AQA A Level Economics Syllabus

European Union For AQA Unit 4

1. Origins of the EU
2. Economic Integration
3. Single Market
• What it involves
• Efficiency of the Single Market
4. Common Agricultural Policy

• Reform of the CAP
• Expansion of the EU

6. Monetary Union

• What it involves
• How it affects Monetary Policy
• Impact of European wide inflation targeting and interest policy
• Arguments for Against
• Regional Policy
• Unemployment as a Pan European problem

8. EU policy’s on Transport, environment and Competition Policy
9. Globalisation and the EU

Business Economics Unit 5

• The Theory of The Firm
• Costs of Firms
• Fixed and Variable
• Marginal, Average and Totals
• Law of Diminishing Returns
• MP and AP
• Long Run Costs
• Economies and Diseconomies of Scale
• Effect of Technological change on costs and Supply
• Production Decisions
• The Objectives of Firms incl. Alternative aims

• Competitive Markets
• Competitive Markets in the real world and benefits of

• Monopoly
• Oligopoly
• Game Theory
• Cartels
• Contestable Markets

6. The Labour Market

• Demand for Labour MRP
• Supply
• Wage Determination in Competitive markets
• T.Unions and Monopsonistic
• Discrimination in the Labour Market
• Inequality
• Market Failure and Government Failure
• Competition Policy

9. Privatisation, De regulation and OF regulation
10. Equity
11. Poverty and Alleviation of Poverty
12. Cost Benefit Analysis

The National Economy – Unit 6

• Economic Growth
• GDP and measuring living standards
• Causes of Economic Growth
• Causes of Recessions
• Costs and Benefits of Economic Growth
• Inflation
• Monetarism and MV =PT
• Unemployment

Managing The Economy

• Monetary Policy
• Fiscal Policy

6. Taxes and Public Spending
7. Exchange Rate

• Exchange Rate as a tool of Economic Policy
• Conflict of Policy Objectives

International Economy

• Pattern of Trade /globalisation
• Comparative Adv. /benefits of trade
• Protectionsim
• Balance of Payments
• Exchange Rates