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Economics AS/A2 Level at Havelock Academy

Course description



Economics has become high profile. The credit crunch, bankers’ bonuses and fears of a Euro meltdown are just three topics rarely out of the news in recent years, throwing a light on the importance of and divisions within the discipline.


Course content


For the AS level exams, students will study the following topics.

The operation of markets and market failure:

• economic methodology and the economic problem

• price determination in a competitive market

• production, costs and revenue

• competitive and concentrated markets

• the market mechanism, market failure and government intervention in markets.

The national economy:

• the measurement of macroeconomic performance

• how the macro economy works: the circular flow of income, AD/AS analysis, and related concepts

• economic performance

• macroeconomic policy.


For the A-level, students will study all of the topics shown for the AS, plus

the following:

Individuals, firms, markets and market failure:

• individual economic decision making

• perfect competition, imperfectly competitive markets and monopoly

• the labour market

• the distribution of income and wealth: poverty and inequality.

The national and international economy:

• financial markets and monetary policy

• fiscal policy and supply-side policies

• the international economy.


Entry requirements


Minimum 5 GCSE passes at grades A*-C, including English and maths




Minimum 5 GCSE passes at grades A*-C, including English and maths.


Future opportunities



There are literally thousands of Economics and Business-related degree courses at university, including, Marketing, Event Management, Finance, Human Resources and Economics, these are generally BA (Hons) courses.


How to apply

If you want to apply for this course, you will need to contact Havelock Academy directly.

Last updated date: 03 June 2015

Key information

  • Start date: Next September
  • Duration: 1 - 2 Years