Economics A-Level Part 1

Understand the forces shaping global markets, governments and everyday decisions with this thought-provoking subject. The course explores how individuals, businesses and governments make choices in a world of limited resources. You will examine key topics such as supply and demand, inflation, market structures, international trade and government policy — building a clear understanding of how economic systems function and evolve. This qualification can deepen your theoretical and practical economic knowledge and sharpen your skills in critical thinking, analysis and evaluation.

The course consists of:

Theme 1: Markets and Market Failure: This theme covers supply and demand, elasticity, consumer and producer behaviour, externalities, public goods, and information problems.

Theme 2: UK Economy: This theme includes GDP, inflation, unemployment, and macroeconomic policy (fiscal, monetary, and supply-side).

Theme 3: Business Behaviour & Labour Markets: This theme focuses on costs, revenue, market structures, and wage determination.

Theme 4: Global Economics: This theme addresses trade, exchange rates, balance of payments, development, and modern trends like deglobalisation.

Entry Requirements: Level 2 English and Maths

Format of Course Materials: Paper-based

Assignments: Five written assignments

Exams: Two – invigilated, closed book exams (75 minutes each)

Prison Support Requirements: Facilitate tutor support via email. This often requires scanning learner assignments and email them to their tutor. Co-ordinate with NEC to arrange and facilitate exams.

Tutor Support: Yes

What’s Next? Economics A-Level Part 2

Find Out More: From NEC here

Economics A-Level Part 1

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