Switching to AQA: from OCR

Markets and market failure

Microeconomics

Written exam

Written exam

2 hours

2 hours

80 marks (33.3% of A-level)

80 marks (33.3% of A-level)

National and international economy

Macro economics

Written exam

Written exam

2 hours

2 hours

80 marks (33.3% of A-level)

80 marks (33.3% of A-level)

Economic principles and issues

Themes in economics

Written exam

Written exam

2 hours

2 hours

80 marks (33.3% of A-level)

80 marks (33.3% of A-level)

Section A

Data response questions, requiring written answers, choice of one from two contexts worth 40 marks

Section B

Essay questions, requiring written answers, choice of one from three, worth 40 marks

• 4.1 Individuals, firms, markets and market failure (microeconomics)
  • 4.1.1  Economic methodology and the economic problem
  • 4.1.2 Individual economic decision making
  • 4.1.3 Price determination in a competitive market
  • 4.1.4 Production, costs and revenue
  • 4.1.5 Perfect competition, imperfectly competitive markets and monopoly
  • 4.1.6 The labour market
  • 4.1.7 The distribution of income, wealth: poverty and inequality
  • 4.1.8 The market mechanism, market failure and government intervention in markets

Section A

Data response questions requiring written answers, all compulsory questions. 30 marks

Section B

Essay questions requiring written answers, choice of one from two essays worth 25 marks

Section C

Essay questions requiring written answers, choice of one from two essays worth 25 marks

• Microeconomics
  • Scarcity and choice
  • How competitive markets work
  • Competition and market power
  • Labour market
  • Market failure
  • and government intervention

Section A

Data response questions, requiring written answers, choice of one from two contexts worth 40 marks

Section B

Essay questions requiring written answers, choice of one from three worth 40 marks

4.2 The national and international economy (macroeconomics)

• 4.2.1 The measurement of macroeconomic performance
• 4.2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts
• 4.2.3 Economic performance
• 4.2.4 Financial markets and monetary policy
• 4.2.5 Fiscal policy and supply-side policy
• 4.2.6 The international economy

Section A

Data response questions requiring written answers, all compulsory questions. 30 marks

Section B

Essay questions requiring written answers, choice of one from two essays worth 25 marks

Section C

Essay questions requiring written answers, choice of one from two essays worth 25 marks

• Macroeconomics
• Economic policy objectives and indicators of   macroeconomic performance
• Aggregate demand and aggregate supply
• The application of policy instruments
• The global context
• The financial sector

Section A

Multiple choice questions worth 30 marks

Section B

Case study questions requiring written answers, worth 50 marks

All content from Papers 1 and 2 can be assessed in Paper 3

Section A

Multiple choice questions worth

30 marks

Section B

Data response questions worth 50 marks

The assessment of this component will be fully synoptic in nature and will draw on both the microeconomic and macroeconomic components.

Although there is no specific content prescribed within the assessment of this component, it is anticipated

that both the microeconomic and the macroeconomic subject content will be applied, as appropriate, in relation to a specific unseen theme.