Pearson
Level 3
QN: 601/4105/0
Curriculum Active
Pearson Edexcel Level 3 Advanced GCE in Economics A
Official qualification regulated by Ofqual, awarded by Pearson. Classified as a GCE A Level. Total guided learning hours: 360 hours.
Qualification Level
Level 3
Awarding Body
Pearson
Syllabus Units
3 Units
Guided Hours
360 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
A Global Perspective
Poverty and Inequality
Verified
Key Learning Objectives:
- Define absolute and relative poverty
- Measure inequality using Lorenz curve and Gini coefficient
- Evaluate policies to reduce poverty and inequality
2
A Global Perspective
Emerging and Developing Economies
Verified
Key Learning Objectives:
- Understand the characteristics of emerging economies
- Analyze the factors influencing economic growth and development
- Evaluate the role of trade and aid in development
3
A Global Perspective
International Economics
Verified
Key Learning Objectives:
- Explain the benefits and costs of free trade
- Analyze the impact of protectionism: tariffs, quotas, subsidies
- Understand the balance of payments and exchange rates
4
A Global Perspective
The Financial Sector
Verified
Key Learning Objectives:
- Describe the role of financial markets and institutions
- Understand the causes and consequences of financial crises
- Evaluate the regulation of the financial sector
5
Business Behaviour and the Labour Market
Market Structures
Verified
Key Learning Objectives:
- Describe perfect competition, monopoly, monopolistic competition, and oligopoly
- Analyze pricing and output decisions in different market structures
- Evaluate the efficiency of each market structure
6
Business Behaviour and the Labour Market
Labour Market
Verified
Key Learning Objectives:
- Explain the demand for labour: marginal revenue product
- Explain the supply of labour: wage determination
- Analyze the impact of trade unions and minimum wages
7
Business Behaviour and the Labour Market
Government Intervention in Markets
Verified
Key Learning Objectives:
- Understand competition policy: regulation of monopolies and mergers
- Evaluate the impact of government intervention on business behaviour
- Analyze the role of regulatory bodies
8
Business Behaviour and the Labour Market
Production, Costs and Revenue
Verified
Key Learning Objectives:
- Understand short-run and long-run production functions
- Calculate total, average, and marginal costs
- Analyze economies and diseconomies of scale
9
Introduction to Markets and Market Failure
Nature of Economics
Verified
Key Learning Objectives:
- Understand the basic economic problem of scarcity
- Explain the difference between positive and normative statements
- Understand the concept of opportunity cost
10
Introduction to Markets and Market Failure
How Markets Work
Verified
Key Learning Objectives:
- Explain the determinants of demand and supply
- Analyze the interaction of demand and supply to determine equilibrium price and quantity
- Understand price elasticity of demand and supply
11
Introduction to Markets and Market Failure
Market Failure
Verified
Key Learning Objectives:
- Identify types of market failure: externalities, public goods, information asymmetry
- Analyze the impact of externalities on social welfare
- Evaluate government intervention to correct market failure
12
Introduction to Markets and Market Failure
Government Intervention
Verified
Key Learning Objectives:
- Describe methods of government intervention: taxes, subsidies, price controls, regulation
- Evaluate the effectiveness of intervention in correcting market failure
- Understand government failure
13
Markets and business behaviour
Verified
Key Learning Objectives:
- Understand key principles, terminology and concepts of Markets and business behaviour
- Apply practical skills, procedures and techniques in Markets and business behaviour
- Evaluate performance, standards and best practices for Markets and business behaviour
14
Microeconomics and macroeconomics
Verified
Key Learning Objectives:
- Understand key principles, terminology and concepts of Microeconomics and macroeconomics
- Apply practical skills, procedures and techniques in Microeconomics and macroeconomics
- Evaluate performance, standards and best practices for Microeconomics and macroeconomics
15
The national and global economy
Verified
Key Learning Objectives:
- Understand key principles, terminology and concepts of The national and global economy
- Apply practical skills, procedures and techniques in The national and global economy
- Evaluate performance, standards and best practices for The national and global economy
16
The UK Economy – Performance and Policies
Measures of Economic Performance
Verified
Key Learning Objectives:
- Define and calculate GDP, inflation, unemployment, and balance of payments
- Analyze the limitations of GDP as a measure of living standards
- Understand the components of aggregate demand
17
The UK Economy – Performance and Policies
Supply-side Policies
Verified
Key Learning Objectives:
- Identify supply-side policies: deregulation, privatization, tax reforms
- Analyze the impact on productivity and long-run aggregate supply
- Evaluate the effectiveness of supply-side policies
18
The UK Economy – Performance and Policies
Fiscal and Monetary Policy
Verified
Key Learning Objectives:
- Describe fiscal policy: government spending and taxation
- Describe monetary policy: interest rates and quantitative easing
- Evaluate the effectiveness of fiscal and monetary policy
19
The UK Economy – Performance and Policies
Aggregate Demand and Aggregate Supply
Verified
Key Learning Objectives:
- Explain the components of aggregate demand (C+I+G+X-M)
- Analyze shifts in aggregate demand and aggregate supply
- Understand the macroeconomic equilibrium
20
The UK Economy – Performance and Policies
Economic Performance
Verified
Key Learning Objectives:
- Analyze the causes and consequences of inflation, unemployment, and economic growth
- Evaluate the trade-offs between policy objectives
- Understand the Phillips curve
Regulatory & Verification Details
- Qualification Number (QN)
- 601/4105/0
- Regulated Status
- Available to learners
- Awarding Body
- Pearson
- Qualification Type
- GCE A Level
- Operational Start
- Sept 2015