Course Content
Syllabus overview – Economics 9708 (AS & A Level)
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Course Introduction
Economics 9708 syllabus and exam overview
Textbooks and resources
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STARTING OF ECONOMICS 9708 AS LEVEL | Quick overview of AS Level syllabus
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Economics 9708 AS Level syllabus overview
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Module 1: Basic economic ideas and resource allocation
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1.1 Scarcity, choice and opportunity cost
1.2 Economic methodology
1.3 Factors of production
1.4 Resource allocation in different economic systems
1.5 Production possibility curves
1.6 Classification of goods and services
Module 2: The price system and the microeconomy
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2.1 Demand and supply curves
2.2 Price elasticity, income elasticity & cross elasticity of demand
2.3 Price elasticity of supply
2.4 The interaction of demand and supply
2.5 Consumer & producer surplus
Module 3: Government microeconomic intervention
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3.1 Reasons for government intervention in markets
3.2 Methods & effects of government intervention in markets
3.3 Addressing income and wealth inequality
Module 4: The macroeconomy
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4.1 National income statistics
4.2 Introduction to the circular flow of income
4.3 Aggregate Demand and Aggregate Supply analysis
4.4 Economic growth
4.5 Unemployment
4.6 Price stability
Module 5: Government macroeconomic intervention
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5.1 Government macroeconomic policy objectives
5.2 Fiscal policy
5.3 Monetary policy
5.4 Supply-side policy
Module 6: International economic issues
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6.1 The reasons for international trade
6.2 Protectionism
6.3 Current account of the balance of payments
6.4 Exchange rates
6.5 Policies to correct imbalances in the current account of the balance of payments
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STARTING OF A LEVEL ECONOMICS | Quick overview of A Level syllabus (Module 7 – 12)
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Economics 9708 A Level syllabus overview
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Module 7: The price system and the microeconomy (Continued from Module 2)
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7.1 Utility
7.2 Indifference curves and budget lines
7.3 Efficiency and market failure
7.4 Private costs & benefits, externalities & social costs & benefits
7.5 Types of cost, revenue & profit, short-run and long-run production
7.6 Different market structures
7.7 Growth and survival of firms
7.8 Differing objectives and policies of firms
Module 8: Government microeconomic intervention (Continued from Module 3)
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8.1 Government policies to achieve efficient resource allocation & correct market failure
8.2 Equity & redistribution of income & wealth
8.3 Labour market forces and government intervention
Module 9: The macroeconomy (Continued from Module 4)
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9.1 The circular flow of income
9.2 Economic growth & sustainability
9.3 Employment/unemployment
9.4 Money & banking
Module 10: Government macroeconomic intervention (Continued from Module 5)
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10.1 Government macroeconomic policy objectives
10.2 Links between macroeconomic problems and their interrelatedness
10.3 Effectiveness of policy options to meet all macroeconomic objectives
Module 11: International economic issues (Continued from Module 6)
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11.1 Policies to correct disequilibrium in the balance of payments
11.2 Exchange rates
11.3 Economic development
11.4 Characteristics of countries at different levels of development
11.5 Relationship between countries at different levels of development
11.6 Globalisation
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Economics 9708
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Economics 9708 syllabus and exam overview
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