What You Will Study
Examples of topics you may study include:
Individuals, Firms, Markets and Market Failure:
- Individual Economic Decision-making
- Production, Costs and Revenue
- Perfect Competition, Imperfectly Competitive Markets and Monopoly
- The Labour Market
- The Distribution of Income and Wealth
- Poverty and Inequality
- The Market Mechanism, Market Failure and Government Intervention in Markets
The National and International Economy:
- The Measurement of Macroeconomic Performance
- How the Macroeconomy Works
- The Circular Flow of Income
- AD/AS Analysis and Related ConceptsEconomic Performance
- Financial Markets and Monetary Policy
- Fiscal Policy and Supply-side Policies; and the International Economy
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How You Will Be Assessed
This course is examined by written external exams, set and marked by the exam board.
To pass the full A Level you will sit three two hour exams at the end of the 2nd year
Paper 1: assessment on markets and market failure. You answer two long questions; one from each section. In section A, you can choose one context from a choice of two, and in section B one context from a choice of three.
Paper 2: assessment on national and international economy – again, you answer two long questions; one from each section. In sections A, you can choose one context from a choice of two, and in section B one context from a choice of three.
Paper 3: assessment of economic principles and issues. Section A is multiple choice and section B has extended writing questions.
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Entry Requirements
5 GCSEs at Grade 9-4, including English Language.
PLUS
Grade 6 in Maths.
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Further Study
The majority of students progress to Degree level of study at university. This may be a degree in Economics itself or a related discipline.
