Key Stage 5

ECONOMICS
EDEXCEL 8ECO and 9ECO

THE AS and A LEVEL PROGRAMMES OF STUDY

Theme 1: Introduction to markets and market failure

o   Nature of economics
o   How markets work
o   Market failure
o   Government intervention

Theme 2: The UK economy - performance and policies

  • Measures of economic performance
  • Aggregate demand and supply
  • National income
  • Economic growth
  • Macroeconomic objectives and policy

Theme 3: Business behaviour and the labour market

o   business growth
o   business objectives
o   revenues, costs and profits
o   market structures
o   labour market
o   government intervention

Theme 4: A global perspective

  • International economics
  • Poverty and inequality
  • Emerging and developing economies
  • The financial sector
  • Role of the state in the macroeconomy
 
  Text Box: Theme 1: Introduction to markets and market failure<br />
o	Nature of economics<br />
o	How markets work<br />
o	Market failure<br />
o	Government intervention</p>
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