Exam Board: Edexcel


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This award is a two year A Level qualification.

Component 1: 

Introduction to markets and market failure

Component 2: 

The UK economy- performance and policies

Component 3: 

Business behaviour and the labour market

Component 4: 

A global perspective 


Paper 1 examines content from component 1 and component 3. This is done through a 2 hour written examination.

Paper 2 examines content from components 3 and 4. This is done though a 2 hour written examination.

Paper 3 examines content from all units. This is done through a 2 hour written examination. 


Component 1 

Includes: The economic problem, division of labour, demand and supply, elasticity, taxes and subsidies, externalities and market failure 

Component 2 

Includes: Government objectives, consumption, investment, balance of payments, fiscal and monetary policy, causes of growth, supply side policies 

Component 3 

Includes: Business objectives, costs/revenue/profit, market structures, competition policy, wage determination, government intervention 

Component 4 

Includes: Globalisation, financial markets, international competitiveness, exchange rates, measures of development, poverty, strategies to improve development


Economist, Investment Banker, Financial Analyst, Accountant, Journalist, Solicitor, International Development Consultant, stockbroker, actuary, trader, hedge fund manager 


Economics goes very well with Politics, Geography, English, Maths and Modern Foreign Languages. Economics is a social science and fits very well with any combination of subjects.