b'Economics Advanced General Certificate of EducationSubject Overviewinternational economics Economics is a thought-provoking course which offers thepoverty and inequality opportunity to learn about the latest economic theoriesemerging and developing economies and practice in the context of different economic issuesthe financial sector both nationally and internationally. It explores the role ofrole of the state in the macroeconomy.government, producers and consumers and explains manyHow lessons are taughtof the issues and debates that feature in todays news andStudents are encouraged to make use of the Internet, society in general. newspapers, magazines and television programmes as 6.1Economics focuses on topical issues and events. Lessons Theme 1: Introduction to markets and market failure will utilise the ICT facilities in the classrooms, discussions, presentations, small group activities and independent Students will develop an understanding of: research.nature of economics Assessmenthow markets work A Level Economics is assessed via 100% external market failure examination at the end of 6.2government intervention Paper 1: Markets and business behaviour (35% of the Theme 2: The UK economyperformance and policies qualification)This theme focuses on macroeconomic concepts. StudentsPaper 1 will assess microeconomics and questions will be will develop an understanding of: drawn from Themes 1 and 3.Paper 2: The national and global economy (35% of the measures of economic performancequalification)aggregate demandPaper 2 will assess macroeconomics and questions will be aggregate supplydrawn from Themes 2 and 4.national incomePaper 3: Microeconomics and macroeconomics (30% of the economic growthqualification)macroeconomic objectives and policy. Paper 3 will assess content across all four themes. Students are required to apply their knowledge and understanding, Macroeconomicsstudents study the behaviour ofmake connections and transfer higher-order skills across all individuals and firms, and learn about how markets workfour themes.and how sometimes they fail, requiring government intervention to put things right.Progression6.2 Economics is a rigorous academic subject which is well respected by both universities and employers. The Theme 3: Business behaviour and the labour market combination of analytical, numerate and literate skills This theme develops the microeconomic conceptsdeveloped in A Level Economics means it is a valuable introduced in Theme 1 and focuses on business economics.preparation for a variety of university courses. However, many Students will develop an understanding of: of our students choose to study Economics at degree level.business growthExam BoardEdexcel A specification business objectives revenues, costs and profitsExam Board Edexcelmarket structures labour marketSubject Leader Mr G Collinsgovernment intervention. Specific Entry Requirements: Theme 4: A global perspective 6 GCSEs (Grade 95) including Grade 6 in English Language and Grade 7 in MathematicsThis theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of: www.ttsonline.net 27'