ECONOMICS A LEVEL AND AS LEVEL
“One of the top private sixth form colleges in London, backed up by results”
Economics
Economics is an academically rigorous and rewarding subject at Westminster Tutors, which deals with society’s scarce resources and how they should be allocated. The study of Economics is current and continually changing with the world in which we live. Students learn about how individuals and businesses make decisions, and how policies can be adopted to improve the national and global economy, as well as developing skills such as research, analysis, evaluation and problem-solving.
Course outline
Theme 1 - Introduction to markets and market failure
- Nature of economics
- How markets work
- Market failure
- Government intervention
Theme 2 - The UK economy - performance and policies
- Measures of economics performance
- Aggregate demand
- Aggregate supply
- National income
- Economic growth
- Macroeconomic objectives and policies
Theme 3 - Business behaviour and the labour market
- Business growth
- Business objectives
- Revenues, costs and profit
- Market structures
- Labour market
- 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
Assesment
AS level
Paper 1: Introduction to markets and market failure
- Assessment of topics from across theme 1
- 80 marks
- 1 hour 30 minutes written paper
- 50% of total AS level
Paper 2: The UK economy – performance and policies
- Assessment of topics from across theme 2
- 80 marks
- 1 hour 30 minutes written paper
- 50% of total AS level
A level
Paper 1: Markets and business behaviour
- Assessment of topics from across themes 1 and 3
- 100 marks
- 2 hours written paper
- 35% of total A level
Paper 2: The national and global economy
- Assessment of topics from across themes 2 and 4
- 100 marks
- 2 hours written paper
- 35% of total A level
Paper 3: Microeconomics and Macroeconomics
- Assessment of topics from across all four themes
- 100 marks
- 2 hours written paper
- 30% of total A level
Specification
Teachers will choose the examination board for students joining in Year 12 based on their expertise and specialist knowledge. For Year 13 and retake students, teachers will continue students’ studies with AQA, Edexcel/Pearson, OCR or WJEC/Eduqas. Please note that we do not offer CIE but can more than map to one of the boards listed.
Teachers
David Shreir
BSc (UCL), MSc (Royal Holloway), PGCE (Institute of Education, London)
BSc (UCL), MSc (Royal Holloway), PGCE (Institute of Education, London)
Jason Stokes
BEcon (Sydney), MCommerce (Sydney), MTeaching (Sydney), QTLS