By studying Economics, you are able to look deeper into the world around you. This will allow you to understand how and why the world functions as it does. Economics is not solely about wealth, it is about how the financial markets and economic decisions affect society and everyday lives.
Although Maths is a part of A-Level Economics, the course also offers the opportunity to develop other skills, including communication, discussion skills.
A specific arrangement of units is required for certification, made up of two AS-Level units and three A2 level units. You will study four units and the assessment for A-Level Economics is by exam.
Over the course, you will undergo at least 360 guided learning hours over a two-year period. These guided learning hours are levels set by the government on how much time the tutor at your sixth form or college has to be present to give guidance (such as lectures, tutorials etc.) towards your award.
- AQA AS-Level Economics
The first unit, Economics: Markets and Market Failure will develop your knowledge and understanding of basic microeconomic models, such as demand and supply and allow you to apply these to current issues. The second unit, Economics: The National Economy will introduce you to macroeconomics and you will study AD/AS, economic models and enquiry methods.
- Edexcel AS-Level Economics
The first unit, Competitive Markets — How They Work and Why They Fail introduces economics and the allocation of resources in markets. It also examines the cause of market failures and policy remedies. The second unit, Managing the Economy introduces the key measures of economic performance and economic policy, including AD/AS models.
- WJEC AS-Level Economics
The AS units, An Introduction to Microeconomics and Macroeconomics Microeconomic and Macroeconomic Theory and Policy are designed to give you a broad understanding of markets and economies, in both individuals markets (microeconomies) and economies (macroeconomies).
- CCEA AS-Level Economics
The first unit, Markets and Prices will develop your understanding of the basic economic problem and how markets help resolve this. You will also explore how markets work and why they may fail, as well as the role of government interventions. The National Economy unit focuses on the macroeconomic issues in the UK economy and allows you to apply statistical indicators of performance. You will also examine contemporary economic problems.
- OCR AS-Level Economics
The first unit, Markets in Action will allow you to develop knowledge of competitive markets, market failures and government interventions. You will also explore why individuals, societies and organisations have to make choices. The National and International Economy allows you to explore aggregate demand and supply, government economic objectives, indicators of performance and macroeconomic policy instruments.
- University of Cambridge International Examinations AS-Level Economics
The AS includes basic economic ideas, price systems and the theory of the firm, government interventions, international trade and macroeconomy.
The A2 Economics is the equivalent of the second year of study of A-Level Economics. This is not a separate award. The A2 –Level Economics with the AS-Level Economics makes up the A-Level Economics. The A2-Level Economics will further develop your knowledge from AS-Level Economics.
- AQA A2 Economics
Economics: Business Economics and the Distribution of Income is a synoptic unit, building on AS knowledge to consider a variety of issues, concepts and theories. Economics: The National and International Economy is also a synoptic unit and you will be expected to develop your critical approaches further as well as analysing economic models in graphical, numerical and written forms.
- Edexcel A2 Economics
Business Economics and Economic Efficiency builds on the first AS unit and examines how competition is affected by the size and number of market participants. The Global Economy unit also builds on AS knowledge, allowing you to apply your knowledge to a global economic context.
- WJEC A2 Economics
The first unit, Competitive Behaviour, Macroeconomics and Globalisation (I) along with the second unit, Competitive Behaviour, Macroeconomics and Globalisation (II) will develop your AS knowledge to apply both micro and macro models to local, national and international contexts.
- OCR A2 Economics
In Economics of Work and Leisure, you will explore trends about demand, supply and wages, competitive behaviours in leisure markets and government and unions in the labour market. The second unit, Transport Economics will develop your understanding of a variety of transport trends, markets, behaviour and government policy.
- CCEA A2 Economics
The A2 units develop your AS knowledge further. You will examine decision-making processes of firms, market models, market behaviour and the role of policy in promoting competition. In the Global Economy unit, you will examine trade and trade barriers, UK membership in the EU and issues of increasing globalisation.
- University of Cambridge International Examinations A2 Economics
This will further develop your knowledge of AS content of economic ideas, price system and the theory of the firm, government interventions, international trade and macroeconomics.
A-Level Economics Exam Board Information
- The AQA A-Level Economics specification is available on the AQA website.
- The specification for the WJEC AS and A-Level Economics is available here.
- The CCEA AS-Level and A-Level Economics specification is available on their website.
- The Edexcel A-Level Economics specification is available from their website.
- The specification for the OCR AS and A-Level Economics is available here.
- University of Cambridge International Examinations A-Level Economics specification is available from this website.
Many people study Economics so that they can study Economics, Politics, Maths, or Business at university. Economics is able to combine with a variety of other subjects, including the social sciences, humanities, foreign languages, sciences and engineering.
Career options are extremely wide for Economics graduates, including, finance, business, government services, law and teaching. Whatever your choice of further study, or career, A-Level Economics shows that you are able to use Maths and IT to interpret and analyse data effectively.
Other Useful Information
- Edexcel past papers and exemplar materials are available on their website.
- AQA past papers and other resources for A-Level Economics are available on the AQA website.
- Past papers and for the CCEA AS and A-Level Economics are available here.
- OCR past papers are available on their website.
- University of Cambridge International Examinations A-Level Economics question papers are available here.
- S-cool offers a wide selection of AS and A2 Economics resources.
- Biz/Ed.co.uk offers a selection of AS and A-Level Economics Resources.
- Revision Guru has notes for a number of the different A-Level Economics awards.