Sixth Form Entry Booklet

27 ▪ Does inflation matter? ▪ Will we be more prosperous outside the EU? These are the main topic areas covered in the first year of the 2-year A Level course: 1. Economic methodology and the economic problem 2. Price determination in a competitive market 3. The market mechanism, market failure and government intervention in markets 4. The measurement of macroeconomic performance 5. How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts 6. Economic performance 7. Macroeconomic policy 8. Behavioural Economics These are the main topic areas covered in the second year of the 2-year A Level course: 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 5. Financial markets and monetary policy 6. Fiscal policy and supply-side policies 7. The international economy The examinations are a combination of multiple-choice questions, data questions and written answers. Please consult the examination board’s website ( www.aqa.org.uk) for full details. Mr P Bastow