Norbury Manor Girls' High School
Economics
Economics
Awarding body and
Syllabus number
AQA
2140
Content
The syllabus is broken down into 3 parts which fit into the modular structure.
At AS level you will look at Supply and Demand which is part of the microeconomic field of study looking at the behaviour of individuals in their daily pursuit of goods and services. Topics such as Elasticity of Demand, the effects of different types of taxation and why diamonds are priced much more highly than water but are far less useful are studied in this area.
The second part of microeconomics is the study of the firm and how and why some firms are successful and others are not. You will become aware of the important part that profits and prices pay in allocating goods and services in society. This part of the syllabus is dealt with in Year 2.
Macroeconomics is the study of how the economy of a country and, indeed the world, functions and looks at topical areas of discussion like unemployment, taxation and government spending. On an international level it looks at the importance of trade between countries and the role of foreign exchange markets. It seeks to answer the elusive question of why a ‘big mac’ costs less in Lahore than it does in London.
Assessment
There are four modules within the course all of which are examined externally in traditional written exams.
AS Unit 1: Microeconomics – Supply and Demand
Unit 2: Macroeconomics – The National Economy
A2 Unit 3: Microeconomics – The Theory of the Firm
Unit 4: Macroeconomics – The National & International Economy
Special Requirements
As well as having a good level of both Literacy and Numeracy (you will be expected to have a minimum of a C grade in both Maths and English) you will also be expected to take an interest in current affairs and know what is happening in the world around you.
