Welcome to A level economics - the contents are designed around the AQA AS and A2 specifications but are useful for anyone studying economics. If you are studying for the AQA A Level you may be taking all the AS units in the first year and the A2 units in the second year, or taking AS and A2 simultaneously. I have prefixed each topic with AS or A2 so you know which pages are or are not necessary for your particular course.

THE OPERATION OF MARKETS AND MARKET FAILURE

AS Economic methodology
AS The nature and purpose of economic activity
AS Economic resources
AS Scarcity, choice and the allocation of resources
AS Production possibility diagrams

A2 Individual economic decision making

PRICE DETERMINATION IN A COMPETITIVE MARKET

AS The determinants of the demand for goods and services
AS Price, income and cross elasticities of demand
AS The determinants of the supply of goods and services
AS Price elasticity of supply
AS The determination of equilibrium market prices
AS The interrelationship between markets
AS Production and productivity
AS Specialisation, division of labour and exchange

A2 Consumer behaviour
A2 Imperfect information
A2 Aspects of behavioural economic theory
A2 Behavioural economics and economic policy


PRODUCTION, COSTS AND REVENUE

AS Costs of production
AS Economies and diseconomies of scale
AS Average revenue, total revenue and profit

A2 The law of diminishing returns and returns to scale
A2 Marginal, average and total revenue
A2 Profit
A2 Technological change


COMPETITIVE AND CONCENTRATED MARKETS

AS Market structures
AS The objectives of firms
AS Competitive markets
AS Monopoly and monopoly power
AS The competitive market process

A2 Perfect competition
A2 Monopolistic competition
A2 Oligopoly
A2 Monopoly and monopoly power
A2Price discrimination
A2 The dynamics of competition and competitive market processes
A2 Contestable and non-contestable markets
A2 Market structure, static efficiency, dynamic efficiency and resource allocation
A2 Consumer and producer surplus

THE MARKET MECHANISM, MARKET FAILURE AND GOVERNMENT INTERVENTION IN MARKETS

AS How markets and prices allocate resources
AS The meaning of market failure
AS Public goods, private goods and quasi-public goods
AS Positive and negative externalities in consumption and production
AS Merit and demerit goods
AS Market imperfections
AS An inequitable distribution of income and wealth
AS Government intervention in markets
AS Government failure

THE LABOUR MAKET (A2 only)

The demand for labour, marginal productivity theory
Influences upon the supply of labour to different markets
The determination of relative wage rates and levels of employment in perfectly competitive labour markets
The determination of relative wage rates and levels of employment in imperfectly competitive labour markets
The Influence of trade unions in determining wages and levels of employment
The National Minimum Wage
Discrimination in the labour market
The distribution of income and wealth: poverty and inequality
The distribution of income and wealth
The problem of poverty
Government policies to alleviate poverty and to influence the distribution of income and wealth
Public ownership, privatisation, regulation and deregulation of markets

THE NATIONAL ECONOMY IN A GLOBAL CONTEXT

AS The measurement of macroeconomic performance
AS The objectives of government economic policy
AS Macroeconomic indicators
AS Uses of index numbers
A2 Uses of national income data

HOW THE MACROECONOMY WORK:THE CIRCULAR FLOW OF INCOME, AGGREGATE DEMAND SUPPLY ANALYSIS AND RELATED CONCEPTS

AS The circular flow of income
AS The determinants of aggregate demand
AS Aggregate demand and the level of economic activity
AS Determinants of short-run aggregate supply
AS Determinants of long-run aggregate supply
A2 Determinants of long-run aggregate supply

ECONOMIC PERFORMANCE

AS Economic growth and the economic cycle
A2 Economic growth and the economic cycle
AS Employment and unemployment
A2 Employment and unemployment
AS Inflation and deflation
A2 Inflation and deflation
AS Possible conflicts between macroeconomic policy objectives
A2 Possible conflicts between macroeconomic policy objectives

MACROECONOMIC POLICY

AS Monetary policy
AS Fiscal policy
AS Supply-side policies

A2 The structure of financial markets and financial assets
A2 Commercial banks and investment banks
A2 Central banks and monetary policy
A2 The regulation of the financial system

A2 Fiscal policy and supply-side policies
A2 Fiscal Policy
A2 Supply-side Policy

A2 THE INTERNATIONAL ECONOMY

A2 Globalisation
A2 The balance of payments
A2 Exchange rate systems
A2 Economic growth and development