A Level Economics

About this A Level Economics Course

Throughout this Economics A Level course you will study a number of units designed to examine the various economic markets in the UK and around the globe. With a number of economic principles explained, students of this course will begin to understand the labour market as well as various business behaviours that impact economic growth. Once completed, this course can help to secure jobs in an economics based role as well as facilitate progression on to further study at university.

To get the full Edexcel Economics A Level, students must enter themselves as a private candidate for the exam.

Qualification

The Edexcel A Level Economics qualification is available both in the UK and internationally and is seen as a global standard for knowledge in business. The course is accredited with Edexcel, an industry leader with decades of expertise in academic qualifications. For more information regarding Edexcel, click on the Edexcel tab further up this page.

Course Content

Included in this A Level Economics course are the following units:

Theme 1: Introduction to markets and market failure

Theme 1 introduces economics as a social science and will explain why it is considered a social science. The theme also allows you to address what drives consumer behaviour; are we rational in our choices or irrational? We will then review why markets and sometimes governments fail and look at the interventions that can be used to resolve market failures.

This theme focuses on microeconomic concepts. Students will develop an understanding of:

• Nature of economics
• How markets work
• Market failure
• Government intervention

Theme 2: The UK economy – performance and policies

In this unit, we will explore macroeconomic performance and the ways it can be measured by looking at economic growth, unemployment and inflation. This theme also looks at how consumption can be divided and what affects consumption, including rates of interest.

This theme focuses on macroeconomic concepts. Students will develop an understanding of:

• Measures of economic performance
• Aggregate demand
• Aggregate supply
• National income
• Economic growth
• Macroeconomic objectives and policy

Theme 3: Business behaviour and the labour market

In this theme, we will start by focusing on how small companies can survive in markets dominated by larger companies whilst considering the barriers to entry which stop new companies entering the market, including the high costs of setting up a business and the pricey advertising established companies can use to promote their products. Finally, the theme will consider how the government can help the economy with the use of interventions which aim to get customers a fair price for quality goods and protect suppliers from exploitation as well as ensure workers are paid an appropriate wage rate.

This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of:

• Business growth
• Business objectives
• Revenues, costs and profits
• Market structures
• Labour market
• Government intervention

Theme 4: A global perspective

The final theme of this course begins by defining globalisation and assessing what drives it. The theme also considers why trading blocs are put in place by countries and also consider the problem they can cause with regards to welfare gains. Finally, how government policies can reduce poverty and other problems will be considered whilst we also acknowledge the difficulties in making policies due to incorrect information and other problems.

This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of:

• International economics
• Poverty and inequality
• Emerging and developing economies
• The financial sector
• Role of the state in the macroeconomy

Online study and instant enrolment

All of our students are given access to our Online Campus through their own personal login and password. As soon as you complete your enrolment, you would have immediate access to your account which allows you to make a start working through the lessons. Tackle your assignments as your own pace and contact your tutor to access any help and support you need. The course itself is set out in a very simple layout, making it easy to work through the topics and complete your assessments.

Our Online Campus includes:

• Instant enrolment – access everything on your course from the moment you enrol.
• Personal account logins – login any time, 24/7.
• Full support throughout – message your tutor, use our online chat or give us a call.
• Online assignment submissions – upload work online from the comfort of home.
• Self-led learning – study at your own pace so you can pass much faster.
• Safe e-portfolio system – store all of your work in your account.
• Progression tracking – easily see what assignments you have left to complete.
• Details help centre – get instructions and guidance every step of the way.
• Unlimited attempts – submit as many attempts at your assignments as you need.

Unlimited assessment submissions

All of the assessments for this course are completed through our Online Campus. You can attempt each one as many times as needed to ensure you pass. After every attempt, your tutor will provide detailed feedback and tips on how you can improve going forward. Quickly see your progress during your studies by checking your progress bar and seeing the remaining assessments you need to complete.

On this Economics A Level course you are required to enter yourself for the Edexcel examinations. This means that you will need to contact an Edexcel centre local to you in order to sit your exam and pay any fees that are required for this. Exam fees can vary between centres but are much cheaper when organised early so we advise to book your exams long before the actual examination date.

Get full tutor support

Throughout your enrolment with the Online Learning College, you can access support at any time you need. All students are assigned a personal tutor who will mark all of your work and provide detailed feedback after every submission. Your tutor will be an industry expert with a full knowledge of the course content and will be able to help you at any point along your learning journey. One of the best tools at your disposal is your tutor – you can ask as many questions of them as you wish to and they will be happy to help at any time.

We also have a brilliant support team on hand and available through email, online chat and over the phone. This team is there to help with any questions which are more generic, such as providing support in submitting work through your account or getting your certificate when you have completed your course. We price ourselves on ensuring the support you receive is the best in the business – help and guidance is fast and detailed every time you contact a member of the team.

Enrolment Length

All of our courses are allocated plenty of time for students to complete their studies and all materials are self-led so that you can complete the course at your own pace, but you have access to the course on the Campus for 24 months from your enrollment date. Should you require additional time on one of our courses you can extend your enrolment by 30 days for an additional fee of £60. As well as this we operate a 14 day money back guarantee on every one of our qualifications- that’s how confident we are of how you will love studying with us!