Cambridge International AS and A Level Economics expands on the abilities gained at Cambridge IGCSE (or identical) level. The schedule incorporates the principle hypothetical ideas which are central to the subject, an area on some present uses of science, and a solid accentuation on cutting edge commonsense abilities. Down to earth aptitudes are evaluated in a timetabled functional examination. By the help of our experineced A-Level and AS-Level teachers, you save time with the courses prepared to increase your grades in short time. You will also get high scores in the final exam thanks to the A-Level Economics prep course with our professional trainers.
Through the Cambridge International AS and A Level Economics schedule, students think about how to clarify and investigate financial issues and contentions, assess monetary data, and sort out, present and convey thoughts and decisions obviously.
Test Prep’s A Level Economics Courses
The prospectus covers a scope of fundamental financial thoughts, including a prologue to the value framework and government intercession, worldwide exchange and trade rates, the estimation of work and expansion, and the causes and outcomes of swelling. Students additionally consider the value framework, the hypothesis of the firm, showcase disappointment, macroeconomic hypothesis and strategy, and monetary development and advancement.
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1 Basic economic ideas and resource allocation |
all candidates study these aS level topics
• Scarcity, choice and opportunity cost • Positive and normative statements • Factors of production • Resource allocation in different economic systems and issues of transition • Production possibility curves • Money • Classification of goods and services |
a level candidates also study these additional topics
• Efficient resource allocation • Externalities and market failure • Social costs and benefits; cost-benefit analysis |
| 2 The price system and the micro economy | • Demand and supply curves
• Price elasticity, income elasticity and cross-elasticities of demand • Price elasticity of supply • Interaction of demand and supply • Market equilibrium and disequilibrium • Consumer and producer surplus |
• Law of diminishing marginal utility
• Indifference curves • Budget lines • Types of cost, revenue and profit, short-run and long-run production • Different market structures • Growth and survival of firms • Differing objectives of a firm |
| 3 Government microeconomic intervention | • Maximum and minimum prices
• Taxes (direct and indirect) • Subsidies • Transfer payments • Direct provision of goods and services • Nationalisation and privatisation |
• Policies to achieve efficient resource allocation and correct market failure
• Equity and policies towards income and wealth redistribution • Labour market forces and government intervention: – Demand and supply of labour – Wage determination in perfect markets – Wage determination in imperfect markets • Government failure in microeconomic intervention |
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4 The macro economy |
• Aggregate Demand and Aggregate Supply analysis • Inflation • Balance of payments • Exchange rates • The terms of trade • Principles of absolute and comparative advantage • Protectionism |
• Economic growth, economic development and sustainability • National Income statistics • Classification of countries • Employment/unemployment • The circular flow of income • Money supply (theory) • Keynesian and Monetarist schools • The demand for money and interest rate determination • Policies towards developing economies; policies of trade and aid |
| 5 Government macro intervention | • Types of policy: fiscal, monetary and supply side policy
• Policies to correct balance of payments disequilibrium • Policies to correct inflation and deflation |
• Government macro policy aims
• Inter-connectedness of problems • Effectiveness of policy options to meet all macroeconomic objectives |
All information about the exam can be found on the Cambridge web pages which is the official test maker. You can contact us for more detailed information about our exam and courses. You can also visit our Test Prep offices. You can prepare for all A Level Economics exams with us. In this way, you save both time and increase your econ score in a short time with the active course schedule. Our A Level Economics Courses, which we offer professionally, enable students to achieve the best scorecards and are very successful in this regard.