A Level Economics

Overview of the course:

Awarding Body - AQA

Students will apply economic theory to support analysis of current economic problems and issues and appreciate the interrelationships between microeconomics and macroeconomics. The content is engaging and students will relate to what they are learning to the world around them - locally, nationally and globally. Students will sit the AS exams at the end of year one and the A level exams at the end of year two.

Topics:

AS Level

• Economic methodology and the economic problems
• Price determination in a competitive market
• Production, costs and revenue
• The market mechanism, market failure and government intervention in markets
• The measurement of macro economic performance
• Economic performance
• Competitive and concentrated markets
• How the macro economy works
• Macro economic policy

A-Level

All of the above, plus

• Perfect competition, imperfectly competitive markets and monopoly
• The labour market
• The distribution of income and wealth: poverty and inequality
• How the macro economy works: the circular flow of income, AD/AS analysis and related concepts
• Financial markets and monetary policy
• Fiscal policy and supply side policies
• The international economy