To provide a good basis for further study of economics or business studies. The operation of markets and market failure Topics include: - The nature of economic activity covering production of goods and services - Economic resources and the objectives of individual firms and governments - The determinants of demand for goods and services and price and income elasticity - The interrelationships between markets and how markets affect resource allocation - Division of labour, adding value and output - Market failure and reasons for government intervention. - The national economy in a global context Topics include: - Macroeconomic indicators and the economic cycle - How demand affects the circular flow of income and price levels - The determinants of demand and supply - The objectives of government economic policies and how governments work towards economic growth - How inflation and deflation affect the economy and the impact of demand-pull and cost-push inflation - Macroeconomic policies including fiscal policy, monetary policy and supply-side policies. - Individuals, Firms, Markets and Market Failure Topics include: - The objectives of firms and divorce of ownership from control - The law of diminishing returns and impact of economies and diseconomies of scale - The impact of technological change on the structure of markets and the impact on business practices - The concept of monopoly and oligopoly and the impact on firms and demand/supply within a market - The demand and influences on the labour markets - The impact of wage restrictions and legislation on the economy - Public ownership, privatisation and regulation and deregulation of markets. - The National and International Economy Topics include: - The causes of change in the various phases in the economic cycle - The use and limitations of national income and how unemployment impacts on the economy - The impact of inflation and deflation on the economy and business - The role and regulation of financial markets - The impact of fiscal policies and supply-side policies and how the government attempts to manage the economic situation - The impact of exchange rate policies and globalisation - The issue of free trade and the impact of the WTO on business activities - The concept of the balance of payments and how deficits impact on the economy.
You will require a grade 6 or higher in mathematics and English Language, in addition to the general entry requirements. To study A levels, you will require a minimum of 5 GCSEs including two at grade 6 and three at grade 5. English language must be at a minimum of grade 4.
You will be assessed by a series of external examinations.
About Education Provider
| Region | West Midlands |
| Local Authority | Dudley |
| Ofsted Rating | Good |
| Gender Type | Co-Educational |
| Address | The Broadway, Dudley, DY1 4AS |
To provide a good basis for further study of economics or business studies. The operation of markets and market failure Topics include: - The nature of economic activity covering production of goods and services - Economic resources and the objectives of individual firms and governments - The determinants of demand for goods and services and price and income elasticity - The interrelationships between markets and how markets affect resource allocation - Division of labour, adding value and output - Market failure and reasons for government intervention. - The national economy in a global context Topics include: - Macroeconomic indicators and the economic cycle - How demand affects the circular flow of income and price levels - The determinants of demand and supply - The objectives of government economic policies and how governments work towards economic growth - How inflation and deflation affect the economy and the impact of demand-pull and cost-push inflation - Macroeconomic policies including fiscal policy, monetary policy and supply-side policies. - Individuals, Firms, Markets and Market Failure Topics include: - The objectives of firms and divorce of ownership from control - The law of diminishing returns and impact of economies and diseconomies of scale - The impact of technological change on the structure of markets and the impact on business practices - The concept of monopoly and oligopoly and the impact on firms and demand/supply within a market - The demand and influences on the labour markets - The impact of wage restrictions and legislation on the economy - Public ownership, privatisation and regulation and deregulation of markets. - The National and International Economy Topics include: - The causes of change in the various phases in the economic cycle - The use and limitations of national income and how unemployment impacts on the economy - The impact of inflation and deflation on the economy and business - The role and regulation of financial markets - The impact of fiscal policies and supply-side policies and how the government attempts to manage the economic situation - The impact of exchange rate policies and globalisation - The issue of free trade and the impact of the WTO on business activities - The concept of the balance of payments and how deficits impact on the economy.
You will require a grade 6 or higher in mathematics and English Language, in addition to the general entry requirements. To study A levels, you will require a minimum of 5 GCSEs including two at grade 6 and three at grade 5. English language must be at a minimum of grade 4.
You will be assessed by a series of external examinations.