Course Description

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, AD/AS analysis, and related concepts
11. Economic performance
12. Financial markets and monetary policy
13. Fiscal policy and supply-side policies
14. The international economy

Contact:	Mrs Z Sharper	Exam Board:	AQA
QAN:	6014371X	Subject Code:	Ec

The Course at A Level

The specification is split into two main sections, the first section introduces students to microeconomic issues and the second section covers mainly macroeconomic issues. Students will be expected to acquire competence in quantitative skills that are relevant to the subject content and be familiar with the various types of statistical and other data which are commonly used by economists. numbers.

They should be able to make relevant calculations from economic data and be able to interpret data presented in the form of index

Entry Requirements 

Candidates should have an interest in current economic affairs. It is also required that students have a grade 5 in Maths GCSE and a grade 5 in English GCSE.

Possible Subject Combinations 

Accounting, Geography, History, Mathematics, Languages and Politics.

Students not studying Maths A Level, may wish to choose Core Maths as an AS to support this subject.

What do the students say?

It helps gain further insight into current events and also compliments other subjects such as history and politics well

Where can Economics take me?

Entry to traineeship in Accountancy, Banking or Retailing. Progression to Economics, Business, Management or Politics Degrees.

Which one should I take: Business or Economics 

From our experience, practical / hands on students are probably more suited for Business, whereas pure academics prefer the theoretical aspects of Economics. It is recommended that you discuss your choice beforehand with a member of the Business Department teaching team. Students are able to take both these subjects but should research their favoured universities beforehand as some (mainly the top ones) do not recognise them as two separate subjects

Assessment

A Level	Assessment	% A Level