Switching to AQA: from Edexcel B

Markets and market failure

Markets and how they work

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

Competing in the global economy

Written exam

Written exam

2 hours

2 hours

80 marks (33.3% of A-level)

100 marks (35% of A-level)

AQA – A-level Economics

Edexcel – A-level Economics

Economic principles and issues

The economic environment and business

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

One data response question, 60 marks.

Section B

One extended open-response question, 20 marks.

Section C

One extended open-response question, 20 marks.

All questions are compulsory.

Assesses markets with questions drawn from the following themes:

• 1.1 Scarcity,   choice and potential conflicts
• 1.2 Enterprise,   business and the economy
• 1.3 Introducing the   market
• 1.4 The role of   credit in the economy
• 1.5 Market failure   and government intervention
• 1.6 Revenues,   costs, profits and cash
• 4.1 Competition and   market power
• 4.2 Market power   and market failure
• 4.3 Market failure   across the economy
• 4.4 Macroeconomic   policies and impact on firm and individuals
• 4.5 Risk and the   financial sector

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

One data response question, 60 marks

Section B

One extended open-response question, 20 marks.

Section C

One extended open-response question, 20 marks.

All questions are compulsory.

Assesses the global economic environment with questions drawn from the following themes:

• 2.1 Business growth   and competitive advantage
• 2.2 Firms,   consumers and elasticities of demand
• 2.3 Productive   efficiency
• 2.4 Life in a   global economy
• 2.5 The economic   cycle
• 2.6 Introduction to   macroeconomic policy
• 3.1 Globalisation
• 3.2 Economic   factors in business expansion
• 3.3 Impact of   globalisation on global companies
• 3.4 Impact of   globalisation on local and national economies
• 3.5 Global labour   markets
• 3.6 Inequality and   redistribution

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 question, 50 marks.

Section B

Data response question, 50 marks.

All questions are compulsory.

Assesses the full A-level content.