EDEXCEL Level 3 Advanced Subsidiary GCE in Economics
Qualification summary
This Edexcel Advanced Subsidiary GCE specification requires students to:
- understand simple micro- and macro-economic market models with a limited number of variables; use the models to explore current economic behaviour; make causal connections and develop an understanding of how the models shed light on the economy as a whole
- be aware of the assumptions of the basic model of supply and demand; explain the way it works in both words and diagrams; use the model to describe, predict and analyse economic behaviour
- develop an understanding of the range of ways in which markets may fail; understand the implications of market failure for individuals, firms and government
- use the basic AS/AD model and data to understand why supply-side and/or demand-side policies may be seen as appropriate ways of managing an economy; predict the possible impact of such policies and to recognise the assumptions involved; argue for different approaches and identify criteria for success
Qualification details
Accreditation start date:
Operational start date in centres:
For information on the approval of qualifications for funding in England, Wales and Northern Ireland, see the links to DCSF, DIUS, DCELLS, DELNI and DENI below.
When undertaking a qualification that does not appear on the governments' lists as eligible for funding for specific age ranges, users must be aware of legal requirements. Not all qualifications are suitable for all age ranges.
For further information on 14-19 qualifications offered in England, please refer to the DCSF
Section 96 website.
For further information on 19+ qualifications offered in England, please refer to the DIUS
Section 97 website.
For further information on Wales, visit the
DCELLS website.
For further information on Northern Ireland, visit the
DELNI and
DENI websites.
It will allow students to progress onto an A2 level in Economics or A2 programme of study combined with other AS or A levels
No specific job occupation
all AS units are assessed through independent assessment
There are 2 mandatory units.
All units are externally assessed by Edexcel through exams.
-
J/500/7048 - Competitive Markets - How they work and why they fail
The relative percentage weighting of this unit within the qualifications is 50.00%.
Assessment Methods (these supersede the ones in the Unit Details):
• Written Examination.
-
L/500/7049 - Managing the Economy
The relative percentage weighting of this unit within the qualifications is 50.00%.
Assessment Methods (these supersede the ones in the Unit Details):
• Written Examination.