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SIBFORD SIXTH FORM


Economics


ENTRY REQUIREMENT • GCSE English Grade 6 • GCSE Maths Grade 6


This course aims to develop an interest and enthusiasm for Economics by developing an understanding of the current economic issues, problems and institutions which affect everyday life. It will also explain, analyse and evaluate the strengths and weaknesses of the market economy, setting them both in a national and an international context. The course will help students to develop the knowledge of the key concepts which will enable them to understand and explain the issues involved. Students will therefore develop skills and attitudes which will equip them to face the challenges, opportunities and responsibilities of adult working life. The course at AS and A level is divided into two parts: 1. Micro-Economics 2. Macro-Economics


– Individuals, Businesses, Markets and Market failure. – The National and International Economy.


AS Paper 1: The Operation of Markets and Market Failure • 1 hour 30 minute written paper (including multiple choice and data response questions)


• 70 marks • 50% of the total AS Level. The nature and purpose of economic activity, economic resources, scarcity, choice and the role of markets with the part played by businesses, consumers and governments.


Paper 2: The National Economy in a Global Context • 1 hour 30 minute written paper (including multiple choice and data response questions)


• 70 marks • 50% of the total AS Level. The circular flow of National Income, Aggregate Demand and Supply, the objectives and tools of government economic policy.


A Level


This will build upon and extend the ideas and concepts developed at AS level in both Micro and Macro Economics. Paper 1: Markets and Market Failure • 2 hour written paper (including data response and essay questions)


• 80 Marks • 33.33% of total A Level. A more detailed examination of the activities of businesses and market, with a review of the issues raised by inequalities of income and wealth.


Paper 2: National & International Economy • 2 hour written paper (including data response and essay questions)


• 80 marks • 33.33% of total A Level. An in-depth study of the four macro- economic objectives and government policy, with an increased focus on the international context.


Paper 3: Economic Principles and Issues • 2 hour written paper (including multiple choice and data response questions)


• 80 marks • 33.33% of total A Level. An overview of issues raised in both Micro and Macro Economics.


A Level Exam Board: AQA


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