Cambridge International A Level Economics

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Students completing the AS Level will complete the following modules:

Basic economic ideas and resource allocation

• Scarcity, choice and opportunity cost
• Economic methodology
• Factors of production
• Resource allocation in different economic systems
• Production possibility curves
• Classification of goods and services

The price system and the micro economy

• Demand and supply curves
• Price elasticity, income elasticity and cross elasticity of demand
• Price elasticity of supply
• The interaction of demand and supply
• Consumer and producer surplus

Government microeconomic intervention

• Reasons for government intervention in markets
• Methods and effects of government intervention in markets
• Addressing income and wealth inequality

The macro economy

• National income statistics
• Introduction to the circular flow of income
• Aggregate Demand and Aggregate Supply analysis
• Economic growth
• Unemployment
• Price stability

Government macroeconomic intervention

• Government macroeconomic policy objectives
• Fiscal policy
• Monetary policy
• Supply-side policy

International economic issues

• The reasons for international trade
• Protectionism
• Current account of the balance of payments
• Exchange rates
• Policies to correct imbalances in the current account of the balance of payments

Students completing the the Full A Level will complete the above AS modules, and the following:

The price system and the micro economy

• Utility
• Indifference curves and budget lines
• Efficiency and market failure
• Private costs and benefits, externalities and social costs and benefits
• Types of cost, revenue and profit, short-run and long-run production
• Different market structures
• Growth and survival of firms
• Differing objectives and policies of firms

Government microeconomic intervention

• Government policies to achieve efficient resource allocation and correct market failure
• Equity and redistribution of income and wealth
• Labour market forces and government intervention

The macro economy

• The circular flow of income
• Economic growth and sustainability
• Employment/unemployment
• Money and banking

Government macroeconomic intervention

• Government macroeconomic policy objectives
• Links between macroeconomic problems and their interrelatedness
• Effectiveness of policy options to meet all macroeconomic objectives

International economic issues

• Policies to correct disequilibrium in the balance of payments
• Exchange rates
• Economic development
• Characteristics of countries at different levels of development
• Relationship between countries at different levels of development
• Globalisation

AS Level Exams
There are two exams for the AS Level qualification. The length of each exam is as follows:

Paper 1 – 1 hour
Paper 2 – 2 hours

A Level Exams
There are four exams for the full A Level qualification. The length of each exam is as follows:

Paper 1 – 1 hour
Paper 2 – 2 hours
Paper 3 – 1 hour 15 min
Paper 4 – 2 hours

This Cambridge International A' Level Economics Course is ideal for anyone wishing to gain a knowledge and understanding of this subject or for anyone who wishes to study at a higher level at University and gain UCAS points. You will also find this course extremely valuable if you are looking for a progression route for further training whilst employed.

There are no previous entry requirements for this course, however students are expected to have a reasonable standard of literacy. You have the freedom to start the course at any time and continue your studies at your own pace for a period of up to 24 months from initial registration with the full support of your Tutor.

Economics is a great starting point for those looking for a career in finance, business or politics. However, it is also useful for a range of careers including marketing, law, journalism or teaching.

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