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A Level Economics

A Level Economics Edexcel

Easter Revision Course Dates 2024

  • Week 1: Monday 25 March – Friday 29 March
  • Week 2: Monday 1 April – Friday 5 April
  • Week 3: Monday 8 April – Friday 12 April



Length of Course

Five full days, 40 hours total.


9.00am to 12.30pm or 1.00pm to 4.30pm daily.

The AS topics are relevant to all specifications. A Level topics are specific to EDEXCEL students: The topics are relevant to all of the new, reformed specifications:

Topic 1 (AS) – Basic Economic Problem and Basic Economic Concepts:
Positive and normative economics; scarcity and opportunity cost; The production possibility boundary or frontier; Specialisation and the division of labour; Free market and mixed economies; rational decision-making process, the functions of money. The supply of, and demand for, goods and services.

Topic 2 (AS) – Price Mechanism and its Application:
The price mechanism as a means of allocating resources; The role of the price mechanism in resource allocation in free market and mixed economies; Application of the price mechanism in markets, such as goods, services, commodities and labour. Elasticity. Indirect taxes and subsidies.

Topic 3 (AS) – Market failures and Government Intervention:
Types of market failure including public goods, externalities, imperfect information, labour immobility, unstable commodity markets; Government intervention in markets; Government failure.

Topic 4 (AS) – National Economic Performance:
Measurements of performance including growth, inflation, employment and unemployment, balance of payments; Other measures of development; National Income and wealth; The circular flow of income.

Topic 5 (AS) – Aggregate Demand/Supply Analysis:
Aggregate demand; Aggregate supply; Relationship between aggregate demand/supply and the price level; The equilibrium level of real output; Multiplier effect; Causes, costs and constraints on economic growth; Macroeconomic policy objectives; Conflicts between objectives; the main macro-economic policy instruments- supply/demand side policies; Conflicts resulting from use of policy instruments.

Topic 6 (2nd Year) – Business Economics-Concepts:
The revenue of a firm; The costs of a firm; economic efficiency; The profit of a firm; Firms’ objectives.

Topic 7 (2nd Year) – Market Structure and Contestability:
Barriers to market entry and exit; Market concentration; The determination of firms’ behaviour including perfect competition, monopoly, monopsony, oligopoly and monopolistic competition; Contestability, Government intervention to maintain competition in markets.

Topic 8 (2nd Year) – The labour market:
The demand and supply of labour, Income and substitution effects, Immobility of labour, Wage elasticity of demand, Minimum wage.

Topic 9 (2nd Year) – The International Economy:
Causes and effects of globalisation; International trade-why trade and how is trade recorded and financed; International competitiveness of a country.

Topic 10 (2nd Year) – The developing world:
Poverty and inequality of developed and developing countries; Limits to growth and development; Macroeconomic policy used to promote growth and development; Other measures used to promote growth development, The role of financial markets

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