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Education for a changing world
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·Market failure
·Government intervention
Theme 2: The UK economy – performance and policies
This theme focuses on macroeconomic concepts. Students will develop an understanding of:
·Measures of economic performance
·Aggregate demand
·Aggregate supply
·National income
·Economic growth
·Macroeconomic objectives and policy
Theme 3: Business behaviour and the labour market
This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics.
Students will develop an understanding of:
·Business growth
·Business objectives
·Revenues, costs and profits
·Market structures
·Labour market
·Government intervention
Theme 4: A global perspective
This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global
context. Students will develop an understanding of:
·International economics
·Poverty and inequality
·Emerging and developing economies
·The financial sector
·Role and state in the macroeconomy
ASSESSMENT
Paper 1: Markets and business behaviour, questions drawn from Theme 1 and Theme 3
Paper 2: The national and global economy, questions drawn from Theme 2 and Theme 4
Paper 3 : Microeconomics and macroeconomics, questions drawn from all themes
CONTACT
For more information contact: Miss A Dunne and Mr D Thompson