Economics (A Level)

Course summary

Year 12 Students will learn about economic methodology and the economic problem. They will study price determination in a competitive market alongside production, costs and revenue. We will look at competitive and concentrated markets, as well as the market mechanism, market failure and government intervention. Finally, we will consider macro-economic performance and how the macro economy works, including the macro-economic variables of the Balance of Payments, Inflation, Growth (GDP) and Employment. Year 12 exams are conducted internally to assess progress. Year 13 Students will go on to explore perfect competition, imperfectly competitive markets and monopoly, as well as the labour market. We will explore the distribution of income and wealth and inequality, as well as financial markets, monetary policy and fiscal policy. Finally, students will consider the international economy.