Looking at the contemporary media situation we are constantly bombarded with messages about economics, so perhaps it is worth understanding a bit more about the A-level economics subject. A-level economics is a fairly new subject available to study but is becoming a very popular option. There are a lot of doors opened from studying A-Level economics, with great university choices as well as career options.
Looking at the contemporary media situation we are constantly bombarded with messages about economics, so perhaps it is worth understanding a bit more about the A-level economics subject.
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The AQA qualifications are internationally recognised and taught in 30 countries around the world, highly valued by employers and universities and enable young people to progress to the next stage of their lives. AQA qualifications suit a range of abilities and include GCSEs, IGCSEs and A-levels.
You should allow for between 250 and 300 hours’ study time, plus additional time for completing assignments.
Our course is delivered via our online learning platform as this provides learners with a dynamic and engaging experience. Don’t worry, if you prefer, you can print the learning materials yourself. The learning resources are in a range of different media including videos, quizzes, and interactive activities.
You will benefit from our unlimited tutor support for a period of up to 24 months after you enrol. You will receive your logins to MyOxbridge, where you’ll find all your learning materials.
You can enrol now for examinations from Summer 2022.
You will be required to complete the three standard written exams:
We provide a guaranteed exam space in one of our exam centres around the Country, to take away the hassle of needing to find your own. Check where your closest exam centre is.
During your course, you’ll be required to complete the following:
These do not contribute towards your final grade but provide you with an opportunity to submit work to your tutor for marking and feedback. This will help you to gauge your progress as you work through the course.
Upon successful completion of this home learning course, you will receive an A-Level in Economics, issued by AQA. This syllabus has been chosen specifically because it is the best suited to distance learning. Your certificate is identical to that issued to students at any other school, college or university.
Difficulty - Level 3
Entry requirements - A GCSE or equivalent qualification in economics or maths is recommended for this course.
In the opening unit, you’ll consider economics as a social science, and begin to understand how to think as an economist. You’ll explore how people’s views concerning the ‘best economic decision’ is often influenced by moral and political judgements, and gain a solid understanding of the central purpose of economic activity. Moving on, you’ll study the economists’ classification of economic resources into land, labour, capital, and enterprise – the factors of production. You’ll also delve into the fundamental economic problem of scarcity, and what it means.
In the second unit, you’ll consider the factors which determine the demand for goods and services, and the relationship between price and demand. You’ll also learn to calculate price, income, and cross elasticities of demand, the factors that influence the elasticities of demand, and more. Moving on, you’ll examine the factors which determine the supply of goods and services, and the relationship between higher prices and higher profits. Next, you’ll learn how to calculate the price elasticity of supply, and how the interaction of demand and supply determines equilibrium prices in a market economy. Finally, you’ll study the interrelationship between markets, and how they relate to one another.
In the third unit, you’ll move on to production and productivity, along with the benefits of specialisation and division of labour. You’ll consider the costs of production including details such as the difference between fixed and variable costs, along with economies and diseconomies of scale. Additionally, you’ll look at the differences between average revenue, total revenue, and profit.
To begin unit four, you’ll study market structures, and the various objectives of firms, such as growth, survival, and increasing their market share. You’ll consider competitive markets and why this leads to lower prices, along with what economists mean by the terms ‘monopoly’ and ‘monopoly power’. You’ll assess the competitive market process, and the different factors that drive competition, such as reducing costs, and improving service quality.
Next, you’ll investigate how markets and prices allocate resources, and the way in which economic incentives influence how, what, and for whom goods and services are produced. You’ll also study the meaning of market failure, and what is meant by a ‘misallocation of resources’. You’ll learn about public goods, private goods, and quasi-public goods, examining the difference between each term. You’ll cover market imperfections, the inequitable distribution of income and wealth, and how governments intervene in markets. Lastly, you’ll examine what happens in the case of government failure, and how intervention can have unintended consequences.
In the sixth unit, you’ll move on to the objectives of government economic policy, and macroeconomic indicators such as real GDP and Retail Price Indices. You’ll study the use of index numbers, and how they’re used to measure changes in the price level and changes in other economic variables.
Moving on, you’ll learn about the circular flow of income, including the difference between nominal and real income. You’ll investigate aggregate demand and aggregate supply, and how analysis of these factors can explain macroeconomic issues. You’ll consider the determinants of aggregate demand, the basic accelerator process, and the determinants of savings. Moving on, you’ll study the determinants of short-run and long-run aggregate supply.
In unit eight, you’ll take a look at economic growth and the economic cycle, along with factors such as short-run and long-run growth. Next, you’ll examine employment and unemployment, and how changes in the rest of the world can affect the UK job market. You’ll study inflation and deflation, the balance of payments on current accounts, and the importance of international trade for the UK economy. Lastly, you’ll investigate possible conflicts between macroeconomic policy objectives.
In the final unit, you’ll consider monetary policy, and the role of the Monetary Policy Committee and the Back of England. You’ll examine fiscal policy, and how it can be used to influence aggregate supply and demand. Lastly, you’ll study supply-side policies, and how they can be used to achieve improvements within the economy, along with specific supply-side measures such as government spending on education and cuts in income and corporation tax.
We have some answers to common student questions, but if you can't find the answer you're looking for then please contact us and we will do everything we can to answer your questions.
Yes. there will be additional fees for your exams that are payable to the centre upon booking Your personal tutor can provide more details.
No, however, we do provide a list of additional resources and podcasts you'll find interesting.
You will need to pay separately for your final examinations. Additional texts may also need to be purchased to supplement your learning on the course.
We are able to offer places at partnership exam centres across the UK for our students, therefore, guaranteeing an exam venue. If you choose to find your own exam centre, you can, you will need to register with them as an external or private candidate. Fees vary across the country so we recommend enquiring prior to enrolment.
Yes! You study the same curriculum, take the same examinations and get the same qualification. The only difference is that the course is specially designed to be studied from home in your own time.
You will have access to your personal tutor, via email, who will mark your assignments and guide you through the course to help you get ready for your examinations. In addition, you will be supplied with a comprehensive Study Guide that will help you through the study and assessment process. Your personal tutor will be highly experienced in their subject area and qualified to teach.
You can study this course from anywhere in the world, but the exams must be taken within the UK.