Specification at a glance
This qualification is linear. Linear means that students will sit all their exams at the end of the course.
Subject content
How markets work:- 1. Economic foundations
- 2. Resource allocation
- 3. How prices are determined
- 4. Production, costs, revenue and profit
- 5. Competitive and concentrated markets
- 6. Market failure
- 7. Introduction to the national economy
- 8. Government objectives
- 9. How the government manages the economy
- 10. International trade and the global economy
- 11. The role of money and financial markets
Assessments
Paper 1: How markets work |
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What's assessed Content 1–6 Students will be expected to draw on knowledge and understanding of the entire course of study to show a deeper understanding of these topics. |
How it's assessed
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Paper 2: How the economy works |
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What's assessed Content 7–11 Students will be expected to draw on knowledge and understanding of the entire course of study to show a deeper understanding of these topics. |
How it's assessed
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