A Level Economics

A Level Economics Course Overview

Gain a vision of the wider economic picture - be it in the UK’s political domain or internationally.  You’ll cover topics such as understanding markets and how the economy is managed, as well as industrial economics and their effects on labour markets.

Pre-requisites

None

Qualification

‘A’ Level in Economics

Specification

AQA A-Level Economics (2140)

Support and benefits

• Flexible terms times
• Stepped learning approach
• Access to a dedicated tutor and student advisors to guide you through your studies
• Access to the ICS online Student Community, allowing you to interact with other students and browse our resource library
  

A Level Economics Key Topics

Unit 1 - Economics: Markets and Market Failure

• The Economic Problem
• The Allocation of Resources in Competitive Markets
• Production and Efficiency
• Market Failure
• Government Intervention in the Market

Unit 2 - Economics: The National Economy

• The Measurement of Macroeconomic Performance
• How the Macroeconomy Works: AD/AS Analysis, the Circular Flow of Income, and Related Concepts
• Economic Performance
• Macroeconomic Policy

Unit 3 - Economics: Business Economics and the Distribution of Income

• The Firm: Objectives, Costs and Revenues
• Competitive Markets
• Concentrated Markets
• The Labour Market
• Government Intervention in the Market

Unit 4 - Economics: The National and International Economy

• Macroeconomic Indicators
• Managing the National Economy
• The International Economy

A Level Biology Course Code

H05

Technical Requirements

None

ICS Support Period

18 months

AS Examinations

Unit 1 – ECON1 Economics: Markets and Market Failure

• 50% of AS, 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)
• Available January and June

Unit 2 – ECON2 Economics: The National Economy

• 50% of AS, 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)
• Available January and June

A2 Examinations

Unit 3 – ECON3 Economics: 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)
• Available January and June

Unit 4 – ECON4 Economics: 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)
• Available January and June