AS/A2 Economics

Course Details

Individuals, firms, markets and market failure.

1. The economic problem and economic methodology?
2. Individual economic decision making.
3. Price determination in a competitive market.
4. Production, costs and revenue.
5. Perfect competition, imperfectly competitive markets and monopoly.
6. The labour market.
7. The distribution of income and wealth: poverty and inequality.
8. The market mechanism, market failure and government intervention in markets.

The national and international economy

9. The measurement of macroeconomic performance.
10. How the macroeconomy works: the circular flow of income, aggregate demand/ aggregate supply analysis and related concepts .
11. Economic performance.
12. Financial markets and monetary policy.
13. Fiscal policy and supply-side polices
14. The International economy.

ASSESSMENT

Paper 1:
Markets and market failure
Course content 1 – 8 assessed.
Written Exam – 2 hours
80 marks in total
Weighting – 33.3% of A Level
Questions:

Section A: Data response questions requiring written answers, choice of one from two contexts worth 40 marks.
Section B: Essay questions requiring written answers, choice of one from three worth 40 marks.

ASSESSMENT
Paper 2:
National and International economy
Course content 9 – 14 assessed.
Written Exam – 2 hours
80 marks in total
Weighting – 33.3% of A Level
Questions:

Section A: Data response questions requiring written answers, choice of one from two contexts worth 40 marks.
Section B: Essay questions requiring written answers, choice of one from three worth 40 marks.

ASSESSMENT
Paper 3:
Economic principles and issues
Course content 1 – 14 assessed.
Written Exam – 2 hours
80 marks in total
Weighting – 33.3% of A Level
Questions:

Section A:
Multiple choice questions worth 30 marks.
Section B: Case study questions requiring written answers, worth 50 marks.

What could I go on to do after the course?

You could take a degree course in Economics itself or a related area such as Management, Business, Finance, Accountancy and Marketing.

This A level can help you onto other courses too such as Law or Business with a Modern Foreign Language.

Your options are wide open with regard to a career. Options include Retail Management, Marketing, Sales, Personnel Management, Banking and Finance, Accountancy etc.