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  1. AS Level
  3. Economics AQA

Economics

Spec 7135

Free AQA AS Level Economics revision: past papers from 2017–2025 with mark schemes.

1 Individuals, firms, markets and market failure

1.1 Economic methodology and the economic problem

1.3 Price determination in a competitive market

1.4 Production, costs and revenue

1.5 Perfect competition, imperfectly competitive markets and monopoly

1.8 The market mechanism, market failure and government intervention in markets

2 The national and international economy

2.1 The measurement of macroeconomic performance

2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts

2.3 Economic performance

2.5 Fiscal policy and supply-side policies

Assessment at a glance

AssessmentFormatDurationMarksWeighting
Paper 1: The operation of markets and market failureWritten exam1h 30m70 marks50%
Paper 2: The national economy in a global contextWritten exam1h 30m70 marks50%

Course aims & skills

AQA AS Level Economics builds the skills examiners reward. By the end of the course you should be able to:

  • interpret and analyse economic data
  • apply supply and demand models to real markets
  • evaluate the effectiveness of government intervention
  • construct and interpret economic diagrams
  • calculate and interpret elasticities and other economic measures
  • analyse macroeconomic policy trade-offs
  • evaluate competing economic arguments using qualitative and quantitative evidence
  • communicate a sustained, logically structured line of economic argument

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