Economics

Assessment

MICROECONOMICS - You will study microeconomics during both years. You will find out about how consumers and producers make decisions on how much to buy and sell and at what price. You will be able to explain and discuss how the government can influence individual markets to encourage people to do what is right for them or to control the power of large businesses such as Apple or Google. MACROECONOMICS - You will study macroeconomics during both years. You will find out what influences the cost of living, why some people struggle to find employment, and whether trade is good for the world. You will be able to explain and discuss what governments can do to create a better standard of living for their citizens and ensure that wealth and income are distributed fairly. EXAMINATION - There is no coursework. At the end of the 2-year course, you will complete three 120-minute exam papers on microeconomics, macroeconomics, and a combination of both. The papers will contain extended essays and short answer questions that analyze economic data.