A-Level Economics
About This Programme
At Oxbridge, we are proud to provide multiple A-level courses. Fancy becoming the next Chancellor of the Exchequer or a highly skilled analyst? Our AQA A-level Economics course provides students with the analytical, numerical and research skills to help you achieve a strong understanding of economics.
Through nine engaging modules split between two units, you’ll study the factors of production, supply and demand, the relationships between financial markets and much more. In short, you’ll learn how to think like a true economist!
Firstly in unit one you will understand the relationships between individuals and markets, as well as what happens when they fail.
Secondly in unit two you understanding will grow in include the national economy and how it fits into the wider global economy.
A-level Economics is also a valuable qualification for entry into many other careers that require an analytical mind and critical thinking, such as law and journalism. This course will provide you with a strong foundation for higher education or employment, as you will have shown your ability to understand and evaluate complex information.
Course Info
| Course Code | X914W |
| Duration | Between 8–24 months (Fast Track available) |
| Study Hours | 300 in total |
| Difficulty | Level 3 |
| UCAS Point | Up to 56 |
| Syllabus Code | 7136 |
| Units | 3 Units |
Awarding Body: AQA
UCAS
What you will learn
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
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
- 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.
Student Testimonials
I had General English class and IELTS class, and I think both classes were really helpful. In general English, I could say more fluently, it means that I learned many useful expressions and phrases. In IELTS class, I realised which subject I should study. So now I know more vocabs than before. Also, the teachers are really kind and funny.
I'm really satisfied with my class at GLC because the teachers are so nice, and I enjoy the lessons. Before coming here, I had never learned English from a native teacher, and I found that it makes a big difference. In my first class, I could hardly understand a few sentences. But now, I'm able to understand almost everything.
I studied English courses at GLC for 11 months, during which I made significant improvements in grammar, speaking, and listening. In the past, I was always afraid to speak with others in English, but through systematic learning and continuous practice, I am now able to confidently have fluent conversations with locals.
The teachers at GLC are very patient. They not only adjust the course content according to my learning progress but also encourage me to speak more and practice often, which has filled me with motivation and confidence throughout the learning process. It has really improved my English and made me braver in using it!
