AS/A Level Economics
Mon Sep 11 2023
Day / Time
Economics is not simply all about numbers. It is the study of the world around us from a social, financial and cultural perspective, economics has never been as important or relevant than it is now, due to rapid advances in technologies and as the world learns how to operate post Covid.
Whilst studying A Level economics students will cover a range of economic principles that will allow them to apply economic theory to support analysis of current economic problems and issues, and encourage students to appreciate the interrelationships between microeconomics and macroeconomics.
Students develop the knowledge and skills needed to understand and analyse data, think critically about issues and make informed decisions. They will also build upon their quantitative skills and appreciate that, when evaluating arguments, both qualitative and quantitative evidence are important.
- Economic methodology and the economic problem
- Individual economic decision making
- Price determination in a competitive market
- Production, costs and revenue
- Perfect competition, imperfectly competitive markets and monopoly 6 The labour market
- The distribution of income and wealth: poverty and inequality
- The market mechanism, market failure and government intervention in markets The national and international economy
- The measurement of macroeconomic performance
- How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
- Financial markets and monetary policy
- Fiscal policy and supply-side policies
- The international economy