Economics
Course Breakdown
Course Summary
• Exam board is Edexcel
Paper Marks Duration Weighting
Paper 1 Covers topics from Themes 1 and 3 . Section A – multiple choice and short answer questions . Section B – data response . Section C – an open-response question .
Paper 2 Covers topics from Themes 2 and 4 . Section A – multiple choice and short answer questions . Section B – data response . Section C – an open-response question .
Paper 3 Covers topics from Themes 1 , 2 , 3 and 4 . This paper contains two data response sections and two open-response questions
100 2 hours 35 %
100 2 hours 35 %
100 2 hours 30 %
Summary of Content Theme 1
Microeconomics – including demand and supply , different markets structures , elasticities of demand and supply , market failure , government taxation / subsidies , and government failure .
Theme 2
Macroeconomics – including economic growth , inflation , unemployment , government macroeconomic objectives and policies .
Opportunities in the Subject The following texts are specification specific : 1 . Cole and Brewer , 2015 , My Revision Notes Edexcel
AS / A level Year 1 Economics A , Hodder Education . 2 . Anderton A , 2015 , Edexcel Economics AS / A level ,
6th Edition , Pearson .
In addition , it is essential to keep an eye on the news and current affairs to provide detail and real world context to your answers throughout the course .
Theme 3
Microeconomics – including business objectives , market structures ( perfect competition , monopolies , monopolistic competition and oligopolies ), price discrimination and labour markets
Theme 4
Macroeconomics – including exchange rates , financial markets , globalisation , development economics and trade blocs .
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