Economics is the social science which seeks to explain how human social systems organise production and consumption to satisfy our physical needs and wants. The subject, and the methods it applies, therefore has very wide application. The emphasis of this course is on the UK economy, including topics such as economic growth, inflation, unemployment and the labour market. You will also study the international perspectives including the European Union, globalisation, poverty, international trade and the environment. You will learn how to apply economic theory to the analysis of “real world” economic issues such as: • How are prices determined? • Why have energy prices risen? • What effect does economic downturn or recovery in Europe have on the UK economy? • What economic policies can be followed to help create jobs or reduce inflation? • How can we control the negative aspects of economic growth such as rising inequality or increased pollution? The key to doing well is being able to develop your ability to utilise economic methods to rigorously explain, and discuss, both microeconomic and macroeconomic outcomes, issues and ‘real world’ events.
You are not expected to have any previous experience of Economics, however as a minimum you will need: • Grade 6 or B in GCSE Mathematics • Grade 6 or B in GCSE English You must also: • Be comfortable working with graphs and numbers. • Be able to produce good written English. • Have good analytical skills. • Be interested in the economic issues that feature constantly in the news.
here are three written exams at the end of Year 2. These have a mixture of short questions to test your analytical skills as well as data response and essay questions which ask you to discuss economic issues in greater depth. Please note: /404Certificate in Mathematical Studies must be studied alongside this course, unless you are also studying Mathematics or Statistics.
About Education Provider
| Region | West Midlands |
| Local Authority | Herefordshire, County of |
| Ofsted Rating | Outstanding |
| Gender Type | Co-Educational |
| Address | Folly Lane, Hereford, HR1 1LU |
Economics is the social science which seeks to explain how human social systems organise production and consumption to satisfy our physical needs and wants. The subject, and the methods it applies, therefore has very wide application. The emphasis of this course is on the UK economy, including topics such as economic growth, inflation, unemployment and the labour market. You will also study the international perspectives including the European Union, globalisation, poverty, international trade and the environment. You will learn how to apply economic theory to the analysis of “real world” economic issues such as: • How are prices determined? • Why have energy prices risen? • What effect does economic downturn or recovery in Europe have on the UK economy? • What economic policies can be followed to help create jobs or reduce inflation? • How can we control the negative aspects of economic growth such as rising inequality or increased pollution? The key to doing well is being able to develop your ability to utilise economic methods to rigorously explain, and discuss, both microeconomic and macroeconomic outcomes, issues and ‘real world’ events.
You are not expected to have any previous experience of Economics, however as a minimum you will need: • Grade 6 or B in GCSE Mathematics • Grade 6 or B in GCSE English You must also: • Be comfortable working with graphs and numbers. • Be able to produce good written English. • Have good analytical skills. • Be interested in the economic issues that feature constantly in the news.
here are three written exams at the end of Year 2. These have a mixture of short questions to test your analytical skills as well as data response and essay questions which ask you to discuss economic issues in greater depth. Please note: /404Certificate in Mathematical Studies must be studied alongside this course, unless you are also studying Mathematics or Statistics.