A Level Economics
About the course
Economics has become high profile. Oil prices, the credit crunch, bankers’ bonuses and fears of a Euro meltdown are just some of the topics rarely out of the news in recent years, throwing a light on the importance of, and divisions within, the discipline.
The course combines theory with its practical application to current issues. For example, should the railways be Government run, should the rich pay much higher taxes, is the UK better off leaving the European Union?
Students should have a keen interest in current affairs and reasonable numerical skills.
AS Subject Content
The basic economic problem e.g. infinite wants and scarce resources
Economics as a science
How prices are determined
Production, costs and revenue
Competitive and concentrated markets such as monopolies
Market failures where the price mechanism fails to allocate resources effectively
Measuring the performance of the UK economy
How the economy works: AD/AS analysis
Policies to manage the economy
AS Level have 2 examinations, each of 1 hour 30 minutes duration.
Each exam carries 50% of the marks for the AS grade and comprises multiple choice, short answer and extended writing questions.
A level Subject content
All of the AS content plus:
Consumers and firms objectives in the economy
Competition between firms – perfect, monopoly, oligopoly
The labour market and how wages are determined
Poverty and inequality
Financial markets and monetary policy
Fiscal and Supply-side policies
The international economy
A Level has 3 examinations, each of which is 2 hours in duration.
Each paper is worth 33% of the A Level and comprises context, extended writing and some multiple choice questions. There is no coursework.
AQA A-level Economics: Student Book 1
Authors: Steve Stoddard, Andrew Gillespie, David Horner and John Turner
and AQA A Level Economics for year 1 and AS
Ray Powell and James Powell
Publisher: Hodder Education
5 GCSE grade A*-C, including English Language and Maths grade 4 or above.
Further information can be obtained from the
Examination board website at