Lower 6th Form Curriculum

AS Economics

Syllabus Followed: Edexcel 8EC01 (AS) and 9EC01 (A2)
Entry Requirements: Grade B in GCSE Maths and Grade B in GCSE English Language

Examination Structure of the AS Course

2 Units are covered and externally assessed from September 2008.

Unit 1 ‘Competitive Markets - How They Work and Why They Fail’
(6EC01) (50% of the AS)
Supported Choice Questions & 1 Data Question (choice of 2) - 1 hour 30 mins
Unit 2 ‘Managing the Economy’
(6EC02) (50% of the AS) 1 Data Question (choice of 2), last question is worth 30 marks & is ‘open-ended’ in nature (this unit is synoptic) - 1 hour 30 mins

Examination Structure of the A2 Course

2 Units are covered externally and assessed from September 2009.

Unit 3 ‘Business Economics and Economic Efficiency’
(6EC03) (40% of the A2)
Supported choice questions and one data response (choice of two) - 1 hour 30 mins
Unit 4 ‘The Global Economy’
(6EC04) (60% of the A2)
One essay question (two parts) from a choice of three and one data response question (choice of two) This unit is synoptic - 2 hours

What is Economics?

Every society has to make decisions about how to use its limited resources. The study of Economics begins by attempting to analyse how these decisions and individuals firms and governments make choices. Economics offers powerful insights into the way we live. By studying Economics, you should improve your understanding of matters that profoundly affect us all.

How does Economics differ from Business Studies?

Business Studies can be viewed in part as the practical application of Economics to the business environment of the real world. In Business Studies, government and consumer behaviour are analysed in terms of their effects on business. For example, the Economist will be trying to answer the question “What factors will lead to changes in the level of interest rates?” For the business analyst, the important issue is “What effects will change the rate of interest have on business?”

In Economics, the emphasis is rather wider; it involves the implications for society. In turn, Business Studies is much wider than the practical application of Economics; it also involves consideration of aspects of law, accountancy and psychology, which are not covered in the Economics course.

What level of mathematical ability and written English are required?

You will be expected to use and interpret graphs, tables, bar charts, pie charts etc. In some topic areas numerical calculations such as percentage changes are also required. However, you will not be required to undertake exceptionally difficult calculations. You will also be required to combine your ability to interpret data, with an ability to write coherently and analytically.

What can Economics be combined with?

Although Economics has links with Geography, Politics, History and Mathematics, it can be successfully combined with any other subject area. It will particularly appeal to those with a keen interest in current affairs.

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