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A-level Economics

Proven to be one of the most favoured A-level subjects by universities, studying economics helps you think critically and problem-solve. You will gain a deeper understanding of how economies function and the factors that influence economic decisions.

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What you will learn

Below is an outline of the course material you will study:

Unit 1: Individuals, Firms, Markets and Market Failure

  • Economic methodology
  • The nature and purpose of economic activity
  • Economic resources
  • Consumer behaviour
  • Imperfect information
  • Bounded rationality
  • Biases
  • Behavioural economics and economic policy
  • Demand and price
  • Price, income and cross elasticities of demand
  • Income elasticity of demand (YED)
  • Composite and competitive supply
  • Price elasticity of supply
  • Production costs and revenue
  • Law of diminishing returns
  • Economies and diseconomies of scale
  • Profit
  • Barriers to entry
  • Advantages and disadvantages of monopoly
  • The competitive market process
  • The Labour Market
  • Influences upon the supply of labour
  • Distribution of wealth
  • Poverty
  • Public goods, private goods and quasi-public goods
  • Privatisation
  • Subsidies
  • Minimum and maximum prices
  • Public ownership

Unit 2: The National and International Economy

  • The national economy in a global context
  • Inflation
  • Unemployment
  • The circular flow of income
  • Aggregate demand and aggregate supply analysis
  • The Keynesian LRAS Curve
  • Economic performance and cycles
  • Employment and unemployment
  • Inflation and deflation
  • Quantity theory of money
  • Consequences of inflation
  • The Phillips Curve
  • Financial markets and monetary policy
  • Commercial banks and investment banks
  • Assets of commercial banks
  • Credit creation
  • Central banks and monetary policy
  • The regulation of the financial system
  • Bank failure and moral hazard
  • Liquidity and capital ratios
  • Systemic risk
  • Fiscal policy and supply-side policies
  • Progressive, regressive and proportional taxation
  • Main taxes used in the UK
  • Principles of taxation
  • Public expenditure
  • Supply-side policy
  • Causes of globalisation
  • Economic growth and development

Unit 3: Preparing for exam papers

Paper 1

Paper 2

Paper 3

Course Outcome

Upon successful completion of this home learning course, you will receive an A-level in Economics, issued by AQA. This syllabus (7136) has been chosen specifically because it is best suited to distance learning. Your certificate is identical to that issued to students at any other school, college or university.

A qualification in A-level Economics is highly respected by universities and employers alike. You will become more aware of global economic issues and financial markets, increasing your decision-making and evaluation skills. 

Progression Routes

After gaining a qualification in A-level Economics, you open a world of possibilities. If you are business-minded, you will become more knowledgeable in different economic practices that can help you when pursuing a career. You can also study degrees in similar fields, such as Business and Management, Finance, Accounting and Sociology.

Examinations and Assessments

You will be required to complete the three written exams:

  • Paper 1: 2 hours, 33.3% of A-level, 80 marks
  • Paper 2: 2 hours, 33.3% of A-level, 80 marks
  • Paper 3: 2 hours, 33.3% of A-level, 80 marks

Entry Requirements

A GCSE or equivalent qualification in economics or maths is recommended for this course. This A-level Economics syllabus is a difficulty level three: the equivalent difficulty of an A-level or BTEC, usually suitable for most learners of all ages.

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Receive one-on-one personalised guidance and support from our expert personal tutors.

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Whether you have questions about assignments, need assistance with a complex topic or just need a bit of motivation, your personal tutor and our learning support team are here to support your learning journey at every step of your learning journey.

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Take control of your learning experience with MyOxbridge™, our award-winning online learning platform.

You can access your course materials, submit assignments, view grades, track progress, and get support anytime, anywhere, via mobile, computer, or tablet. We also include many common accessibility features as standard.

Our online students achieve 20% higher grades than they would at a traditional college. With MyOxbridge, you can exceed your learning goals, on your terms.

award-winning online platform. Access course materials anytime, anywhere; on mobile, laptop, or tablet. Submit assignments, view grades, and track progress with engaging content and offline access. Achieve your goals flexibly!

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Frequently Asked Questions

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