EDEXCEL Economics is an exciting and highly topical subject which analyses issues that grab the headlines. At the centre of the subject is the question of how we divide up our scarce resources and how those decisions affect us all. You will develop an understanding of economic concepts and theories through a critical examination of current economic issues, problems and institutions that affect your everyday life.
You will learn how to apply those concepts and theories in a range of contexts and to appreciate their values and limitations in explaining real world phenomena. You will also learn how to analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of the government within it.
- 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 competition, 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
- The national and international economy
- The measurement of macroeconomic performance
- How the macro economy works : the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
What We Add
We are enthusiastic about student engagement and bring you the latest news on market price movements and government economic policies both nationally and internationally. Opportunities to attend student conferences, hear from guest speakers and take part in trips, e.g. the Bank of England; hear how they control inflation through interest rate movements in the heart of the financial district. We will enter a stock market competition so you can experience what it is like to be ‘a trader’ by trying to predict market movements from information about trends, weather fluctuations and expectation of future demand.
You will need to meet the standard college entry criteria for A-level courses. You will also need at least a grade B (5) in GCSE maths.
After Sixth Form
All universities appreciate how valuable Economics is as a subject. Those who have a good understanding of the economy will find rewarding occupations in banks and financial institutions, manufacturing and service companies, the media, government and international organisations.