A-Level Economics

Course summary

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