The Edexcel Level 3 Advanced GCE 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.
Y12 - Theme 1: Markets, consumers and firms Introduction to markets and market failure. Supply & Demand. Finance. Y12 - Theme 2: The wider economic environment Life in a global economy. Elasticities of demand. Macroeconomic policy. Y13 - Theme 3: The global economy Globalisation. Inequality & Redistribution. Y13 - Theme 4: Making markets work The global financial crisis. Competition and market power. Market failure.
About Education Provider
| Region | Yorkshire and the Humber |
| Local Authority | Leeds |
| Ofsted Rating | Good |
| Gender Type | Mixed |
| Address | Holtdale Approach, Leeds, LS16 7RX |
The Edexcel Level 3 Advanced GCE 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.
Y12 - Theme 1: Markets, consumers and firms Introduction to markets and market failure. Supply & Demand. Finance. Y12 - Theme 2: The wider economic environment Life in a global economy. Elasticities of demand. Macroeconomic policy. Y13 - Theme 3: The global economy Globalisation. Inequality & Redistribution. Y13 - Theme 4: Making markets work The global financial crisis. Competition and market power. Market failure.