Economics

Assessment

Paper 1 (microeconomics) – Markets and business behaviour – An introduction to economics and economic thought, a study of how markets work and why they fail, economic problems and models, supply and demand, market structure, costs, revenues and profit, efficiency, game theory, mergers/takeovers and labour economics (35% of A-Level). Paper 2 (macroeconomics) – The national and global economy – This unit focuses on government policies, the economy and its indicators, financial markets and the economics of happiness, limitations of government, international trade and currencies, global and development economics, poverty and inequality and emerging economies (35% of A-Level). Paper 3 (synoptic) – covers both microeconomics and macroeconomics (30% of A-Level) Assessment is a mixture of multiple-choice, short answer, data response and essay questions.