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A level Economics Key Facts
- PRICE: £475
- TIME REQUIRED: 700 hours
- EXAMS: Summer Only
- SPECIFICATION: AQA 7136
- Available as an AS level specification AQA 7135
Economics A level – a Brief Introduction
This course has been written to match the AQA Economics specification 7135/7136. The programme has been developed so students learn to apply economic theory to support analysis of current economic issues. Students are encouraged to understand the interrelationships between microeconomics and macroeconomics. The course helps students to develop real life skills which are needed to:
- Understand and analyse data
- Think critically
- Make informed decisions
Students will also develop their quantitative skills and learn to evaluate arguments using both qualitative and quantitative data.
Individuals, Firms, Markets and Market Failure
- Economic methodology and the economic problem
- Individual economic decision making
- Price determination in a competitive market
- 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 (A-level only)
- The measurement of macroeconomic performance
- How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
- Financial markets and monetary policy
- Fiscal policy and supply-side policies
- The international economy
The Economics A level course prepares students for the AQA Economics AS and A level specification 7135/7136.
Economics A level Assessment
- The AS is examined by 2 written examinations of 1 hour 30 minutes each
- The Full A level is examined by 3 written examinations of 2 hours each
Unlike in previous years, the AS examination results can’t contribute to the candidate’s marks for the complete A level. The AS is a complete stand alone qualification in it’s own right.
Prior Study
Students will normally require 4 GCSEs at grade C/4 and above to start an Economics A level. It would be advantageous to the student if this included English and Maths GCSE or IGCSE It is not necessary to have studied Economics GCSE although again this would be advantageous.
Supporting Resources
