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Although the two subjects of Business Studies and Economics are related, and there is some overlap of content, they are quite distinct subject areas. Economics is the study of the way we behave. It addresses the issues of Congestion Charging, the Euro debate, who should pay for environmental damage and many other contemporary issues.
At a ‘micro’ level, Economics analyses how wages are set in an economy, how prices are set in various markets. We need to understand the pattern of consumption if we are to maximise tax revenue and many more interesting topics.
The course is divided into six modules – the first three constitute the AS-level, with completion of the three A2 modules for the A-level.
| Unit | Level | Name |
|---|---|---|
| 1 | A1 |
Competitive Markets |
| 2 | A1 |
Managing the Economy |
| 3 | A1 |
Business Economics |
| 4 | A2 | The Global Economy |
AS-level and A-level
As this is a complex subject, you need to be both numerate and literate. B grades in Higher Mathematics and English are the minimum standard to see you through this course. In addition, if you have studied Business Studies at GCSE, you should have attained at least a B grade.
NB: Economics cannot be taken along-side Business Studies at AS and A-level.