Economics

A Level Year 12 Economics

There are 3 classes in Year 12 with an average class size of 21

Theme 1

In Theme 1 Students will learn how individual markets operate, e.g.what determines the price of gold, wheat, houses etc.  They will learn that some markets operate inefficiently and that governments may want to intervene to make those markets work better, sometimes with limited success.

Introduction to markets and market failure

1.1  Nature of economics

1.2  How markets work

1.3  Market failure

1.4  Government intervention

Theme 2

In Theme 2 students learn how national economies operate.  They assess the various strategies governments can adopt to improve the efficiency and therefore the productivity of that economy.

The UK economy – performanceand policies

2.1  Measures of economic performance

2.2  Aggregate demand

2.3  Aggregate supply

2.4  National income

2.5  Economic growth

2.6  Macroeconomic objectives and policy

The content for Theme 1 and Theme 2 is the same for the AS and A level qualifications

Even though they are separate qualifications students can attend the A Level class in Year 12 as a 4th subject and then take it as an AS. This also means they could decide to carry on with the subject into Year 13.

A Level Year 13 Economics

There are 3 classes in Year 13 with an average class size of 20.

Theme 3

In Theme 3 students learn how the structure of a market influences how firms behave, ranging from a monopolistic industry (Heathrow) to a perfectly competitive market like Uber taxis. They should also understand how labour markets operate and be able to propose how governments might intervene to make these markets operate more efficiently.

Business behaviour and the labour market

3.1  Business growth

3.2  Business objectives

3.3  Revenues, costs and profit

3.4  Market structures

3.5  Labour market

3.6  Government intervention

Theme 4

Theme 4 builds on Theme 2, looking at how a country operates in the international context and how issues of poverty and inequality might be addressed, with specific reference to developing countries.

A global perspective

4.1  International economics

4.2  Poverty and inequality

4.3  Emerging and developing economies

4.4  The financial sector

4.5  Role of the state in the macroeconomy