The course will follow the current Cambridge International Exam (CIE) 9708 specifications.
The course will be based on the textbooks recommended for the CIE A Levels.
This specification is well-regarded among colleges and universities as it is well-rounded, allowing learners to have a grasp of key topics giving a firm basis from which to springboard into university studies and beyond.
1. Basic economic ideas and resource allocation
- Scarcity, choice and opportunity cost
- Positive and normative statements
- Factors of production
- Resource allocation in different economic systems and issues of transition
- Production possibility curves
- Money
- Classification of goods and services
2. The price system and the micro economy
- Demand and supply curves
- Price elasticity, income elasticity and cross-elasticities of demand
- Price elasticity of supply
- Interaction of demand and supply
- Market equilibrium and disequilibrium
- Consumer and producer surplus
3. Government microeconomic intervention
- Maximum and minimum prices
- Taxes (direct and indirect)
- Subsidies
- Transfer payments
- Direct provision of goods and services
- Nationalisation and privatisation
4. The macro economy
- Aggregate Demand and Aggregate Supply analysis
- Inflation
- Balance of payments
- Exchange rates
- The terms of trade
- Principles of absolute and comparative advantage
- Protectionism
5. Government macro intervention
- Types of policy: fiscal, monetary and supply side policy
- Policies to correct balance of payments disequilibrium
- Policies to correct inflation and deflation
a level economics components
No textbook is mandatory as all required reading material will be provided. However, if you wish to purchase a textbook, the following is recommended:
Cambridge International AS & A Level Economics Coursebook, by Colin Bamford and Susan Grant
It is the parents’ responsibility to arrange their child’s examinations; our teachers will provide all the support required. Most students will sit their examination papers at a school or college who accept private candidates. Some students sit their examinations at private examination centres.
If you are intending to study A Level Economics, we recommend that you spend some time in the summer holidays preparing. Here are some suggested activities:
Watch:
YouTube video – Macroeconomics- Everything You Need to Know
YouTube video – Microeconomics – Everything You Need to Know
Documentary on YouTube – The End of Poverty
Documentary on YouTube – Karl Marx and Marxism
Read:
Article from The Economist – Economists are turning to culture to explain wealth and poverty
Article from The Economist – What harm do minimum wages do?
What do students gain from the A Level Economics online course?
The A Level Economics online course by Cambridge provides students with an in-depth understanding of how modern economies function. It equips them with lifelong skills and lays a strong foundation for higher studies, such as a university degree.
What is the syllabus for the Economics A Level online course?
The course adheres to the Cambridge International Exam (CIE) 9708 specifications. The curriculum is based on recommended textbooks for CIE A Levels and is designed to give learners a well-rounded understanding of key economic principles and issues.
What is the assessment process for the online Economics A Level?
In the sixth form, students are expected to complete at least one homework assignment for each subject every week. In addition, Level 5 internal assessments take place in June, and Level 6 internal mock assessments occur in November and March. Reports are generated twice a year to evaluate students’ performance and progress.
How can parents track progress in the Economics A Level online course?
Parents can use their family Teams account to stay in constant communication with teachers about their child’s progress. This method offers more in-depth tracking compared to a single annual consultation evening, thereby aiding in better student performance.
What makes this Economics A Level course well-regarded among colleges and universities?
The Cambridge A Level Economics syllabus is highly valued and well-regarded because it provides a comprehensive understanding of key economic topics. This makes it an excellent foundation for students planning to progress to a university degree and beyond.