Business Economics- AS Level

Head of Department
Ms B C White
Teachers

Mrs E Martino

Mr M Jennings

Ms F Mouti

Ms D Kusi

Course

  • AS Level Economics

Qualification Name

  • GCS Economics

Examination Board

  • Eduqas (part of WJEC)

Course Structure

Component 1: Introduction to Economics Principles (microeconomics)

  1. Scarcity and choice 
  2. Demand and supply in product markets 
  3. Demand and supply in labour markets 
  4. Resource allocation 
  5. Market failure 

Component 2: Exploring Economic Issues (macroeconomics) 

  1.  Macroeconomic theory 
  2. Macroeconomic objectives 
  3. Policy instruments 
  4. International trade

Assessment

Paper 1 

  • 40% of AS marks
  • 1 hour examination 
  • 60 marks

Questions

Compulsory short answers and structured questions covering all AS content (microeconomics and macroeconomics).

 

Paper 2

  • 60% of AS marks
  • 2 hour examination
  • 80 marks

Questions

Compulsory data response questions covering all AS content (microeconomics and macroeconomics).

 

Both papers will also assess quantitative skills that are relevant to the subject content, including being able to: 

  • calculate, use and understand ratios and fractions 
  • calculate, use and understand percentages and percentage changes 
  • understand and use the terms mean, median and relevant quantiles 
  • construct and interpret a range of standard graphical forms 
  • calculate and interpret index numbers  make calculations of elasticity and interpret the result 
  • interpret, apply and analyse information in written, graphical and numerical forms.

Deadlines for coursework

N/A

Examination Dates

AS Economic Paper 1 and 2 - Summer 2016

Suggested reading

A Level Economics Student Book (Fifth Edition) 

Author: Alan Anderton 

Publisher: Pearson Education 

ISBN-13: 978-1405892353 

Microeconomics 

Authors: Andrew Threadgould and Amy Meachen 

Publisher: Anforme 

ISBN-13: 978-1-78014-009-4 

Economics Eduqas digital download 

Author: Simon Harrison 

Publisher: Eduqas

Additional Reading

Accessible books

  • Thaler R & Sunstein C, Nudge: Improving Decisions About Health, Wealth and Happiness, ISBN-13: 978-0141040011, Penguin, 2009 
  • Ariely D, Predictably Irrational: The Hidden Forces That Shape Our Decisions, ASIN: B004SSZRAS, Harper Perennial, 2010 
  • Kahneman, D, Thinking Fast and Slow, ISBN-13: 978-0141033570, Penguin, 2012 (Note: This is a less accessible book but many teachers and some students will find it interesting.)

Pamphlets (The New Economics Foundation)

Behavioural economics sections in advanced texts 

  • Sloman, Wride & Garrett, Economics (8th Ed) Pages 124 – 128 
  • Perloff, Microeconomics (6th Ed) Pages 124 – 127 
  • Pindyck & Rubinfeld, Microeconomics (8th Ed) Pages 189 – 197