How they fail Externally Assessed Written Examination (1 hrs)

30%

‘AS’

15%

‘A’ Level

3 6353

Managing the economy

Externally Assessed Written Examination (1 hrs)

40%

‘AS’

20%

‘A’ Level

'A2' Assessment

Unit Code  Title/Description Method of Assessment Distribution of Marks
4 6354 Industrial Economics Externally Assessed Written Examination (1 ¼ hrs) 15%
5 6355 Labour Markets Externally Assessed Written Examination (1 ½ hrs) 15%
6 6346 The UK in the Global Economy Externally Assessed Written Examination (1 ¼ hrs) 20%
 

Students do not need to have studied Economics or Business at GCSE Level. The course will appeal to those who:

wish to pursue a career in an Economics, Finance or Business related profession;
have completed a G.C.S.E. course in Economics or Business and wish to further their study;
have an interest in current affairs and a desire to explore and understand the workings of the real world;
wish to keep their options open for their future beyond tertiary education


Economic issues surround us and impact on us in our daily lives and studying Economics provides an  insight and understanding into many important issues that govern our well-being as individuals, but also the well being of the economy and society as a whole.

There are many questions that can be asked about everyday things to which Economics can provide answers.  For example, why are some goods taxed more heavily than others, why do food mountains exist, why are some goods provided by the state and not others, why do some countries export cars and others food, what happens to unemployment if benefits are reduced and what happens to consumption if interest rates rise.


Course Outline
The syllabus aims to:
develop students' understanding of the world by applying economic concepts to real world problems and issues;
analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it

The course is an applied one and hence looks at economic problems such as the housing market, reform of eastern Europe, health and education, unemployment and inflation, the single currency and EMU, privatisation, trade unions, congestion and pollution, taxes and trade.


Career Prospects
As a social science, Economics is an acceptable choice with any other combination of 'A' Levels. Good Economics students are confronted with a choice in the labour markets since they possess a wide range of "marketable" skills that are transferable across a variety of careers.  These include law, business, accounting, banking and finance, politics, insurance, management and, of course, professional economics in the public and private sectors, research institutions, universities, in the City or in international organisations.