Unit Award Scheme

120404 ECONOMICS (UNIT 5): SUPPLY AND DEMAND PART ONE

In successfully completing this unit, the Learner will have		Evidence needed
shown knowledge of
1	the definition of the term ‘market’ in economics	Summary sheet and/or student completed work
2	the key definitions of supply and demand	Summary sheet and/or student completed work
demonstrated the ability to
3	identify three examples of different markets in the economy	Summary sheet and/or student completed work
4	list at least two possible determinants of supply for a given product or products	Summary sheet and/or student completed work
5	list at least two possible determinants of demand for a given product or products.	Summary sheet and/or student completed work

All outcomes recorded on an AQA Summary Sheet

Approved 12 February 2024Level - Level One