Economics
What will I learn?
Immerse yourself in the world of microeconomics with our engaging course focused on market equilibrium! Explore how supply and demand interact to determine prices and quantities in various markets. Delve into different market structures—ranging from perfect competition to oligopoly and monopoly—and understand their impact on pricing, consumer behavior, and overall economic efficiency. Through interactive discussions, real-life case studies, and hands-on applications, you'll gain essential analytical skills that will empower you to make informed decisions in any economic context. Join us and unlock the key to understanding how markets operate in our dynamic world!
Students who study Economics discover the reasons behind the news headlines and are able to explain the changes that are taking place in our economy and society. Students find they are more able to participate in political debate as a result of understanding economic ideas.
The workbook is highly recommended to support the learning for this course.
Dan Rennie - Understanding Microeconomics Level 3 Workbook - ISBN 9780170438117
ESA Marginal Analysis of Market Structure Efficiency- 3.2 Level 3 Learning Workbook - ISBN 9781988586960
How will this course be assessed?
Learning in Economics will be assessed through both internal and external achievement standards. The focus is on learning the skills that are needed to explain how our economy works and how government policies affect our economy and society.
Will there be any FAO? (Further Assessment Opportunities)
Further Assessment Opportunities (FAO)?
There are no FAO in Level 3 Economics.
Resubmission
Resubmission will only be allowed where a student has gained a "Non-Achieved" grade. This opportunity would enable a student to gain an Achieved grade only.