You’ll cover markets in action and developments in the global economy as you study our Edexcel International AS/Advanced Level in Economics.
What I should consider before enrolling
We recommend our students have a grade B or 6 at Maths IGCSE/GCSE to cope with the subject content. All students undertaking A levels must also have IGCSE in English Language at Grade C or 4 (or equivalent qualification).
Economics
Year 1 (AS Level)
Course Content and Examinations
Unit 1: Markets in action
Exam: 1 hour and 45 minutes
- Introductory concepts
- Consumer behaviour and demand
- Supply
- Price determination
- Market failure
- Government intervention in markets
Unit 2: Macroeconomic performance and policy
Exam: 1 hour and 45 minutes
- Measures of economic performance
- Aggregate demand (AD)
- Aggregate supply (AS)
- National income
- Economic growth
- Macroeconomic objectives and policies
Economics
Year 2 (A Level)
Course Content and Examinations
Unit 3: Business behaviour
Written examination: 2 hours
- Types and sizes of businesses
- Revenue, costs and profitsÂ
- Market structures and contestability
- Labour markets
- Government intervention
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Unit 4: Developments in the global economy
Written examination: 2 hours
- Causes and effects of globalisation
- Trade and the global economy
- Balance of payments, exchange rates and international competitiveness
- Poverty and inequality
- The role of the state in the macroeconomy
- Growth and development in developing, emerging and developed economies
Economics Specification
Go to pdf file with specifications
