The purpose of this qualification is to define and assess the knowledge, skills and understanding needed by students who plan to progress to undergraduate study at a UK higher education institution, particularly in the same subject area. This includes economics degrees with a theoretical focus, as well as applied economics degrees such as environmental economics, labour economics, public sector economics and monetary economics.
The Pearson Edexcel level 3 advanced GCE in economics is structured into four themes and consists of three externally examined papers. Students build knowledge and understanding of core economic models and concepts in themes 1 and 2, and then build on this and apply their knowledge to more complex concepts and models in themes 3 and 4. Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the assessments and demonstrate an awareness of current economic events and policies.