Economics

Assessment

Paper 1 Individuals, Firms, Markets and Market Failure 33.3% of A Level – includes the study of: • How prices are set for individual goods and services • How governments step in when the market fails to set an appropriate price for particular goods and services • Production levels, costs, revenues and profit for companies. Paper 2 The National and International Economy 33.3% of A Level – includes the study of: • Unemployment and Inflation • Economic growth and development • Globalisation and trade • Financial markets. Paper 3 Economic Principles and Issues 33.3% of A Level – synoptic assessment of all of the content.