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ECONOMICS
EXAMINATION BOARD:
Edexcel
BRIEF DESCRIPTION OF COURSE
The course aims to equip students with the basic tools of the economist to help them understand their place
and contribution to the national and global economy as consumers, workers and citizens.
They will be encouraged to investigate a range of contemporary issues, analysing the evidence from
different perspectives.
There are four areas of subject content. Students are required to study all four areas:
•
The Market System: consisting of demand and supply, the role of the market in solving the economic
problem and the labour market
•
Business Economics: consisting of production, competition and public and private sectors
•
Government and the Economy: consisting of macroeconomic objectives, policies, relationship between
objectives and policies.
•
Global Economy: consisting of globalisation, international trade and exchange rates
METHODS OF ASSESSMENT
This qualification is assessed through an examination paper lasting two hours and 30 minutes, set and
marked by Edexcel and is a single tier of entry.
CAREERS
Economics is used as a qualification and preparation for careers in: Management, Business, Politics, Insurance,
Retailing and Investment and International Finance. GCSE Economics can also be used as an entry qualification
for A-level Economics, Business Studies, Law and Marketing.
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