Economics

Key Contact:  Tom Crassweller – toc@gryphon.dorset.sch.uk

Syllabus Information:  AQA A Level Economics (7136)

Course Content

Year 12

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

Macroeconomics:

1. The measurement of macroeconomic performance
2. How the macroeconomy works: the circular flow of income and AD/AS analysis
3. Economic performance

Year 13

Microeconomics:

1. Perfect competition, imperfectly competitive markets and monopoly
2. The labour market
3. The distribution of income and wealth: poverty and inequality
4. The market mechanism, market failure and government intervention in markets

Macroeconomics:

1. Financial markets and monetary policy
2. Fiscal policy and supply-side policy
3. The international economy

Assessment

Students will complete a minimum of twelve assessment tasks in Year 12, and ten assessment tasks in 13 (per teacher). These tasks will be in the form of exam-style questions and essays. Students will sit three two-hour long exams at the end of Year 13.

Homework

Students will be set weekly homework tasks. These will include Seneca units, past exam questions, key definitions alongside further reading and independent work.

Useful information, links and resources

AQA A Level Economics Specification
AQA A Level Economics Textbook (very expensive and not compulsory)
Tutor2u A Level Economics Resources (not compulsory)