SJL Sixth Form Prospectus 2024 (3) - Flipbook - Page 36
Education for a changing world
34
Theme 1: Introduction to markets and market failure
This theme focuses on microeconomic concepts. Students will develop an understanding of:
Nature of economics
How markets work
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
