AS Level Economics (CAIE)

AS Level Economics (CAIE)

Dates Available

• Week 1: 29 March – 2 April
• Week 2: 5 April – 9 April
• Week 3: 12 April – 16 April

Boards

CAIE 9708

Length of Course

20 hour course

Times

9am to 1pm daily

The CAIE Economics AS level syllabus is distinctive with one paper of multiple choice and one written paper containing extended writing and resource-response. The seminars are all four hours long and will cover examination technique and practice as the emphasis, with some scaffolding of knowledge. The course is broadly organised as follows though tutors may choose to be flexible in their approach to suit the needs of the students and the flow of each session:

Monday (AM)
Topic 1
Basic Economic Ideas and Resource Allocation
Scarcity, choice and opportunity cost; economic methodology; factors of production; resource allocation in different economic systems; production possibility curves; classification of goods and services.

Theme 2
The Price System and the Microeconomy
Demand and supply curve, price elasticity, income elasticity and cross elasticity of demand, price elasticity of supply, the interaction of demand and supply, consumer and producer surplus.

Tuesday (AM)
Topic 3
Government Microeconomic Intervention
Reasons for government intervention in markets; methods and effects of government intervention in markets; addressing income and wealth inequality.

Wednesday AM
Topic 4
The Macroeconomy
National income statistics; introduction to the circular flow of income; aggregate demand and aggregate supply analysis; economic growth; unemployment; price stability.

Thursday AM
Topic 5
Government Macroeconomic Intervention
Government macroeconomic policy objectives; fiscal policy; monetary policy; supply-side policy.

Friday AM
Topic 6
International Economic Issues
The reasons for international trade; protectionism; current account of the balance of payments; exchange rates; policies to correct imbalances in the current account of the balance of payments.