A Level Economics

Course summary

Course Outline / Topics Individuals, firms, markets and market failure  Economic methodology and the economic problem  Individual economic decision making  Price determination in a competitive market  Production, costs and revenue  Perfect competition, imperfectly competitive markets and monopoly  The labour market  The distribution of income and wealth: poverty and inequality  The market mechanism, market failure and government intervention in markets The national and international economy  The measurement of macroeconomic performance  How the macro economy works : the circular flow of income, AD/AS analysis, and related concepts  Economic performance  Financial markets and monetary policy  Fiscal policy and supply-side policies  The international economy