Economics AS AQA New Specification

Length of course: 5 full-day sessions
Boards: AQA (7136) only

This course is board-specific for the NEW AQA specification (7136).

This course is for A level students only.

This course is not suitable for AS level students studying Economics AS AQA New Specification
(7135).

This course is not suitable for students re-sitting units from the outgoing Economics A2 AQA (2141) specification.

Exam technique practice will focus on both qualitative and quantitative evaluation of evidence.
Correct application of the economics toolkit will be emphasised throughout. This process involves
identifying issues, defining key economic terms, developing application of a theoretical framework and effectively evaluating the overall argument.

The following topics will be covered:

• Economic methodology and the economic problem
• Price determination in a competitive market
• Production, costs and revenue
• Competitive and concentrated markets
• The market mechanism, market failure and government intervention in markets
• The measurement of macroeconomic performance
• How the macroeconomy works: the circular flow of income, AD/AS analysis, and related
concepts
• Economic performance: unemployment, inflation, economic growth
• Macroeconomic policies and conflicts
• Individual economic decision making
• Perfect competition, imperfectly competitive markets and monopoly
• The labour market
• The distribution of income and wealth: poverty and inequality
• Financial markets and monetary policy
• Fiscal policy and supply-side policies
• The international economy