Description
This A Level Economics Distance Learning Online Course is ideal for anyone wishing to gain a knowledge and understanding of this subject or for anyone who wishes to study at a higher level at University and gain UCAS points. You will also find this course extremely valuable if you are looking for a progression route for further training whilst employed.
We can offer both AQA or CAIE for the awarding body giving you more options when choosing your exam centre.
AQA Exam Board
Specification codes:
AS Level Economics 7135
A Level Economics 7136
Exams: June
Study Hours: 300 – 360 hours
This A’ Level Economics Course will help you explore the relationship between an individual’s decisions and local economics. Also, it will show how economic policy makers can affect change on the national or global stage and develop an appreciation of fundamental principles of economics. You will also sharpen your analytical thinking and problem solving skills.
This A’ Level Economics course forms part of the linear qualifications. This means that learners will sit exams for their particular qualification at the end of the completed course in the June series.
You will not be able to carry forward your AS qualification to the A’ Level qualification as they are now classed as entirely independent qualifications and you will sit either AS or A’ Level exams.
A Level Economics Modules AQA
AS Modules
The operation of markets and market failure
- Economic methodology and the economic problem
- Price determination in a competitive market
- Production, costs and revenue
- Competitive and concentrated markets
- The market mechanism, market failure and government intervention in markets
The national economy in a global context
- The measurement of macroeconomic performance
- How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
- Macroeconomic policy
A Level Modules
Individuals, firms, markets and market failure
- The economic problem and economic methodology
- Individual economic decision making
- Price determination in a competitive market
- Production, costs and revenue
- Perfect competition, imperfectly competitive markets and monopoly
- The labour market
- The distribution of income and wealth: poverty and inequality
- The market mechanism, market failure and government intervention in markets
The national and international economy
- The measurement of macroeconomic performance
- How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
- Financial markets and monetary policy
- Fiscal policy and supply-side policies
- The international economy
AQA Economics Exams
AS Assessment
Paper 1: The operation of markets and market failure
Written Examination: 1 hour 30 minutes
Availability: June
Assessment Overview: Has two compulsory sections covering content 1-5.
Section A: 20 multiple choice questions.
Section B: data response questions requiring written answers, choice of one from two contexts.
70 marks
50% of AS
Paper 2: The national economy in a global context
Written Examination: 1 hour 30 minutes
Availability: June
Assessment Overview: Two compulsory sections covering content 6-9.
Section A: 20 multiple choice questions worth 20 marks
- Section B: data response questions requiring written answers, choice of one from two contexts worth 50 marks
70 marks
50 % of AS
A Level Assessment
Paper 1: Markets and market failure
Written Examination: 2 hours
Availability: June
Assessment Overview: Comprises of two compulsory sections covering content 1-8. Section A: data response questions requiring written answers, choice of one from two contexts.
Section B: essay questions requiring written answers, choice of one from three.
80 marks
33.3% of A Level
Paper 2: National and international economy
Written Examination: 2 hours
Availability: June
Assessment Overview: Comprises of two compulsory sections covering content 9-14. Section A: data response questions requiring written answers, choice of one from two contexts.
Section B: essay questions requiring written answers, choice of one from three.
80 marks
33.3% of A Level
Paper 3: Economic principles and issues
Written Examination: 2 hours
Availability: June
Assessment Overview: Comprises of two compulsory sections covering content 1-14.
Section A: multiple choice questions.
Section B: case study questions requiring written answers.
80 marks
33.3% of A Level
Cambridge Exam Board
Awarding Body: Cambridge
Course Code: 9708
Study Hours: Recommended 300 – 360 hrs
Exams Available: June & November (also March in India only)
This International A’ Level Economics Course with Cambridge will teach learners how to explain and analyse economic issues and arguments, evaluate economic information, and organise, present and communicate ideas and judgements clearly.
The course covers a range of basic economic ideas, including an introduction to the price system and government intervention, international trade and exchange rates, the measurement of employment and inflation, and the causes and consequences of inflation. Learners also study the price system, the theory of the firm, market failure, macroeconomic theory and policy, and economic growth and development.
A Level Economics Modules CAIE
Candidates for Cambridge International AS Economics study the following topics
- Basic economic ideas and resource allocation
- Scarcity, choice and opportunity costs
- Economic methodology
- Factors of production
- Resource allocation in different economic systems
- Production possibility curves
- Classification of goods and services
- The price system and the micro-economy
- Demand and supply curves
- Price elasticity, income elasticity and cross elasticity of demand
- Price elasticity of supply
- The interaction of demand and supply
- Consumer and producer surplus
- Government microeconomic intervention
- Reasons for government intervention in markets
- Methods and effects of government intervention in markets
- Addressing income and wealth inequality
- The macro-economy
- National income statistics
- Introduction to the circular flow of income
- Aggregate Demand and Aggregate Supply analysis
- Economic growth
- Unemployment
- Price stability
- Government macroeconomic intervention
- Government macroeconomic policy objectives
- Fiscal policy
- Monetary policy
- Supply-side policy
- International economic issues
- The reasons for international trade
- Protectionism
- Current account of the balance of payments
- Exchange rates
- Policies to correct imbalances in the current account of the balance of payments
A Level Candidates also study these additional topics:
- The price system and the microeconomy
- Utility
- Indifference curves and budget lines
- Efficiency and market failure
- Private costs and benefits, externalities and social costs and benefits
- Types of cost, revenue and profit, short-run and long-run production
- Different market structures
- Growth and survival of firms
- Differing objectives and policies of firms
- Government microeconomic intervention
- Government policies to achieve efficient resource allocation and correct market failure
- Equity and redistribution of income and wealth
- Labour market forces and government intervention
- The macroeconomy
- The circular flow of income
- Economic growth and sustainability
- Employment/unemployment
- Money and banking
- Government macroeconomic intervention
- Government macroeconomic policy objectives
- Links between macroeconomic problems and their interrelatedness
- Effectiveness of policy options to meet all macroeconomic objectives
- International economic issues
- Policies to correct disequilibrium in the balance of payments
- Exchange rates
- Economic development
- Characteristics of countries at different levels of development
- Relationship between countries at different levels of development
- Globalisation
CAIE Economics Exams
Paper 1: Multiple Choice
Written Examination: 1 hour
Availability: June and November
Assessment Overview: 30 multiple choice questions based on the AS Level syllabus content.
30 marks
Paper 2: Data Response and Essay
Time: 2 hours
Availability: June and November
Assessment overview:
Section A: one data response question (20 marks)
Section B: one essay from a choice of two focusing mainly on microeconomics; there are two parts to each essay question (20 marks)
Section C: one essay from a choice of two focusing mainly on macroeconomics; there are two parts to each essay question (20 marks)
Questions are based on the AS Level subject content.
60 marks
Paper 3: Multiple Choice
Written examination: 1 hour 15 minutes
Availability: June and November
Assessment overview. 30 multiple choice questions based on the A Level syllabus content; knowledge of material from the AS Level subject content is assumed.
30 marks
Paper 4: Data Response and Essays
Practical examination: 2 hours
Availability: June and November
Assessment overview:
Section A: one data response question (20 marks)
Section B: one essay from a choice of two focusing mainly on microeconomics; the essay questions are unstructured with no parts (20 marks)
Section C: one essay from a choice of two focusing mainly on macroeconomics; the essay questions are unstructured with no parts (20 marks)
Questions are based on the A Level subject content; knowledge of material from the AS Level subject content is assumed.
60 marks