The study of Economics has three main objectives:
To explain...
Given a wide range of circumstances, how does an individual make a rational choice between the available alternatives?
To understand...
How can we understand the nature of social institutions, such as firms and markets, within which such choices are made?
To analyse...
How do these individuals and institutions interact to generate outcomes for society as a whole?
There are opportunities for the girls to be involved in real and hypothetical business scenarios through activities like Share Club, Princes Trust, The Bank of England Target Two Point Zero (interest rate challenge) and the Young Economist of the Year essay writing competition.
AS
Module 1: Markets and Market failure
- The allocation of resources in competitive markets
- Demand, Supply and Efficiency
Module 2: The National Economy
- Growth and inflation
- Government Policy and AD/AS analysis
Exam questions for each module are based on 25 objective test items and one data response question with four sub-questions. Length of papers 1hr15m
A2
Module 3: Business Economics and the Distribution of Income
Concentrated markets (monopolies and oligopolies)
The labour market
Module 4: The National and International Economy
The impact of globalisation and EU membership
UK economic performance
An essay question and data response question for each module. Length of papers 2hrs
Details of the full AQA specifications can be found on the AQA website or by following this link:
www.aqa.org.uk/qual/gce/economics_new.php