Economics B AS and A-Level September 2016 (Edexcel)

The Business Education department Mr Rockliffe Head of the Social Sciences Faculty and Subject Leader for Business Education Miss Bryan Teacher of Business & Economics

A Level at a glance Theme 1 Markets, consumers and firms Theme 3 Making markets work Paper 1 Markets and how they work (2 hours) 35 % Theme 2 The wider economic environment Theme 4 The global economy Paper 2 Competing in the global economy (2 hours) 35% Paper 3 The economic environment and business (2 hours) 30% *All exams sat at the end of the two year course

AS at a glance Theme 1 Markets, consumers and firms Paper 1 Markets, consumers and firms (1 hour 30 mins) 50% Theme 2 The wider economic environment Paper 2 The wider economic environment (1 hour 30 mins) 50% *All exams sat at the end of the one year course

Content: Themes 1 and 2 Theme 1- MR ROCKLIFFE Theme 2- MISS BRYAN 1.1 Scarcity, choice and potential conflicts 1.2 Enterprise, business and the economy 1.3 Introducing the market 1.4 The role of credit in the economy 1.5 Market failure and government intervention 1.6 Revenue, costs, profits and cash 2.1 Business growth and competitive advantage 2.2 Firms, consumers and elasticities of demand 2.3 Productive efficiency 2.4 Life in a global economy 2.5 The economic cycle 2.6 Introduction to macroeconomic policy

Content: Themes 3 and 4 Theme 3 Theme 4 3.1 Globalisation 3.2 Economic factors in business expansion 3.3 Impact of globalisation on global companies 3.4 Impact of globalisation on local and national economies 3.5 Global labour markets 3.6 Inequality and re-distribution 4.1 Competition and market power 4.2 Market power and market failure 4.3 Market failure across the economy 4.4 Macroeconomic policies and impact on firms and individuals 4.5 Risk and the financial sector

Paper 3- Case study This paper has a pre-released context to enable students to investigate an industry or market in which businesses operate. Students on the A-level course will work on this after their AS exam leave and during the summer before Y13 starts in the September.

Quantitative Skills The assessment of quantitative skills will include at least Level 2 mathematical skills as a minimum of 10% of the overall A Level marks (5% of the overall AS marks).

Assessment objectives Knowledge and understanding 25% Application 25% Analysis 25% Evaluation 25%

Expectations Grade C in GCSE English Grade C in GCSE Maths Grade C in GCSE Business Studies /Economics (if studied) Don’t need GCSE Business/ Economics to start ‘Bridging the gap’ work

After the A-level Economics Business Enterprise Marketing Accountancy Law

Any questions?