AS/A Level Economics

(9708)
What is Economics?
Economics

οἶκος (oikos) νόμος (nomos) οἰκονομία (oikonomia)

"house"
+ =
"custom" or "law" "rules of the house(hold)"

"management of a household, administration"

“Economics is the study of
how scarce resources are or
should be allocated.”
Why study Economics?
 1. Essential to understanding the world in
which you live and work.

What determines the prices of the

goods and services on which you
spend your income.
How does education affect the
lifetime earnings of people?

Why do some people earn so

much and others so little?
Why do some jobs pay high
wages while other jobs pay low
wages?
2. Equip you to participate more successfully in
the increasingly knowledge-based and
interdependent global economy of the twenty-
first century.

choice behaviour

help individuals make better purchasing,

employment and financial decisions.

maximize the economic well-being

 3. Better understanding of the objectives,
methods and limitations of government
economic policy.
Policy help reduce environmental pollution?

effects of freer international

trade on Indonesia‘s standard of
living?

Tax system affect the incentives for

people to work, for families to spend and
save, and for firms to invest?
What can you do with an Economics
Degree?
 What can you do with an Economics
Degree?
public sector

business and Actuarial and

financial data analysis
consultancy

auditor, stockbroker,
insurer, business manager,
banking retail merchandizer, pricing
analyst
and many
more
 AS-Level
Paper 1: Multiple Choice Questions
Paper 2: Data Response and Essay

How many papers?

Paper 3: Multiple Choice Questions
Paper 4: Data Response and Essay
A2-Level
Law of Diminishing Marginal Utility
Is AS/A Level Economics
HARD?
IGCSE ECONOMICS
 AS-LEVEL ECONOMICS

IGCSE ECONOMICS
Pre-requisite
Thank You
&
Good Luck