Economics - Business Studies and Economics
Economics is all about the real world, it is ALIVE and IMMEDIATE. The world we all live in and how this can be influenced. Although it is essential to understand economic theory this is learnt within its application to what is happening today! An interest in what is going on in the UK and the world, therefore, is a good starting point for students.
Economics studies all of society dealing with both the national and international economies and the activities of various groups and institutions within it It looks at the effects of competition and the difference between private and public sector provision as well as government policy, and how economics can help in creating an environmental policy, and topics such as inflation, unemployment, exchange rates, international problems and the European Union.
Although normally a Grade B in both English and Mathematics at GCSE would be expected it is more important that students are confident in handling numbers and in writing a coherent answer.
AS consists of two compulsory modules
F581 Module 1 - The Market in actionThis module introduces the idea of why economic choices have to be made and how the market operates, including market failure and government (intervention).
F582 Module 2 - The National and International Economy
This module is based on government objectives and policies relating to national and international performance.
A2 consists of two modules
F584 Module 3 - Transport Economics
This module allows candidates to use concepts from Modules 1 & 2 of the AS course to focus on present day transport problems and issues.
- Demand and supply of different modes of transport
- Is it possible to devise an integrated and sustainable policy?
- How to deal with traffic congestion and pollution
F585 Module 4 - The Global Economy. This module considers trade and globalisation.
Assessment and weighting
Career and Higher Education
Anyone going into accountancy, banking, business or finance would find the course of direct application, while it would be useful for all professions such as the Civil Service, journalism, politics etc. There are many jobs for economists not only in the UK, but also in Europe and in international organisations.
Although not all economics courses at university require 'A' level, it does provide a greater range of choices, while anyone doing a course linked to a career mentioned above would benefit from 'AS' or 'A' level. In addition, many 'science' courses such as engineering and those leading to scientific management include economics in their university courses.
The course aims not only to teach economics, but also to develop all of the Key Skills for 'A' level students including IT, numeracy, communication - including presentations, problem solving, working in groups and personal study skills.
Business Studies & Economics
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