Economics A Level (See Option Blocks on our website)

Social Sciences

Social Sciences
Social Sciences
We are only accepting one application per candidate.

What will you be working towards?

Code ND27
Qualification Type GCE A/AS Level or Equivalent
Qualification Level Level 3
Course type Full Time


Economics is concerned with allocating scarce resources in the most efficient way. Think of your choices about how you spend your money or the choice you make to spend your time doing homework rather than getting a part time job! By learning about economic principles and concepts you will be able to analyse and explain why businesses and individuals react in certain ways when faced with various situations.


Section 1Individuals, firms, markets and market failure


This is a micro-economics unit that ensures pupils gain an appreciation of the allocation of resources, the market model and selected aspects of what makes markets efficient or sees them fail.


  • 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


Section 2 � The National and International Economy


This unit sees pupils introduced to how levels of macro-economic activity are determined and also investigates key national and international economic indicators, policies and problems.


  • 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

How will it be delivered?

A LEVEL � Available in Year 13




A-level weighting




33.3 %

Markets and Market Failure (Section 1)

2 hours


33.3 %

The National and International Economy (Section 2)

2 hours


33.3 %

Economic principles and issues (Sections 1& 2)

2 hours


Entry requirements

What do I need?


  • A general interest in current business, financial and political affairs.
  • An interest in different countries� economic systems � How do

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