Economics (A Level only)

6AQA A Level Economics 7136

Are you interested in increasing your understanding of national and global events such as Brexit and the election of Donald Trump?

Do you wish to learn more about how scarce resources are allocated by governments and organisations?

Do you aspire to study at a Russell Group University?

Then A-level Economics will help you:

  • develop an interest and enthusiasm for economics and its contribution to the wider political and social environment
  • develop an enquiring, critical and thoughtful ‘economist’s mind’
  • develop an understanding of current economic issues, problems and institutions that affect everyday life
  • analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it.

Subject content

Individuals, firms, markets and market failure

The national and International economy

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 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

This course has no coursework or controlled assessment units. It is not necessary for students to have studied GCSE Economics before starting work on this specification and no prior knowledge of economics is necessary. The minimum requirement is 5 good GCSE passes including Mathematics and English.