The AQA A-Level Economics specification is divided into two main areas: microeconomics and macroeconomics. This guide breaks down the specification by theme and topic, linking each area to relevant revision guides, articles, podcasts, and videos to support effective revision. Use the tables below as a revision checklist to track your progress, identify gaps in your knowledge, and access resources tailored specifically to Pearson Edexcel A-Level Economics B students.
| 1 | Individuals, Firms, Markets and Market Failure | ||
| 1.1 | Economic Methodology and the Economic Problem | Video | |
| 1.1.1 | Economic Methodology | ||
| 1.1.2 | The Nature and Purpose of Economic Activity | ||
| 1.1.3 | Economic Resources | ||
| 1.1.4 | Scarcity, Choice and the Allocation of Resources | ||
| 1.1.5 | Production Possibility Diagrams | ||
| 1.2 | Individual Economic Decision Making | Video | |
| 1.2.1 | Consumer Behaviour | ||
| 1.2.2 | Imperfect Information | ||
| 1.2.3 | Aspects of Behavioural Economic Theory | ||
| 1.2.4 | Behavioural Economics and Economic Policy | ||
| 1.3 | Price Determination in a Competitive Market | ||
| 1.3.1 | The Determinants of the Demand for Goods and Services | ||
| 1.3.2 | Price, Income and Cross Elasticities of Demand | ||
| 1.3.3 | The Determinants of the Supply of Goods and Services | ||
| 1.3.4 | Price Elasticity of Supply | ||
| 1.3.5 | The Determination of Equilibrium Market Pricess | ||
| 1.3.6 | The Interrelationship Between Markets | ||
| 1.4 | Production, Costs and Revenue | ||
| 1.4.1 | Production and Productivity | ||
| 1.4.2 | Specialisation, Division of Labour and Exchange | ||
| 1.4.3 | The Law of Diminishing Returns and Returns to Scale | ||
| 1.4.4 | Costs of Production | ||
| 1.4.5 | Economies and Diseconomies of Scale | ||
| 1.4.6 | Marginal, Average and Total Revenue | ||
| 1.4.7 | Profit | ||
| 1.4.8 | Technological Change | ||
| 1.5 | Perfect Competition, Imperfectly Competitive Markets and Monopoly | ||
| 1.5.1 | Market Structures | ||
| 1.5.2 | The Objectives of Firms | ||
| 1.5.3 | Perfect Competition | ||
| 1.5.4 | Monopolistic Competition | ||
| 1.5.5 | Oligopoly | ||
| 1.5.6 | Monopoly and Monopoly Power | ||
| 1.5.7 | Price Discrimination | ||
| 1.5.8 | The Dynamics of Competition and Competitive Market Processes | ||
| 1.5.9 | Contestable and Non-Contestable Markets | ||
| 1.5.10 | Market Structure, Static Efficiency and Resource Allocation | ||
| 1.5.11 | Consumer and Producer Surplus | ||
| 1.6 | The Labour Market | ||
| 1.6.1 | The Demand for Labour, Marginal Productivity Theory | ||
| 1.6.2 | Influences Upon the Supply of Labour to Different Markets | ||
| 1.6.3 | Levels of Employment in Perfectly Competitive Labour Markets | ||
| 1.6.4 | Levels of Employment in Imperfectly Competitive Labour Markets | ||
| 1.6.5 | The Influence of Trade Unions in Levels of Employment | ||
| 1.6.6 | The National Minimum Wage | ||
| 1.6.7 | Discrimination in the Labour Market | ||
| 1.7 | The Distribution of Income and Wealth | ||
| 1.7.1 | The Distribution of Income and Wealth | ||
| 1.7.2 | The Problem of Poverty | ||
| 1.7.3 | Government Policies to Alleviate Poverty | ||
| 1.8 | The Market Mechanism, Market Failure and Government Intervention | ||
| 1.8.1 | How Markets and Prices Allocate Resources | ||
| 1.8.2 | The Meaning of Market Failure | ||
| 1.8.3 | Public Goods, Private Goods and Quasi-Public Goods | ||
| 1.8.4 | Positive and Negative Externalities in Consumption and Production | ||
| 1.8.5 | Merit and Demerit Goods | ||
| 1.8.6 | Market Imperfections | ||
| 1.8.7 | Competition Policy | ||
| 1.8.8 | Public Ownership, Privatisation, Regulation and Deregulation of Markets | ||
| 1.8.9 | Government Intervention in Markets | ||
| 1.8.10 | Government Failure | ||
| 2 | The National and International Economy | ||
| 2.1 | The Measurement of Macroeconomic Performance | ||
| 2.1.1 | The Objectives of Government Economic Policy | ||
| 2.1.2 | Macroeconomic Indicators | ||
| 2.1.3 | Uses of Index Numbers | ||
| 2.1.4 | Uses of National Income Data | ||
| 2.2 | How the Macroeconomy Works | ||
| 2.2.1 | The Circular Flow of Income | ||
| 2.2.2 | Aggregate Demand and Aggregate Supply Analysis | ||
| 2.2.3 | The Determinants of Aggregate Demand | ||
| 2.2.4 | Aggregate Demand and the Level of Economic Activity | ||
| 2.2.5 | Determinants of Short-Run Aggregate Supply | ||
| 2.2.6 | Determinants of Long-Run Aggregate Supply | ||
| 2.3 | Economic Performance | ||
| 2.3.1 | Economic Growth and the Economic Cycle | ||
| 2.3.2 | Employment and Unemployment | ||
| 2.3.3 | Inflation and Deflation | ||
| 2.3.4 | Possible Conflicts Between Macroeconomic Policy Objectives | ||
| 2.4 | Financial Markets and Monetary Policy | ||
| 2.4.1 | The Structure of Financial Markets and Financial Assets | ||
| 2.4.2 | Commercial Banks and Investment Banks | ||
| 2.4.3 | Central Banks and Monetary Policy | ||
| 2.4.4 | The Regulation of the Financial System | ||
| 2.5 | Fiscal Policy and Supply-Side Policies | ||
| 2.5.1 | Fiscal Policy | ||
| 2.5.2 | Supply-Side Policies | ||
| 2.6 | The International Economy | ||
| 2.6.1 | Globalisation | ||
| 2.6.2 | Trade | ||
| 2.6.3 | The Balance of Payments | ||
| 2.6.4 | Exchange Rate Systems | ||
| 2.6.5 | Economic Growth and Development |
