This unit develops the knowledge and skills gained in Unit 2 so that they can be applied in a global context. The application, analysis and evaluation of economic models is required as well as an ability to assess policies which might be used to deal with economic problems. An awareness of trends and developments in the global economy over the last 10 years is required. While detailed knowledge of particular countries, other than the UK is not required, the use of case studies might help students to gain a better understanding of key issues, especially those affecting developing countries.
Students will be required to make simple calculations involving percentage changes and index numbers. They will also be required to interpret diagrams and construct simple graphs.
Examination length: 2 hours
One essay question with two parts from a choice of three topic areas. Worth 50 marks.
One data response question out of a choice of two questions. Worth 50 marks.
Total: 100 marks