Economics has four units covered over 2 years:
- 1 Markets in Action (Microeconomics in Year 1)
- Basic economic ideas
- How markets work: Demand & Supply
- Market failure and government intervention
- 2 Macroeconomic performance and policy (Macroeconomics in Year 1)
- Economic objectives
- How the economy works: Aggregate Demand & Aggregate Supply
- Government policy
- 3 Business behaviour (Micro in Year 2)
- Types of size of businesses
- How businesses make decisions: market structures
- Government intervention to control monopolies
- 4 Developments in the global economy (Macro in Year 2)
- Globalisation & International trade
- How the global economy works: interactions between economies
- Developmental policy, poverty and inequality
Each unit has an exam. It is recommended that students take the Units 1 & 2 exams at the end of the first year and the Units 3 & 4 exams at the end of the second year.
The exams contain a combination of multiple-choice, short-answer, data-response, and essay questions. The exams for Units 3 & 4 have fewer short answer questions and more essay questions.
This course follows the Pearson Edexcel International AS & A Level syllabus, which is specifically designed for our global student community. Unlike the UK domestic version, this international pathway offers a modular structure with exam opportunities in January, June, and October.