Business Economics- AS Level

Head of Department
Ms B C White

Mrs E Martino

Mr M Jennings

Ms F Mouti

Ms D Kusi


  • AS Level Economics

Qualification Name

  • GCS Economics

Examination Board

  • Eduqas (part of WJEC)

Course Structure

Component 1: Introduction to Economics Principles (microeconomics)

  1. Scarcity and choice 
  2. Demand and supply in product markets 
  3. Demand and supply in labour markets 
  4. Resource allocation 
  5. Market failure 

Component 2: Exploring Economic Issues (macroeconomics) 

  1.  Macroeconomic theory 
  2. Macroeconomic objectives 
  3. Policy instruments 
  4. International trade


Paper 1 

  • 40% of AS marks
  • 1 hour examination 
  • 60 marks


Compulsory short answers and structured questions covering all AS content (microeconomics and macroeconomics).


Paper 2

  • 60% of AS marks
  • 2 hour examination
  • 80 marks


Compulsory data response questions covering all AS content (microeconomics and macroeconomics).


Both papers will also assess quantitative skills that are relevant to the subject content, including being able to: 

  • calculate, use and understand ratios and fractions 
  • calculate, use and understand percentages and percentage changes 
  • understand and use the terms mean, median and relevant quantiles 
  • construct and interpret a range of standard graphical forms 
  • calculate and interpret index numbers  make calculations of elasticity and interpret the result 
  • interpret, apply and analyse information in written, graphical and numerical forms.

Deadlines for coursework


Examination Dates

AS Economic Paper 1 and 2 - Summer 2016

Suggested reading

A Level Economics Student Book (Fifth Edition) 

Author: Alan Anderton 

Publisher: Pearson Education 

ISBN-13: 978-1405892353 


Authors: Andrew Threadgould and Amy Meachen 

Publisher: Anforme 

ISBN-13: 978-1-78014-009-4 

Economics Eduqas digital download 

Author: Simon Harrison 

Publisher: Eduqas

Additional Reading

Accessible books

  • Thaler R & Sunstein C, Nudge: Improving Decisions About Health, Wealth and Happiness, ISBN-13: 978-0141040011, Penguin, 2009 
  • Ariely D, Predictably Irrational: The Hidden Forces That Shape Our Decisions, ASIN: B004SSZRAS, Harper Perennial, 2010 
  • Kahneman, D, Thinking Fast and Slow, ISBN-13: 978-0141033570, Penguin, 2012 (Note: This is a less accessible book but many teachers and some students will find it interesting.)

Pamphlets (The New Economics Foundation)

Behavioural economics sections in advanced texts 

  • Sloman, Wride & Garrett, Economics (8th Ed) Pages 124 – 128 
  • Perloff, Microeconomics (6th Ed) Pages 124 – 127 
  • Pindyck & Rubinfeld, Microeconomics (8th Ed) Pages 189 – 197