Economics

Course summary

This course will develop an interest in and enthusiasm to economics, appreciate the contribution of economics to the understanding of the wider economic and social environment. Students will develop an understanding of a range of concepts and an ability to use those concepts in a variety of different contexts. Also, use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist. Finally, students develop analytical and quantitative skills, together with qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life. The specification is split into two main sections, the first section introduces students to microeconomic issues and the second section covers mainly macroeconomic issues. Students will be assessed through three examination papers. The first paper will examine mainly the topics such as Economics as a social science, the nature of economic activity, production possibility diagrams, consumer behaviour and many more which are outlined in 4.1 of the specification. Similarly, the second paper will examine mainly the topics that are outlined in section 4.2 of the specification but may draw on economic principles from Section 4.1. The third paper will include topics from both sections of the specification and students, particularly when answering questions linked to the case study, will be expected to recognise when it is appropriate to use microeconomic and/or macroeconomic models.