The Economics AS Level Course covers topics similar to those studied at GCSE level, but in more depth. Economics is a dynamic subject, with considerable relevance to current situations, and this course is designed to cover the basic theory required for examinations at this level, together with up-to-date data required to relate your theory to real life.

This home study course follows the new linear AS Level syllabus. If students want to complete the full A Level Course then this can be purchased from the A Level section of our website.

Please Note: The AS Level still covers of the first half of what is included in a full A Level syllabus although due to the new linear format it is no longer possible to complete an AS Level and then complete the additional units to gain a full A Level qualification. If you gain an AS Level and then wanted to progress to a full A Level, you would still need to sit all A Level exams.

Each lesson begins with a set of clearly stated objectives and an explanation of its place in the overall programme of study. Effective learning is encouraged through frequent activities and self- assessment questions. The Economics AS level course includes 6 Tutor-marked Assignments (TMAs).

The Syllabus:

Students can study for the AQA Economics 7135 AS Level Specification sitting exams in May/June 2019 or later years.


  • Paper 1: Economics 1 - The operation of markets and market failure (1 Hour 30 Minutes) is 70 marks in total (50% of AS level).
  • Paper 2: Economics 2 - The national economy in a global context (1 Hour 30 Minutes) is 70 marks in total (50% of AS level).

This course is divided into the following units:

Individuals, Firms, Markets and Market Failure

  1. Economic methodology and the economic problem
  2. Individual economic decision making
  3. Price determination in a competitive market
  4. Production, costs and revenue
  5. Perfect competition, imperfectly competitive markets and monopoly
  6. The labour market
  7. The distribution of income and wealth: poverty and inequality
  8. The market mechanism, market failure and government intervention in markets


We will admit Candidates for A Level Courses who have a minimum of 4 GCSE's at grade C and above. For Economics this should include English, Economics and Mathematics GCSE's.

Please Note: We cannot accept students who are under 18 years old on this course.

Additional Reading:

The following books are required to work alongside your course materials:

  • AQA A-level Economics Book 1 by Ray Powell & James Powell (ISBN: 978-1471829789)

Additional non-essential recommended reading is detailed in the course materials for students who would like further resources whilst completing their studies. We recommend purchasing any books after receiving your course materials to make sure there have been no revisions

Student Support:

Every student receives a personal tutor with whom they should keep in regular contact. All tutors are fully qualified experienced teachers holding either a Postgraduate Certificate in Education or a degree in education. Most work from home and are able to offer flexible contact times. The tutor will contact students with an introductory letter and a telephone call to help decide on a study plan. They will also let the student know the best ways and times for contact.

There is no limit on how often you can contact your tutor. The advice and encouragement our tutors provide are an important part of your learning experience. You can contact your tutor by Phone, Post or Email. There are tutor-marked assignments (TMA's) in every course. These help the student to consolidate their learning and prepare for examinations.

All tutors have a Freephone 0800 telephone number and most will have Skype capabilities. Whilst you are still actively submitting assignments, you should expect to be in contact with your tutor regularly. Remember, to get the most out of your tutor, you will need to tell them when you need assistance.

Examination Centres & Examination Fees:

All distance learning students will sit their exams as a private candidate in a registered school or college. The finding of an examination centre and the booking of exams is the responsibility of the student. In December/January students are contacted and advised to start arranging their examinations. AQA have over 300 exam centres in the UK. Examination officers are available for registered students for advice on finding suitable centres or you can use AQA’s Private Candidate Page which details information about being a private candidate and has a search facility showing a small selection of centres set out geographically.

The new Linear format examinations all need to be sat in a single examination window on completion of your studies. Examination fees need to be paid direct to your chosen exam centre. Prices for exams will vary depending on the exam centre’s administration costs so it is worth contacting a few centres to compare prices.

Nearest Examination Dates:

Please review the AS Level Overview page for detailed information on possible examination dates and procedures.

Studying from Abroad:

It is possible to study AS Level Courses from anywhere in the world. However some courses are easier to study from abroad than others and some restrictions to the type of tuition available apply. If you wish to study an AS Level then you will need to sit the examinations in the UK. Please remember that most AS Level's have two examinations which may well be spread over several weeks.

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