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A Level Economics Fast Track

$632

  • 700h - Flexible
  • 2 students have purchased
  • Express
Centre
UK Open College
Town
Birmingham
Address
Unit E9, Castle Vale Enterprise Park B35 6LJ See in Google maps
Contact
bill@ukopencollege.co.uk
http://www.ukopencollege.co.uk
Map
Description
UK online provider of distance learning and home study courses. Over 200 accredited courses in a variety of subjects including. A Levels, childcare, bookkeeping, Sage accounting and nutrition. Enrol online anytime of the year, totally flexible, materials and support provided.

Benefits

  • Affordable
  • Make your own study schedule and take advantage of online tutoring hours
  • Obtain a certified diploma once you finish the course.

Details

Home based distance learning. This A Level can be completed from home with full support for a maximum of one year.

Unit 1: ECON1 – Markets and Market Failure

The Economic Problem
• Nature and Purpose of Economic Activity 
• Economic Resources
• The Economic Objectives of Individuals, Firms and Government
• Scarcity, choice and the allocation of resources
• Production Possibility Diagrams
• Value Judgements, Positive and Normative statements

The Allocation of Resources in Competitive Markets
• The Determinants of the Demand for Goods and Services
• Price, Income and Cross Elasticity’s of Demand
• The Determinants of the Supply of Goods and Services
• Price Elasticity of Supply
• The Determination of Equilibrium Market Prices
• Demand and Supply Analysis to Particular Markets
• The Interrelationship Between Markets
• How Markets and Prices Allocate Resources

Production and Efficiency
• Specialisation, Division of Labour and Exchange
• Production
• Economies and Diseconomies of Scale

Market Failure
• The Meaning of Market Failure
• Public Goods
• Externalities in Consumption and Production
• Merit and Demerit Goods
• Monopoly and the Allocation of Resources
• Immobility of Factors of Production
• Inequalities in the Distribution of Income and Wealth

Government Intervention in the Market
• Rationale for Government Intervention
• Methods of Government Intervention to Correct Distortions
• The Impact of Government Intervention on Market Outcomes
• Government Failure

Unit 2: ECON2 – The National Economy

Introduction to Macroeconomics
• The Measurement of macroeconomic performance
• Macroeconomic Indicators
• The Economic Cycle

How the Macro-economy works: AD/AS analysis, the circular flow of income and related concepts
• Circular flow of income
• Aggregate Demand (AD) and Aggregate Supply (AS) Analysis
• The Determinants of Aggregate Demand
• Aggregate Demand and the Level of Economic Activity
• Determinants of Short-Run Aggregate Supply
• Determinants of Long-Run Aggregate Supply

Economic Performance
• The Objectives of Government Economic Policy
• Economic Growth
• Inflation and Deflation
• Employment and Unemployment
• The Balance of Payments on Current Account

Macroeconomic Policy
• Fiscal Policy
• Monetary Policy
• Supply-Side Policies

Unit 3: ECON3 – Business Economics and the Distribution of Income

The Firm: Objectives, Costs and Revenues
• The objectives if firms
• The Divorce of ownership from control
• The Law of diminishing returns and returns to scale
• Fixed and Variable Costs,Marginal, Average and Total Costs
• Economies and Diseconomies of Scale
• Technological Change
• Total, Average and Marginal Revenue

Competitive Markets
• The Model of Perfect Competition
• Competition and the Efficient Allocation of Resources
• The Dynamics of Competition and Competitive Market Processes

Concentrated Markets
• Monopoly and Oligopoly
• Price Makers and Price Takers
• The Growth of Firms
• Sources of Monopoly Power
• The Model of Monopoly
• Collusive and Non-Collusive Oligopoly
• Interdependence in Oligopolistic Markets
• Price Discrimination
• Consumer and Producer Surplus
• Contestable and Non-contestable Markets
• Market Structure, Static Efficiency and Dynamic Efficiency

The Labour Market
• The Demand for Labour, Marginal Productivity Theory
• Influences upon the Supply of Labour to Different Markets
• Competitive Labour Markets
• Imperfectly Competitive Labour Markets
• The Impact of a National Minimum Wage Rate
• Discrimination in the Labour Market

Government Intervention in the Market
• Market failure and Government failure
• Competition Policy
• Notions of Equity
• The Problem of Poverty
• Cost Benefit Analysis

Unit 4: ECON4 – The National and International Economy

Macroeconomic Indicators
• The Economic Cycle and Economic Growth
• Uses of National Income Data
• Unemployment
• Inflation and Deflation

Managing the National Economy
• Macroeconomic Models and Policies
• Fiscal Policy
• Supply-Side Policies
• Monetary Policy, the
• Money Supply and Interest Rates
• Exchange Rate Policy

The International Economy
• Globalisation
• Trade
• The balance of payments
• Exchange rate systems
• The European Union

Summary of Assessments
Unit 1: ECON1 – Markets and Market Failure
• 50% of AS Level
• 25% of A Level
• 1 hour 15 minutes examination
• 75 marks
Section A: 25 compulsory objective test items, 25 marks
Section B: Two optional data response questions are set; candidates answer one, 50 marks

Unit 2: ECON2 – The National Economy
• 50% of As Level
• 30% of A Level
• 1 hour 15 minutes examination
• 75 marks
Section A: 25 compulsory objective test items, 25 marks
Section B: Two optional data response questions are set; candidates answer one, 50 marks

Unit 3: ECON3 – Business Economics and the Distribution of Income
• 25% of A Level
• 2 hour examination
• 80 marks
Section A: Two optional data response questions are set; candidates answer one, 40 marks, one question will always relate to the global context and the other to the European Union context.
Section B: Three optional essay questions are set; candidates answer one, 40 marks

Unit 4: ECON4 – The National and International Economy
• 25 % of A Level
• 2 hour examination
• 80 marks
Section A: Two optional data response questions are set; candidates answer one, 40 marks, one question will always relate to the global context and the other to the European Union context.
Section B: Three optional essay questions are set; candidates answer one, 40 marks

Assignment Information
Throughout the course there will be self-assessment questions, and tutor marked questions, to enable students to monitor their progress.

Conditions

Thanks to this offer, valid exclusively for one person, you will obtain an A Level Economics Fast Track Online Course.

How to register

By buying the course in Emagister Express, you will obtain an access coupon. We will send you the codes and keys to the coupon. Send the coupon code and the key to Info@ukopencollege.co.uk. The training provider will then give you access to the course.

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