A Level Economics

Course summary

Economics concerns the allocation of society’s scarce resources amongst the many alternative uses to which they could be put. At AS Level students study both Microeconomics and Macroeconomics. Microeconomics addresses issues such as: “Why are house prices so high?”, “Can pollution effectively be controlled?” and “Should governments interfere with markets?” The macroeconomic issues covered include: “Why does the Government have an inflation rate target and how does it affect us?”, “What happens to the economy if people decide to spend more?” and “How are we affected by the Chinese and Indian economies?” AS Level Units Unit 1: The Operation of Markets & Market Failure. Unit 2: The National Economy in a Global Context