250 – 300 Study Hours
Level 3 Difficulty
Up to 56 UCAS Points
AQA Qualification
Course Overview
All enrolments now will be for exams in Summer 2024 and beyond.
You will be required to complete the three standard written exams.
Official exams
- 2 hours, 33.3% of marks
- 2 hours, 33.3% of marks
- 2 hours, 33.3% of marks
We provide a guaranteed exam space in one of our exam centres around the Country, to take away the hassle of needing to find your own.
Assignments
During your course, you’ll be required to complete the following:
- 1 introductory assignment
- 10 assignments
These do not contribute towards your final grade but provide you with an opportunity to submit work to your tutor for marking and feedback. This will help you to gauge your progress as you work through the course.
Course Content
- Economic methodology
- The nature and purpose of economic activity
- Economic resources
- Consumer behaviour
- Imperfect information
- Bounded rationality
- Biases
- Behavioural economics and economic policy
- Demand and price
- Price, income and cross elasticities of demand
- Income elasticity of demand (YED)Composite and com
- Competitive supply
- Price elasticity of supply
- Production costs and revenue
- Law of diminishing returns
- Economies and diseconomies of scale
- Profit
- Barriers to entry
- Advantages and disadvantages of monopoly
- The competitive market process
- The Labour Market
- Influences upon the supply of labour
- Distribution of wealth
- Poverty
- Public goods, private goods and quasi-public goods
- Privatisation
- Subsidies
- Minimum and maximum prices
- Public ownership
- The national economy in a global context
- Inflation
- Unemployment
- The circular flow of income
- Aggregate demand and aggregate supply analysis
- The Keynesian LRAS Curve
- Economic performance and cycles
- Employment and unemployment
- Inflation and deflation
- Quantity theory of money
- Consequences of inflation
- The Phillips Curve
- Financial markets and monetary policy
- Commercial banks and investment banks
- Assets of commercial banks
- Credit creation
- Central banks and monetary policy
- The regulation of the financial system
- Bank failure and moral hazard
- Liquidity and capital ratios
- Systemic risk
- Fiscal policy and supply-side policies
- Progressive, regressive and proportional taxation
- Main taxes used in the UK
- Principles of taxation
- Public expenditure
- Supply-side policy
- Causes of globalisation
- Economic growth and development
- Paper 1
- Paper 2
- Paper 3

- Awarding body: AQA
- Our course code: X914W
The AQA qualifications are internationally recognised and taught in 30 countries around the world, highly valued by employers and universities and enable young people to progress to the next stage of their lives. AQA qualifications suit a range of abilities and include GCSEs, IGCSEs and A-levels.
Entry Requirements
A GCSE or equivalent qualification in economics or maths is recommended for this course.
Why Distance Learning?
With online A-level study, you’ll sit the same exams and earn the same qualifications as you would in a traditional school setting, but with the flexibility to study when and where it suits you.
Your final results and transcript will be identical to those of students who studied in a classroom, ensuring your A-levels are fully recognised and respected by colleges, universities, and employers worldwide. Whether you’re looking to broaden your subject choices, balance study with other commitments, or take control of your learning, distance learning gives you the freedom to achieve your academic goals on your terms.
Frequently Asked Questions
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