York College

Industry Insights

Actuaries, economists and statisticians

Up to £28,000

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Social and humanities scientists

Up to £24,000

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Managers and directors in transport and distribution

Up to £57,000

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Entry requirements

Please see our Entry Requirements page for general entry requirements guidance.

Duration

Two years.

What will I study?

Year One subject content

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

Year Two subject content

Individuals, firms, markets and market failure

  • Economic methodology and the economic problem
  • 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

How will I be assessed?


Year One

Two written exam papers of 1 hour 30 minutes duration each, involving multi-choice questions and written response, including essay questions.

Year Two

Three papers of 2 hours each, involving multi-choice, data response and essay questions.

Good course combinations

Economics combines well with A Level Business, the Level 3 Certificate/Diploma in Financial Studies, Maths and any of the Social Sciences.

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 or lead to higher apprenticeships. 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.

1366-1422-293

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