At A Level in Economics the qualification is structured into four themes and consists of three externally examined papers. Students develop knowledge and understanding of core economic models and concepts in the four themes. Students will need to apply their knowledge and understanding to both familiar and unfamiliar contexts in the assessment and demonstrate an awareness of current economic events and policies. work. Theme 1: Introduction to markets and market failure This theme focuses on microeconomic concepts. Students will develop an understanding of: Nature of economics How markets work Market failure Government intervention Theme 2: The UK economy – performance and policies This theme focuses on 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 This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of: Business growth Business objectives Revenues, costs and profits Market structures Labour market Government intervention Theme 4: A global perspective This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of: International economics Poverty and inequality Emerging and developing economies The financial sector Role and state in the macroeconomy