Award Crest
York College

Entry requirements

A minimum of four grade 5s at GCSE including either English Language, English Literature, History or Religious Studies. You should also have a grade 5 in Maths.


Two years.

What will I study?

The course is split into two distinct areas:

Individuals, firms, markets and market failure

The economic problem and economic methodology

Individual economic decision making

Price determination in a competitive market

Production, costs and revenue

Perfect competition, imperfectly competitive markets and monopoly

The labour market

The distribution of income and wealth: poverty and inequality

The market mechanism, market failure and government intervention in markets


The national and international economy

The measurement of macroeconomic performance

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

Economic performance

Financial markets and monetary policy

Fiscal policy and supply-side policies

The international economy

Good course combinations

Economics combines well with Maths, Business Studies and the Social Sciences.

How will I be assessed?

Paper 1: Markets & Market Failure
2 hour exam, one data response question and one essay.

Paper 2: National & International Economy
2 hour exam, one data response question and one essay.

Paper 3: Economic Principles and Issues
2 hour exam, 30 multiple choice questions and one case study question.

What could it lead to?

The course will prepare you for higher education economics courses or can form a component of a joint degree with a wide range of other subjects. Possible careers could include working in financial markets, business management and corporate law.

Need some help?

If you have any further questions about this course, or would like us to help you with your application, please contact the Schools Liaison team on 01904 770239 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Whilst every effort has been made to ensure the accuracy of the information contained in this webpage, the content is subject to change where necessary.


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