You will learn microeconomic and macroeconomic concepts, use theories and models to show an understanding of the behaviour of economic agents, and analyse and evaluate how these agents are affected by and respond to economic issues.
Name: Economics A Level Qualification title: GCE A Level Qualification type: GCE A/AS Level or equivalent Assessment A Level content: For the A Level, students will study all of the topics shown for the AS, plus the following: Individuals, firms, markets and market failure: Individual economic decision making Perfect competition, imperfectly competitive markets and monopoly The labour market The distribution of income and wealth: poverty and inequality. The national and international economy: Financial markets and monetary policy Fiscal policy and supply-side policies The international economy A Level assessment: The A Level has three, two hour written exams. Paper 1: Markets and market failure: students answer two questions, Section A – students choose one context from a choice of two; Section B – students choose one context from a choice of three. Paper 2: National and international economy: students answer questions, Section A – students choose one context from a choice of two; Section B - students choose one context from a choice of three. Paper 3: Economic principles and issues: Section A- multiple choice; Section B – extended writing questions. Both specifications will assess students’ quantitative skills applied in the context of economics. This will include an understanding and application of ratios, fractions, percentages, revenue and profit and other factors, tested across the assessment objectives. At A Level this forms a minimum 20% of the assessment, and a minimum of 15% at AS. AS Level content For the AS Level exams, you will study the following topics: 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: The measurement of macroeconomic performance How the macro economy works: the circular flow of income, AD/AS analysis, and related concepts Economic performance Macroeconomic policy. AS Level assessment The AS has two one-and-a-half hour written exams, taken at the end of the course: Paper 1: Operation of markets and market failure: Section A - multiple choice questions; Section B - students choose one context from a choice of two and answer short answer questions and extended writing questions. Paper 2: The National Economy: Section A – multiple choice questions; Section B – students choose one context from a choice of two and answer short answer questions and extended writing questions. Awarding AQA Created 20160201 13:59:29 Updated 20161206 11:50:31
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