Switching to AQA: from Edexcel A

Markets and market failure

Markets and business behavior

Written exam

Written exam

2 hours

2 hours

80 marks (33.3% of A-level)

100 marks (35% of A-level)

National and international economy

The national and global economy

Written exam

Written exam

2 hours

2 hours

80 marks (33.3% of A-level)

100 marks (35% of A-level)

Economic principles and issues

Microeconomics and macroeconomics

Written exam

Written exam

2 hours

2 hours

80 marks (33.3% of A-level)

100 marks (30% 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

Multiple choice and short-answer questions, 25 marks

Students answer all questions.

Section B

Data response question, 50 marks

Students answer all questions.

Section C

Extended open-response questions, choice of one from two extended open-response questions, 25 marks.

Assesses microeconomics and questions will be drawn from the following themes:

• 1.1 Nature of economics
• 1.2 How markets work
• 1.3 Market failure
• 1.4 Government intervention
• 3.1 Business growth
• 3.2 Business objectives
• 3.3 Revenues, costs and profits
• 3.4 Market structures
• 3.5 Labour market
• 3.6 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

Multiple choice and short-answer questions, 25 marks.

Students answer all questions

Section B

Data response questions, 50 marks Students answer all questions

Section C

Extended open-response questions, 25 marks.

Choice of one from two extended open-response questions.

Assesses macroeconomics and questions will be drawn from the following themes:

• 2.1 Measures of economic performance
• 2.2 Aggregate demand (AD)
• 2.3 Aggregate supply (AS)
• 2.4 National income
• 2.5 Economic growth
• 2.6 Macroeconomic objectives and policies
• 4.1 International economies
• 4.2 Poverty and inequality
• 4.3 Emerging and developing economies
• 4.4 The financial sector
• 4.5 Role of the state in macroeconomy

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

Data response questions, 25 marks. Students answer all questions.

Open-response question, 25 marks.

Choice of one from two questions.

Section B

Data response questions, 25 marks.

Students answer all questions.

Open-response question, 25 marks.

Choice of one from two questions.

All A level content is assessed.