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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).


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

Year 2 (A Level)

Course Content and Examinations

Unit 3: Business behaviour

Written examination: 2 hours

  • Types and sizes of businesses
  • Revenue, costs and profits¬†
  • Market structures and contestability
  • Labour markets
  • Government intervention


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