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Economics

Busecons: Mission statement

  • Our aim in both subjects is to provide a valuable insight into the working of the modern economy by promoting an excellent awareness of the current economic issues at the same time developing and improving students’ analytical skills.
  • Maximise each learner’s potential and achieve as many top grades as possible.
     

KS4 Economics

It provides learners with an understanding and appreciation of the interdependence and dynamics of economic behaviour, particularly looking at current economic issues. Learners will be able to distinguish between facts and opinions and evaluate quantitative and qualitative data in order to help build arguments and make informed judgements.
 

Unit A591

How the Market Works

Written paper

1 hour – 60 marks

25% of the qualification

 

This unit covers issues within microeconomics. Students will consider the basic economic problem and how it affects the allocation of resources in competitive markets. The unit will cover how price is determined through the forces of demand and supply and how a firm competes in the market.

Unit A592

How the Economy Works

Written paper

1 hour - 60 marks

25% of the qualification

 

This unit covers issues within macroeconomics. Students will consider three of the main variables in the economy and how these are influenced by government policy. It covers the expenditure and revenue of government, including taxes, and the effects that these have on the economy.

Unit A593

The UK Economy and

Globalisation

Written paper

1 hour 30 mins – 80 marks

50% of the qualification

Questions are based on a pre-release study

 

This unit covers the UK economy and globalisation and builds on the knowledge and skills gained in units A591 and A592. Students look at trade and its implications, at a local, national and global level.

 

KS5 Economics

The course offers learners the opportunity to apply economic concepts and theories in a range of contexts and to appreciate their value and limitations in explaining real-world phenomena. The units studied will provide a coherent combination of micro- and macro-economic content, methods of enquiry and the ability to explore a range of current economic issues, particularly at A2 level.
 
 

Economics A level

Economics is the right subject for you if you enjoy:

  • debating economic issues such as inequality, immigration
  • and how we should pay for healthcare
  • using and interpreting data to analyse economic problems
  • discussing alternative courses of action
  • keeping up to date with national and international trends

What will I learn?

Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. An economic way of thinking can help you make better choices.

In Theme 1 and Theme 2 you will be introduced to the nature of economics, how markets work and why they fail. You will also consider the role of government and the UK economy.

In Theme 3 and Theme 4 you will explore how businesses grow and compete, the labour market and how the government intervenes to make markets work better. You will also explore international trade, inequality within and between countries, emerging and developing economies, and the public finances. You will also have an opportunity to consider the role and impact of the financial sector.

How will I be assessed?

Paper 1

Short-answer, data

response and essay

questions on markets and

business behaviour – this

is the content you study in

Theme 1 and Theme 3.

 

Paper 2

Short-answer, data response

and essay questions on the

national and global economy

– this is the content you

study in Theme 2 and

Theme 4.

 

Paper 3

The questions in the

exam – data response and

essay questions – cover

concepts and theory from

the whole course.

 

 

What do A level Economics students think?

“I think studying economics is essential because it helps you understand how the world we live in is structured. Economics sheds light on how and why resources are distributed the way they are, how money works, why things cost what they do, etc. If you are going to exist in this world, it's a pretty [good idea] to have at least a basic grasp of [this] important discipline!”

“Studying economics in the sixth form stretches your mind and forces you to think laterally about a range of interesting and topical problems.”

“Studying economics in the sixth form gives you a powerful insight into the fundamental mechanisms upon which the world operates.”

“Studying economics in the sixth form will not only ensure you stay up-to-date with current affairs; you will also develop the facilities to critically analyse a range of issues in finance, business and politics.”

Page Documents Date  
Economics GCSE for website.docx 16th Sep 2016 Download
Economics A level for website.docx 16th Sep 2016 Download