Economics A Level

Course summary

The A Level Economics course will cover: The Operation of Markets and Market Failure:​​ 1. Economic methodology and the economic problem​​ 2. Price determination in a competitive market​​ 3. Production, costs and revenue​​ 4. Competitive and concentrated markets​​ 5. The market mechanism, market failure and government intervention in markets​​ 6. Wages theory​​ 7. Poverty and the distribution of income​​ ​​ The National Economy in a Global Context:​​ 8. The measurement of macroeconomic performance​​ 9. How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts​​ 10. Economic performance including inflation, unemployment, economic growth and trade​​ 11. Macroeconomic policy—fiscal, monetary and supply side policies​​ This course is ideally suited to students who are critical thinkers and who have ​​active and enquiring minds; they enjoy interpreting ​​data, solving problems and discussing issues.​​ If you are interested in gaining a conceptual understanding of how an economy works in a theoretical sense and then discussing and applying this in the context of current economic and political events, then economics is for you.​ ​ Students who take Economics often also study Business, Mathematics, Geography, History, or Languages. Economics is a versatile subject that can help you in a number of careers. Not only could you find yourself working for big corporations, banks or the government but your qualification in economics could also be valuable support in a career like marketing, law, journalism or teaching.​