Induction

Structure of the course

Over the two years of study we will cover the following topics-

Individuals, firms, markets and market failure (Microeconomics)

1 Economic methodology and the economic problem

2 Individual economic decision making

3 Price determination in a competitive market

4 Production, costs and revenue

5 Perfect competition, imperfectly competitive markets and monopoly

6 The labour market

7 The distribution of income and wealth: poverty and inequality

8 The market mechanism, market failure and government intervention in markets

The national and international economy (Macroeconomics)

9 The measurement of macroeconomic performance

10 How the macroeconomy works : the circular flow of income, AD/AS analysis, and related concepts

11 Economic performance

12 Financial markets and monetary policy

13 Fiscal policy and supply-side policies

14 The international economy

Assessment

Exam Board: Edexcel (Pearson) . in May/June 2027 your final assessments will consist of 3  x  2-hour exam papers of equal value. There is no coursework element.  

Paper 1 covers all of the Microeconomic topics (1-8).

Paper 2 covers all of the Macroeconomic topics (9-14).

Paper 3 Economic Principles and Issues covers topics (1-14). 

Resources you’ll need in September

• The CGP A-Level Economics Complete Revision & Practice. ISBN 9781782943471. We will be selling these through the school in September, when we can get a decent discount. 

• We will also ask you to buy from the school once the term has begun a set of Physics & Maths Tutor Economics notes which contain all the most important diagrams and concepts. 

• A folder, lined paper, pen, pencil, calculator, ruler, chromebook.