Economics AS Topics

Length of Course: 5 half-day sessions
Boards: AQA, Edexcel, OCR

This course revises topics which are largely common to the following AS level specifications:

  • AQA: Markets and Market Failure; The National Economy
  • EDEXCEL: Competitive Markets; Managing the Economy
  • OCR: Markets in Action; National and International Economy 

OCR and AQA students will be allocated places on our board-specific courses whenever possible.

The following topics will be revised:

Unit 1 (Monday – Wednesday)

  • Economic Systems
  • Production Possibility Frontier
  • Specialization
  • Normative/Positive Statements
  • Demand and Supply
  • Elasticity
  • Price Determination
  • Commodities and Buffer Stocks
  • The Labour Market
  • Why Markets Fail
  • Government Intervention
  • Government Failure
  • Economic Efficiency

Unit 2 (Thursday – Friday)

  • The Circular Flow
  • Economic Objectives
  • Aggregate Demand and Supply
  • Demand Side Management
  • Supply Side Management
  • The Multiplier