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LangleyGrammar School

    • Economics

    A Level

    Students studying the subject at A Level follow the Edexcel Economics A specification. During the course the following topics are covered.

    Year 12 Year 13

    Theme 1: Introduction to markets and market failure.

    Microeconomic concepts. Students will develop an understanding of:

    • Nature of economics
    • How markets work
    • Market failure
    • Government intervention

     

    Theme 2: The UK economy – performances and policies.

    Macroeconomic concepts. Students will develop an understanding of:

    • Measures of economic performance
    • Aggregate demand
    • Aggregate supply
    • National income
    • Economic growth
    • Macroeconomic objectives and policy

    Theme 3 – Business behaviour and the labour market

    Students will develop an understanding of business economics:

    • Business growth
    • Business objectives
    • Revenues, costs and profits
    • Market structures
    • Labour market
    • Government intervention.

     

    Theme 4 – A global perspective.

    Students will develop an understanding of global economics:

    • International economics
    • Poverty and inequality
    • Emerging and developing economies
    • The financial sector
    • Role of the state in the macroeconomy.

    For more detailed information on the course content and assessment please refer to the examination board website: http://qualifications.pearson.com/en/qualifications/edexcel-a-levels/economics-a-2015.html

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