What you will learn
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Unit 1 - Individuals, Firms, Markets and Market Failure
- Economic methodology
- The nature and purpose of economic activity
- Economic resources
- Consumer behaviour
- Imperfect information
- Bounded rationality
- Biases
- Behavioural economics and economic policy
- Demand and price
- Price, income and cross elasticities of demand
- Income elasticity of demand (YED)
- Composite and competitive supply
- Price elasticity of supply
- Production costs and revenue
- Law of diminishing returns
- Economies and diseconomies of scale
- Profit
- Barriers to entry
- Advantages and disadvantages of monopoly
- The competitive market process
- The Labour Market
- Influences upon the supply of labour
- Distribution of wealth
- Poverty
- Public goods, private goods and quasi-public goods
- Privatisation
- Subsidies
- Minimum and maximum prices
- Public ownership
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Unit 2 - The National and International Economy
- The national economy in a global context
- Inflation
- Unemployment
- The circular flow of income
- Aggregate demand and aggregate supply analysis
- The Keynesian LRAS Curve
- Economic performance and cycles
- Employment and unemployment
- Inflation and deflation
- Quantity theory of money
- Consequences of inflation
- The Phillips Curve
- Financial markets and monetary policy
- Commercial banks and investment banks
- Assets of commercial banks
- Credit creation
- Central banks and monetary policy
- The regulation of the financial system
- Bank failure and moral hazard
- Liquidity and capital ratios
- Systemic risk
- Fiscal policy and supply-side policies
- Progressive, regressive and proportional taxation
- Main taxes used in the UK
- Principles of taxation
- Public expenditure
- Supply-side policy
- Causes of globalisation
- Economic growth and development
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Preparing for exam papers
Awarding Body
AQA qualifications are internationally recognised and taught in 30 countries around the world, highly valued by employers and universities and enable young people to progress to the next stage of their lives. AQA qualifications suit a range of abilities and include GCSE courses, IGCSE courses and A-level courses.
Recognised through UCAS
This course carries UCAS points. This means that it can be used to gain direct access to University courses and other Higher Education, through the UCAS system.
Course Outcome
Upon successful completion of this home learning course, you will receive an A-level in Economics, issued by AQA. This syllabus (7136) has been chosen specifically because it is best suited to distance learning. Your certificate is identical to that issued to students at any other school, college or university.
How is this course assessed or examined?
You will be required to complete the three written exams:
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- Paper 1: 2 hours, 33.3% of A-level, 80 marks
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- Paper 2: 2 hours, 33.3% of A-level, 80 marks
- Paper 3: 2 hours, 33.3% of A-level, 80 marks
Entry requirements
A GCSE or equivalent qualification in economics or maths is recommended for this course. This A-level Economics syllabus is a difficulty level three: the equivalent difficulty of an A-level or BTEC, usually suitable for most learners of all ages.
Past Papers
You can access past papers for this course. They are free to access and cover a range of exam boards.
