GCE ADVANCED LEVEL SUBJECT: Economics [CIE 9708

GCE ADVANCED LEVEL SUBJECT: Economics [CIE 9708]

Overview

Economics studies the production of wealth within society, and its subsequent distribution between the different members of society. It focuses upon the economic choices that society makes and the problems which occur in creating and distributing output. What this means in practice is that Economics studies the causes and possible solutions of many of the problems in today’s society and many of the areas of conflict between people. An understanding of economics leads to a clearer understanding of many of the issues and problems that governments have to deal with, and an appreciation of the choices which societies make. The subject often appeals to those who have some interest in current affairs or political matters or those who enjoy analysing the causes and solutions of problems. The course investigates some challenging economic concepts and provides an excellent foundation for those students wishing to study a range of related subjects at university, including Economics.

Course Description

Paper 1

Paper 2

AS Examinations: Paper 1 and Paper 2 are completed at the end of Year 12

Paper 3 Unit Content

• Basic economic Ideas and resource allocation • The price system and the microeconomy • Government microeconomic intervention • The macroeconomy • Government macro intervention • Written examination 1 hr • 30 Multiple Choice

Questions • Weighting: 40% AS

Level/20% A Level

• Basic economic Ideas and resource allocation • The price system and the microeconomy • Government microeconomic intervention • The macroeconomy • Government macro intervention • Written examination 1 hr 30 mins • Section A: 1 data response question • Section B: 1 structured essay from a choice of 3 • Weighting: 60% AS

Level/30 % A Level

Assessment

• Basic economic ideas and resource allocation • Written examination 1 hour 15 mins

Paper 4

• The price system and the microeconomy • Government microeconomic intervention • The macroeconomy • Government macro intervention

• Basic economic ideas and resource allocation • The price system and the microeconomy • Government microeconomic intervention • The macroeconomy • Government macro intervention • Written examination 2 hrs 15 mins • Section A: 1 data response question • Section B: 2 structured essays from a choice of 6 • Weighting: 35% A Level

• 30 Multiple Choice

Questions • Weighting: 15% A Level

Course Requirements

The nature of the subject, and its methods of assessment, are such that students need to have a sound level of numeracy and literacy. Students have to be able to write in extended prose, analyse information in numerical, graphical or textual form, and learn subject content thoroughly enough to be able to answer supported choice questions.

Career Path:

University courses range from the highly mathematical, to the courses which are more arts based and incorporate large elements of philosophical and political studies. Economics can also be studied at some universities in conjunction with ICT, Languages, History and Geography, or Science based courses such as Engineering. Career opportunities for students with Economics-based degrees are many and varied within business, the civil service, journalism and education.