Economics

Economics
This Economics specification provides students with a combination of micro and macro content and a range of methods of enquiry. It allows students to critically explore a range of economic issues and draw on data from local, national and international sources.Candidates will have the opportunity to develop an understanding of economic concepts and theories such as demand and supply, economic policy and the economic problem of scarcity and choice.

AS Units (Year One)
UNIT EC1 - Markets and Society
The AS specification is based upon the principle of creating an introductory broad, but basic, understanding of how markets work, e.g. it introduces candidates to the basic concepts of supply and demand, the economic problem and market failure.

UNIT EC2 - Macroeconomic Theory and Policy
In this unit candidates develop a basic understanding of how the economy works. It analyses concepts such as the Circular Flow of Income, aggregate Demand and Supply and Economic Objectives and Policy.

A2 Units (Year Two)
Units 3 and 4 make up the A2 specification. At A Level candidates will be expected to use more complex micro and macro models applied to a wider range of local, national and international contexts. Candidates will be required to develop a critical approach to the evaluation of economic models and current economic policies.The AS is the first half of an A Level course. It will contribute 50% of the total A Level marks. Candidates must complete the following two units in order to gain an AS qualification.

EC1: Written Paper 1 - 50 marks (1 hour)
One compulsory data response question and two, two-part essay questions to assess all of the AS subject content. Weighting 60% of AS & 30% of A2 Examinations in June

EC2: Written Paper 2 - 80 marks (2 hours)
One compulsory data response question and two, two-part essay questions to assess all of the AS subject content. Weighting 60% of AS & 30% of A2 Examinations in June

EC3: Written Paper 3 - 60 marks (1 hour 45 minutes)
Compulsory short-answer questions (40 marks) and one synoptic essay question (20 marks) from a choice of three to assess all of the A level subject content. Represents 25% of total A2 Mark. Examinations in June

EC4: Written Paper 4 - 60 marks (2 hours)
One data response question from a choice of two (40 marks) and one synoptic essay question (20 marks) from a choice of three to assess all of the A level subject content. Represents 25% of total A2 Mark. Examinations in JuneThe full Advanced Level in Economics provides the basis for students who wish to proceed to Higher Education to study Law, Business Management, Marketing, Accountancy, Finance and Banking.

Results
SUMMER 2009
A - C grade : 78%

Highlights: 56% of learners achieved'A' or'B' grades.

Examination Board WJEC