Micro: 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. Macro: 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.
Name: GCE AS Level in Economics Qualification title: GCE AS Level in Economics Qualification type: GCE A/AS Level or equivalent Assessment Awarding AQA Created 20151019 06:45:10 Updated 20161017 12:29:36
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Burnham Grammar School
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