Subject Leader: Miss N dela Fuente

 

Key Stage 5

Economics A level

Examination Board: AQA

Course Overview

The AQA A Level Economics course provides students with a comprehensive understanding of both microeconomic and macroeconomic principles. It equips learners with the analytical tools and knowledge necessary to understand economic behaviour, market dynamics, and the economic issues that shape societies.

Assessment: The AQA A Level Economics is assessed through three exams at the end of the two year course.

Paper 1: Markets and Market Failure (80 marks)

• Focuses on microeconomics.
• Includes data response and extended essay questions.

Paper 2: National and International Economy (80 marks)

• Focuses on macroeconomics.
• Includes data response and extended essay questions.

Paper 3: Economic Principles and Issues (80 marks)

• Synoptic paper covering both microeconomics and macroeconomics.
• Includes multiple choice, data questions, explanation questions and extended essay questions.

 

Key Stage 5 Curriculum Content

The course is divided into two main components: Microeconomics and Macroeconomics, each covered over two years.

Year 12

• What is economic methodology and the economic problem and how does this relate to our daily lives?
• What impacts production, costs and revenue?
• What determines price in an economic market?
• What are the different types of competition and how do they impact the economy?
• What is the market mechanism, market failure and how does the government intervene?
• How does macroeconomy work?
• What impacts economic performance? 
• What is the meaning of balance of payments?
• What are fiscal and supply side policies and how do they impact the economy? 
• What impacts individual economic decision making?
• What is the distribution of income and wealth and how does this contribute to inequality?

Year 13

• What impacts production, costs and revenue?
• What are the different types of competition and how do they impact the economy?
• What are the key features of the labour market?
• What is the distribution of income and wealth and does this contribute to inequality?
• How does macroeconomy work? 
• What impacts economic performance?
• What is the structure of financial markets and what is the purpose of monetary policy?
• How do the exchange rate systems support economic growth
• How does international trade link to globalisation?

Useful Information 

 

Useful Website Links

https://www.physicsandmathstutor.com/economics-revision/

Suggested Revision Guides and Books

AQA A-level Economics - My Revision Notes: David Lewis

Out of School Learning (OSL) and Extracurricular Activities 

• OSL will be invite only based on mock exam and class assessment results.
• Visit from London School of Economics to discuss their university courses