AS LEVEL ECONOMICS – EDEXCEL

Course code: 8EC0

Delivery method: Online

Course duration: 24 Months

Entry requirements: No prior qualification needed

Award achieved: EDEXCEL AS-Level Economics

Awarding body: EDEXCEL

Studying economics is beneficial because it helps you comprehend the workings of the financial industry.

Being aware of the state of the economy will help you stand out from the competition in practically any position or career.

Micro and macroeconomics are covered in this interesting and engrossing course.

SKILLS GAINED

Analytical Skills

Problem-Solving

Research and Data Analysis

Critical Thinking

Numeracy

Communication

Understanding Economic Systems

Policy Analysis

Global Perspective

Time Management

Ethical and Social Responsibility

Teamwork

Presentation Skills

Decision-Making

COURSE OUTLINE

Economics A is structured around two main themes and comprises two externally examined papers. In these themes, students develop their understanding of fundamental economic models and concepts. They must apply this knowledge to both familiar and unfamiliar contexts during assessments and demonstrate awareness of current economic events and policies.

Theme 1: Introduction to markets and market failure

This theme focuses on microeconomic concepts. Students will develop an understanding of:

● nature of economics

● how markets work

● market failure

● government intervention.

Theme 2: The UK economy – performance and policies

This theme focuses on macroeconomic concepts. Students will develop an understanding of:

● measures of economic performance

● aggregate demand

● aggregate supply

● national income

● economic growth

● macroeconomic objectives and policy.

COURSE CONTENT

Theme 1: Introduction to markets and market failure

Module 1: Nature of economics

Module 2: How markets work

Module 3: Market failure

Module 4: Government intervention

Theme 2: The UK economy performance and policies

Module 1: Measures of economic performance

Module 2: Aggregate demand

Module 3: Aggregate supply

Module 4: National income

Module 5: Economic growth

Module 6: Macroeconomic objectives and policy

ASSESSEMT

Paper 1: Introduction to markets and market failure

Paper 1 will assess microeconomics and questions will be drawn from Theme 1.

Written examination.

● The paper comprises two sections.

● Section A comprises a range of multiple-choice and short-answer questions.

Students answer all questions.

● Section B comprises one data response question broken down into a number of

parts, including a choice of extended open-response questions; students select

one from a choice of two.

● Duration: 1 hour 30 minutes.

● 80 marks available.

Paper 2: The UK economy – performance and policies

Paper 2 will assess macroeconomics and questions will be drawn from Theme 2

Written examination.

● The paper comprises two sections.

● Section A comprises a range of multiple-choice and short-answer questions.

Students answer all questions.

● Section B comprises one data response question broken down into a number of

parts, including a choice of extended open-response questions; students select

one from a choice of two.

● Duration: 1 hour 30 minutes.

● 80 marks available.

METHOD OF STUDY

Online and Paper Based