We follow the AQA specification which applies economic theory to support analysis of current economic problems and issues and encourages students to appreciate the interrelationships between microeconomics and macroeconomics. The subject is up-to-date and relevant and students are able to relate locally, nationally and globally to real-world case studies.
As part of this course you will be taken to the Bank of England to develop your knowledge and understanding of the impact and role Government institutions have on business and the economy.
Over the two years you will study: Individuals, firms, markets and market failure:
- Economic methodology and the economic problem
- Individual economic decision making
- Price determination in a competitive market
- Production, costs and revenue
- Perfect combination, imperfectly competitive markets and monopoly
- The labour market
- The distribution of income and wealth: poverty and inequality
- The market mechanism, market failure and government intervention in markets