Course Structure

The A Level course is divided up into four modules (two per year of study):

AS Level

Unit 1    Markets and Society

Scarcity and PPFs

Markets - Supply and Demand

Elasticity

Market Failure

Unit 2   Macroeconomic Theory and Policy

National Income/Circular Flow

Aggregate Demand/Aggregate Supply

Macroeconomic Policy

International Trade and Exchange Rates

A2 Level

Unit 3   Competitive Behaviour

Business Objectives

Costs, Revenue and Profit

Market Structures

Competition Policy

Unit 4   Macroeconomic Issues

Unemployment and Inflation

Economic Growth

Balance of Payments and the EU

Economic Development

Assessment

There will be two examinations sat in June of each year (AS and A2), which will test knowledge of all modules named above.   There is no assessed coursework at AS or A2 Level, but preparatory work will of course be given throughout the course, as well as past paper practice in the run up to any of the final examinations.  

AS        EC1   Introduction to Micro and Macroeconomics 20% (1 hour) Short Answer

             EC2  Micro and Macroeconomic Theory/Policy 30% (2 hours) Data Response and Essay

A2        EC3  Competitive Behaviour and Macroeconomics I 25% (1h 45m) Short Answer/Essay

             EC4  Competitive Behaviour and Macroeconomics II 25% (2 hours)  Data Response/Essay