A-level Economics

Qualification

A-level Economics

Exam Board

AQA: https://www.aqa.org.uk/subjects/economics/a-level/economics-7136/specification

Course Description

A Level Economics encompasses subjects associated with economics including the market system, market failure and government intervention, the national and international economy, economics of work and leisure, the UK economy and economics in a European context in order to give you the broadest knowledge possible.

Units

Individuals, firms, markets and market failure

1. The economic problem and economic methodology

2. Individual economic decision making

3. Price determination in a competitive market

4. Production, costs and revenue

5. Perfect competition, imperfectly competitive markets and monopoly

6. The labour market

7. The distribution of income and wealth: poverty and inequality

8. The market mechanism, market failure and government intervention in markets

The national and international economy

9. The measurement of macroeconomic performance

10. How the macroeconomy works : the circular flow of income, AD/AS analysis

11. Economic performance

12. Financial markets and monetary policy

13. Fiscal policy and supply-side policy

14. The international economy

15. Exchange rate systems, economic growth and development

Assessment

  • Paper 1 | Markets and market failure | 33.3% of A-level | 80 marks
  • Paper 2 | National and international economy | 33.3% of A-level | 80 marks
  • Paper 3 | Economic principles and issues | 33.3% of A-level | 80 marks

Entry Requirements

Our general entry requirements are that you will need a minimum of five Grade 6s in your GCSEs to study A-Levels.

You do not need to have studied Economics at GCSE level to take this course. It does include mathematical content, as well as evaluative writing skills, so is recommended for those with a grade 6 or above in GCSE Maths and English

Leads to

Study at University Economics.

Potential Careers

Appropriate as part of a broad and balanced curriculum for access to further studies and/or training, with a key focus on the field of business and related subjects including Marketing, Finance, Human Resources.

August 2025

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