Economics with Business A and A/S level

Awarding body: Edexcel  Qualification: A/S and A Level

Method of assessment: Assessment is by written examinations only

Course entry requirement:

Although the study of Business at GCSE is not a requirement, those who have studied the subject are expected to have achieved a B grade. For all students, good literacy and numeracy skills are required and therefore students should have a minimum grade 6 or above in GCSE Mathematics and English.

 Course description and what it will be like:

Theme 1: Markets, consumers and firms

Students will develop an understanding of:

scarcity, choice and potential conflicts

  • enterprise, business and the
  • economy
  • introducing the market
  • the role of credit in the economy
  • market failure and government intervention
  • revenue, costs, profits and cash.

Theme 2: The wider economic environment

Students will develop an understanding of:

  • business growth and competitive advantage
  • firms, consumers and elasticities of demand
  • productive efficiency
  • life in a global economy
  • the economic cycle
  • introduction to macroeconomic policy.

Sixth Form Curriculum EconomicsTheme 3: The global economy

This theme develops the concepts introduced in Theme 2. Students will develop an understanding of:

  • globalisation
  • economic factors in business expansion
  • impact of globalisation on global companies
  • impact of globalisation on local and national economies
  • global labour markets
  • inequality and redistribution.

Theme 4: Making markets work

This theme develops the concepts introduced in Theme 1. Students will develop an understanding of:

  • competition and market power
  • market power and market failure
  • market failure across the economy
  • macroeconomic policies and impact on firms and individuals
  • risk and the financial sector.

 Specification and Units of Study

 Paper 1 Markets and how they work, 2hr paper (35% of the A level)

Questions will be drawn from Themes 1 and 4, and assess markets

 Paper 2 Competing in the global economy, 2hr paper (35% of the A level)

Questions will be drawn from Themes 2 and 3, and the global economic environment

Paper 3 The economic environment and business, 2 hr paper (30% of the A level)

A pre-release document will direct the questioning. This paper will assess content across all four themes

Opportunities for Progression and Career Prospects:

There are a number of Economic and Business related degree courses that students can progress on to in Higher Education. A study of Economics and Business can also provide a sound foundation for careers in a wide range of areas in industry, commerce and finance.