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Economics A Level (Distance Learning) at National Extension College *Fees Payable*

Course description



Economics is an all-encompassing subject that plays a role in every aspect of modern life. Political, business and environmental decisions all hinge on economics to some extent. This distance learning A level will familiarise you with the processes that lead to these decisions being made and bring you up to speed on the latest economic theories and practices affecting how the world works. Providing an excellent foundation for anyone wishing to study a business-related topic or work in areas such as banking, insurance or trading, this home study A level will open up the thought-provoking world of economics and encourage you to form opinions on how the world works and how things could potentially be done better.


You should allow for between 250 and 300 hours' study time, plus additional time for completing assignments. You will have tutor support for a period of up to 18 months from the date of enrolment.

Course content

Unit 1: Competitive markets – how they work and why they fail

  • What is the nature of economics?
  • Demand for goods or services
  • Supply of goods and services
  • Price of goods and services
  • Changes in price
  • Wage rates for labour
  • Causes of market failure
  • Government attempts to correct market failure
  • Government failure

Unit 2: Managing the economy

  • Measuring economic performance
  • Income and wealth
  • Aggregate demand
  • Aggregate supply
  • Price level and equilibrium level of real output
  • Causes, costs and constraints of economic growth
  • Macroeconomic objectives of governments
  • Macroeconomic policy instruments
  • Conflicting macroeconomic policies

Unit 3: Business economics and economic efficiency

  • Firms and their objectives
  • Firms and growth
  • Calculating revenue
  • Calculating costs
  • Productive and allocative efficiency
  • Types of profit
  • Barriers to market entry and exit
  • Market concentration
  • Behaviour of firms
  • The threat of competition
  • Government intervention to maintain market competition

Unit 4: The global economy

  • Causes and effects of globalisation
  • Why trade?
  • Recording and financing international trade
  • How does a country compete?
  • Poverty and inequality in developed and developing countries
  • Growth and development in developed and developing countries
  • The state and promoting growth and development
  • Other measures to promote growth and development

Entry requirements

GCSE economics is useful, but not required for this course.


This course follows specifications 8EC01 (AS) and 9EC01 (A2) from the awarding organisation Edexcel. Full details of the specifications can be obtained from the Edexcel website.

Four exams: 2hrs (30% of marks), 1hr30m (25% of marks), 1hr30m (25% of marks) and 1hr30m (20% of marks).

Six AS assignments, eight A2 assignments
No coursework

Please note that due to upcoming changes the final opportunity to sit exams for this course isSummer 2016.

Financial information



It’s your choice: pay in full and discount your course fees, or spread the cost with our finance offer. To pay in instalments, you will need to enrol by telephone.

Representative examples:

For the full A level
Course fee:   £545
Deposit:  £54.50
Amount of credit:   £490.50
Monthly payment:  £81.75
Duration of agreement:  6 months
Total repayable:  £545
Rate of interest:  0%(fixed)
0% APR representative.  
For AS level or A2 level
Course fee:  £325
Deposit:   £32.50
Amount of credit: £292.50 
Monthly payment:   £48.75
Duration of agreement:  6 months
Total repayable:   £325
Rate of interest:  0% (fixed)
0% APR representative.  
For enrolments in the UK there are no additional postage and packing charges. For enrolments outside of the UK the following postage and packing charges apply:


  • EU – £75 for the first course and £40 for second and subsequent courses
  • Rest of the world – £130 for the first course and £70 for second and subsequent courses

Further information

Essential textbooks


  • Anderton, A., A level Economics for Edexcel, 5th edition, Pearson Education, 2008


How to apply

If you want to apply for this course, you will need to contact National Extension College *Fees Payable* directly.

Last updated date: 02 June 2015
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Key information

Contact details

    • Contact name:
    • Course and Fee Enquiries
    • Contact telephone number:
    • 08003892839
    • Email address:


  • More information

      This means you can study from anywhere!

      Further details of where you can sit any examinations are included in the Assessment section of each course.

      Please note that fees are payable for the National Extension College's courses.