CCEA
Level 3
QN: 601/8377/9
Curriculum Active
CCEA Level 3 Advanced GCE in Economics
Official qualification regulated by Ofqual, awarded by CCEA. Classified as a GCE A Level.
Qualification Level
Level 3
Awarding Body
CCEA
Syllabus Units
4 Units
Guided Hours
Flexible
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Market Structures and Business Behaviour
Labour Markets
Verified
Key Learning Objectives:
- Explain demand and supply of labour
- Analyse wage determination
- Evaluate the impact of trade unions and minimum wage
2
Market Structures and Business Behaviour
Monopolistic Competition
Verified
Key Learning Objectives:
- Describe characteristics of monopolistic competition
- Explain short-run and long-run equilibrium
- Compare with perfect competition
3
Market Structures and Business Behaviour
Contestable Markets
Verified
Key Learning Objectives:
- Define contestable markets
- Explain the role of sunk costs
- Evaluate implications for pricing and efficiency
4
Market Structures and Business Behaviour
Perfect Competition
Verified
Key Learning Objectives:
- Describe characteristics of perfect competition
- Explain short-run and long-run equilibrium
- Evaluate efficiency in perfect competition
5
Market Structures and Business Behaviour
Monopoly
Verified
Key Learning Objectives:
- Describe characteristics of monopoly
- Explain price and output decisions
- Evaluate the costs and benefits of monopoly
6
Market Structures and Business Behaviour
Oligopoly
Verified
Key Learning Objectives:
- Describe characteristics of oligopoly
- Explain interdependence and game theory
- Evaluate collusion and price wars
7
Markets and Prices
Scarcity, Choice and Opportunity Cost
Verified
Key Learning Objectives:
- Define scarcity, choice and opportunity cost
- Explain the basic economic problem
- Apply opportunity cost to decision making
8
Markets and Prices
Price Elasticity of Demand and Supply
Verified
Key Learning Objectives:
- Calculate price elasticity of demand and supply
- Interpret elasticity values
- Explain determinants of elasticity
9
Markets and Prices
Income and Cross Elasticity of Demand
Verified
Key Learning Objectives:
- Calculate income elasticity of demand
- Calculate cross elasticity of demand
- Classify goods as normal, inferior, substitutes or complements
10
Markets and Prices
Demand and Supply
Verified
Key Learning Objectives:
- Explain the law of demand and supply
- Draw and interpret demand and supply curves
- Analyse shifts and movements along curves
11
Markets and Prices
Government Intervention to Correct Market Failure
Verified
Key Learning Objectives:
- Describe methods of government intervention
- Evaluate the effectiveness of intervention
- Analyse regulation, taxation, subsidies, and tradable permits
12
Markets and Prices
Market Failure
Verified
Key Learning Objectives:
- Define market failure
- Identify types of market failure
- Explain externalities, public goods, information asymmetry
13
Markets and Prices
Consumer and Producer Surplus
Verified
Key Learning Objectives:
- Define consumer and producer surplus
- Illustrate surplus on a diagram
- Explain how changes in price affect surplus
14
Markets and Prices
Indirect Taxes and Subsidies
Verified
Key Learning Objectives:
- Analyse the impact of indirect taxes on markets
- Analyse the impact of subsidies on markets
- Evaluate the incidence of tax and subsidy
15
The Distribution of Income and Wealth
Income and Wealth Inequality
Verified
Key Learning Objectives:
- Define income and wealth
- Explain measures of inequality
- Analyse causes of inequality
16
The Distribution of Income and Wealth
Government Policies to Redistribute Income
Verified
Key Learning Objectives:
- Explain taxation and benefits
- Evaluate the impact of redistribution policies
- Analyse trade-offs between equity and efficiency
17
The Distribution of Income and Wealth
Poverty
Verified
Key Learning Objectives:
- Define absolute and relative poverty
- Explain causes of poverty
- Evaluate policies to reduce poverty
18
The Global Economy
Globalisation
Verified
Key Learning Objectives:
- Define globalisation
- Explain the causes of globalisation
- Evaluate the economic and social impacts
19
The Global Economy
Exchange Rates
Verified
Key Learning Objectives:
- Define exchange rates
- Explain fixed, floating, and managed systems
- Evaluate the impact of exchange rate changes
20
The Global Economy
Economic Development
Verified
Key Learning Objectives:
- Define economic development
- Distinguish between growth and development
- Evaluate indicators of development
21
The Global Economy
International Trade
Verified
Key Learning Objectives:
- Explain the theory of comparative advantage using opportunity cost
- Analyse the static and dynamic benefits of free trade
- Evaluate the economic impact of tariffs and quotas on welfare
- Apply the theory of comparative advantage to numerical examples and trade scenarios
- Distinguish between absolute and comparative advantage
- Assess the assumptions underlying the comparative advantage model
- Critically evaluate the arguments for and against protectionism
22
The Global Economy
Balance of Payments
Verified
Key Learning Objectives:
- Define the balance of payments
- Explain the current account and capital/financial account
- Analyse causes and consequences of deficits/surpluses
23
The Global Economy
Trade and Development Policies
Verified
Key Learning Objectives:
- Explain trade policies for development
- Analyse the role of international institutions
- Evaluate aid, debt relief, and fair trade
24
The Labour Market
Wage Determination
Verified
Key Learning Objectives:
- Explain the marginal productivity theory
- Analyse factors affecting labour demand and supply
- Evaluate wage differentials
25
The Labour Market
Labour Market Flexibility
Verified
Key Learning Objectives:
- Define labour market flexibility and distinguish between functional, numerical, financial, and temporal flexibility
- Explain how labour market institutions, such as trade unions and minimum wage laws, influence the degree of flexibility
- Analyse the impact of increased labour market flexibility on levels of employment and unemployment
- Evaluate the consequences of labour market flexibility on productivity, job quality, and worker motivation
- Assess the role of government policy in balancing labour market flexibility with worker protection
26
The Labour Market
Trade Unions
Verified
Key Learning Objectives:
- Explain the role of trade unions
- Analyse the impact of unions on wages and employment
- Evaluate union power in different market structures
27
The Labour Market
Minimum Wage
Verified
Key Learning Objectives:
- Define minimum wage
- Analyse the effects on employment and income distribution
- Evaluate the effectiveness of minimum wage policy
28
The National Economy
Monetary Policy
Verified
Key Learning Objectives:
- Define monetary policy
- Explain interest rates, money supply, and exchange rates
- Evaluate the effectiveness of monetary policy
29
The National Economy
Unemployment
Verified
Key Learning Objectives:
- Define unemployment
- Explain types of unemployment
- Evaluate policies to reduce unemployment
30
The National Economy
Supply-Side Policies
Verified
Key Learning Objectives:
- Define supply-side policies
- Explain market-based and interventionist policies
- Evaluate the impact on productivity and growth
31
The National Economy
Economic Growth
Verified
Key Learning Objectives:
- Define economic growth
- Distinguish between actual and potential growth
- Evaluate the costs and benefits of growth
32
The National Economy
Measures of Economic Performance
Verified
Key Learning Objectives:
- Define GDP, GNP, and GNI
- Explain inflation, unemployment, balance of payments
- Interpret economic data
33
The National Economy
Fiscal Policy
Verified
Key Learning Objectives:
- Define fiscal policy
- Explain government spending and taxation
- Evaluate the impact of fiscal policy on the economy
34
The National Economy
Inflation
Verified
Key Learning Objectives:
- Define inflation and deflation
- Explain causes of inflation
- Evaluate the effects of inflation
35
The National Economy
Aggregate Demand and Aggregate Supply
Verified
Key Learning Objectives:
- Explain the components of aggregate demand
- Explain the shape of aggregate supply curves
- Analyse shifts in AD and AS
36
The National Economy
Circular Flow of Income
Verified
Key Learning Objectives:
- Explain the circular flow of income model
- Identify injections and withdrawals
- Calculate equilibrium national income
Regulatory & Verification Details
- Qualification Number (QN)
- 601/8377/9
- Regulated Status
- Available to learners
- Awarding Body
- CCEA
- Qualification Type
- GCE A Level
- Operational Start
- Sept 2016
- Operational End
- Aug 2029