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AS & A Level Economics Textbooks

Economics AS and A Level will be taught from 2015, with AS first being awarded and 2016 and A Level in 2017.

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Jump to: AS & A Level Year 1 - A Level Year 2 - AS/A Level - Revision

AS & A Level Year 1:

A Level Year 2:

AS & A Level:



Digital Products


Core Content

Below are key points from the government document on AS & A Level Economics.

Specifications in economics must:

  • provide a coherent combination of micro-economic and macro-economic content, drawing on local, national and global context
  • foster the appreciation of economic concepts and theories in a range of contexts and develop a critical consideration of their value and limitations in explaining real-world phenomena
  • develop an understanding of economic concepts and theories through a critical consideration of current economic issues, problems and institutions that affect everyday life
  • develop analytical and quantitative skills in selecting, interpreting and using appropriate data from a range of sources
  • explain, analyse and evaluate the strengths and weaknesses of the market economy and the role of government within it
  • develop a critical approach to economic models of enquiry, recognising the limitations of the economic models

Students must be required to:

  • understand micro-economic and macro-economic market models; use the models to explore current economic behavious; make casual connections; and develop an understanding of how the models shed light on the economy as a whole
  • be aware of the assumptions of the model of supply and demand; explain the way it works using a range of techniques; and use the model to describe, predict and analyse economic behaviour
  • develop an understanding of the benefits of markets and the reasons why they may fail; understand the implications of market failure for individuals, firms and government, and recognise the possibility of government failure
  • use the aggregate demand/aggregate supply (AD/AS) model and data to understand why supply-side and/or demand-side policies may be seen as appropriate ways of managing an economy
  • consider the possible impact of macro-economic policies; recognise the issues government faces in managing the macro-economy; argue for different approaches; and identify criteria for success and evaluate effectiveness
  • develop the ability to apply and evaluate economic models as represented in writter, numerical and graphical forms
  • develop an understanding of the role and impact of the financial sector (A)
  • recognise the assumptions, relationships and linkages of the possible impacts of macro-economic policies (A)
  • apply and evaluate economic concepts, theories, methods and models to a wider range of contexts