ICS Options Booklet

62

International A Level Economics

You will look at large economies and determine the factors that result in success or failure, and learn about the role of government intervention. In the study of macroeconomics, you will learn how countries manage their economies and how they impact the global economy.

Examinations Board

Pearson Edexcel

Syllabus Code

YEC11

Course Expectations Achieve a minimum of 5 grade 6 (I)GCSEs including a minimum of a grade 6 in Maths and a grade 6 in English First Language. Ideally have studied a Social Science at IGCSE level. Make a commitment of at least 5 hours of private and independent study per week.

Skills, Knowledge and Understanding

You will be required to show an understanding of economic concepts and principles; economic theory and modelling approaches and their competent use plus economic data and the appropriate methods of analysis to interpret that data. How to apply economic reasoning to policy issues in a critical manner; how many economic problems may have more than one approach and may have more than one solution. You will also be expected to design, conduct and interpret research and statistical analysis, apply an evidence-based approach to problems and communicate findings using models, charts and graphs.

Have an interest in how the markets, governments and economies function.

What will I learn? Economics does not revolve solely around wealth creation or the financial markets and business performance. It has a huge impact on our everyday lives, through interest rate fluctuations, taxation levels, unemployment, migration and even entertainment.

Examination Structure The course is modular: units 1 and 2 are assessed in an AS level examination at the end of the first year of the study, and units 3 and 4 are assessed in an A2 level examination at the end of the second year of study.

Component

Assessment Method

Weight

Exam Duration

Paper 1: Markets in action

25%

1 hour 45 minutes

Written examination

Paper 2: Macroeconomic performance and policy

25%

1 hour 45 minutes

Written examination

Paper 3: Business behaviour

25%

Written examination

2 hours

Paper 4: Developments in the global economy

25%

Written examination

2 hours

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