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A-LEVEL ECONOMICS

Economics Unit 1

Edexcel iAL Economics

Start Date: Flexible Start

Course Overview

This unit introduces microeconomic principles, focusing on how markets allocate resources and the role of government intervention. Students study demand and supply, market equilibrium, and elasticity.

Market failure is examined through externalities, public goods, and information gaps. The impact of government policies such as taxes, subsidies, and regulation is analysed.

The unit develops skills in diagrammatic analysis, evaluation, and the application of theory to real-world situations.

Key Topics:

  • The economic problem: scarcity, choice, opportunity cost
  • Demand and supply: determinants, shifts, movements
  • Price elasticity of demand and supply
  • Market equilibrium and disequilibrium
  • Market failure: externalities, public goods, information failure
  • Government intervention: taxes, subsidies, price controls, regulation

Subject Tutor: Joyce

  • Graduate of University of Hong Kong
  • HKDSE: 5** in Economics, 5* in English, Mathematics, and Geography
  • IELTS 7.5
  • Distinction in Statistics Introduction at University of Melbourne

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Course Features

Next Start Date:

Flexible Start

Level:

Edexcel iAL Economics

Lessons:

15 sessions (1 hour each)

Duration:

15 weeks

Language:

English

Course Fee:

Free for Registered Students