Course description
Edexcel Qualification Code: 9ECO
Theme 1: Markets and Market Failure
- The Economic Problem
- The Allocation of Resources in Competitive Markets
- Production and Efficiency
- Market Failure
- Government Intervention in the Market
Theme 2: The UK Economy – Performance and Policies
- Measuring Macroeconomic Performance
- Aggregate demand
- Aggregate supply
- National income
- Economic growth
- Macroeconomic objectives and policy
Theme 3: Business Behaviour and the labour market
- The Firm: Objectives, Costs and Revenues
- Competitive Markets
- Marketing Strategies
- Concentrated Markets
- The Labour Market
- Government Intervention in the Market
Theme 4: A Global Perspective
- International economics
- Poverty and inequality
- Emerging and developing economies
- The financial sector
- Role of the state in the macroeconomy
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