From September, A level Economics students will be required to learn about the global financial crisis for the first time.
They will learn about:
- factors that contributed to the crisis (including moral hazard, speculation and market bubbles)
- the role of banking regulation
- monetary and fiscal policy instruments, including quantitative easing
- policy responses to the crisis, comparing and contrasting these with policy responses to the Great Depression of 1929.
Students of Pearson's Edexcel syllabus will also study the use of 'national wellbeing' and 'national happiness' as measures of economic growth for the first time. They will compare and contrast these measures of economic performance with more traditional methods, exploring the limitations of both in comparing living standards between countries and over time.read more