Edexcel A Level Economics
AS – 1-year course
Economics AS is structured into two themes and consists of two externally examined papers.
Students develop knowledge and understanding of core economic models and concepts in the two themes. Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the assessment and demonstrate an awareness of current economic events and policies.
| Theme 1: Introduction to markets and market failure | Theme 2: The UK economy – performance and policies |
| Microeconomics Students will develop an understanding of: – Nature of economics – How markets work – Market failure – Government intervention. | Macroeconomics Students will develop an understanding of: – Measures of economic performance- Aggregate demand- Aggregate supply- National income- Economic growth- Macroeconomic objectives and policy. |
A-Level – 2-year course
Economics A Level is structured into four themes and consists of three externally examined papers.
Students build knowledge and understanding of core economic models and concepts in Themes 1 and 2, and then build on this and apply their knowledge to more complex concepts and models in Themes 3 and 4.
Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the assessments and demonstrate an awareness of current economic events and policies.
| Theme 1: Introduction to markets and market failure | Theme 2: The UK economy – performance and policies |
| Microeconomics Students will develop an understanding of: – Nature of economics – How markets work – Market failure – Government intervention. | Macroeconomics Students will develop an understanding of: – Measures of economic performance – Aggregate demand – Aggregate supply – National income – Economic growth – Macroeconomic objectives and policy. |
| Theme 3: Business behaviour and the labour market | Theme 4: A global perspective |
This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of: – Business growth – Business objectives – Revenues, costs and profits – Market structures – Labour market – Government intervention. | This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of: – International economics – Poverty and inequality – Emerging and developing economies – The financial sector – Role of the state in the macro economy. |
Entry Requirements
Grade 5 and above in English and Maths GCSE
