Economics

Course summary

Economics B for Edexcel The Pearson Edexcel Level 3 A-Level in Economics B is structured into four themes and consists of three externally examined papers. Students are introduced to economics through building knowledge of core microeconomic and macroeconomic concepts, and by investigating economic theory through real-world businesses and the environments in which they operate. Breadth and depth of knowledge and understanding with applications to more complex concepts and models are developed in the second year of study. Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the assessment and demonstrate an awareness of current economic events and policies. Course content • Theme 1: Markets, Consumers and Firms, students learn the foundations of markets and demand, exploring consumer behaviour and business responses. • Theme 2: The Wider Economic Environment looks at the external factors impacting businesses, such as competition, globalisation, and economic policy. • Theme 3: The Global Economy, students investigate international trade, economic development, and the economic factors affecting global businesses. • Theme 4: Making Markets Work teaches students about government intervention, market failure, and policies aimed at improving economic performance.