Economics

AQA

A Level Economics is a valuable subject for students preparing for a range of higher education courses and future careers, as you will develop skills in research, analysis and evaluation, communication and working with others to discuss economic issues and solve economic problems. Ideal when working for large corporations, banks or the government, as well as careers in marketing, law, journalism or teaching.

During this course, students will:

  • Develop an interest and enthusiasm for economics and its contribution to the wider economic and social environment;
  • Develop an understanding of a range of concepts and acquire an ability to use these concepts in a variety of different contexts;
  • Develop an enquiring, critical and thoughtful 'economist's mind';
  • Practise skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life;
  • Develop an understanding of current economic issues, problems and institutions that affect everyday life;
  • Apply economic concepts and theories in a range of contexts and appreciate their value and limitations in explaining real world phenomena;
  • Analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it.

The three units enable an understanding of, and an insight into, micro and macroeconomics, and are assessed through written examinations:

Markets and market failure

Economic methodology; individual economic decision making; price determination in a competitive market; production, costs and revenue; perfect competition, imperfect competition and monopoly; the labour market; distribution of income and wealth; government intervention in markets.

The national and international economy

Measuring macroeconomic performance; economic growth and the economic cycle; financial markets and monetary policy; fiscal policy and supply-side policies; the international economy.

Economic principles and issues

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