Economics A' Level (Full AS + A2) Fast Track Course

Course Structure

AS Level

At AS, this specification will enable candidates to develop an understanding of, and an insight into, micro and macroeconomics:

Unit 1: ECON1 Markets and Market Failure

• The Economic Problem
• The Allocation of Resources in Competitive Markets
• Production and Efficiency
• Market Failure
• Government Intervention in the Market

Unit 2: ECON2 The National Economy

• Introduction to Macroeconomics
• How the Macro-economy works
• Economic performance
• Macroeconomic policy

A2 Level

At A2, candidates develop the micro and macroeconomics already learnt at AS, considering economic concepts and theories in greater depth and recognising the values and limitations of economic models.

Both A2 modules explore two contemporary and relevant contexts: the global context, which includes the impact of globalisation on UK economic performance; and the European Union context, embracing the effect of EU membership and economic policy on the UK economy:

Unit 3: ECON3 Business Economics and the Distribution of Income

• The Firm: Objectives, Costs and Revenues
• Competitive Markets
• Marketing Strategies
• Concentrated Markets
• The Labour Market
• Government Intervention in the Market

Unit 4: ECON4 The National and International Economy

• Macroeconomic Indicators
• Managing the national economy
• The international economy

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