HBS Economics

Course Overview

In this course, our approach to Economics is to apply economic theory to support analysis of current economic problems and issues, encouraging you to appreciate the interrelationships between microeconomics and macroeconomics.

Course Content

The content of the course covers:

The operation of markets and market failure

• Economic methodology and the economic problem.

• Price determination in a competitive market.

• Production, costs and revenue.

• Competitive and concentrated markets.

• The market mechanism, market failure and government intervention in markets.

The national economy in a global context

• The measurement of macroeconomic performance.

• How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts.

• Economic performance.

• Macroeconomic policy.

You will be assessed at the end of the course by three written examinations

Course Entry Requirements

6 or above in GCSE Mathematics

Course Specification

AQA 7136

https://filestore.aqa.org.uk/resources/economics/specifications/AQA-7135-7136-SP-2015.PDF

Homework

At A Level, students are expected to complete a minimum of  5 hours of study a week on top of their allocated lesson time.