Economics

Course summary

Studying A level Economics will allow students to apply economic theory to support analysis of current economic problems and issues, and encourage students to appreciate the interrelationships between microeconomics and macroeconomics. The A level covers the following 14 topic areas: Individuals, firms, markets and market failure • 1 Economic methodology and the economic problem* • 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 fail