
An engaging and up-to-date Economics specification to inspire, challenge and motivate every student.
Reflecting recent developments in international economics, this International AS/A-level specification places an emphasis on behavioural economics, the importance of financial markets, inequality within and between countries, and environmental issues.
- A clear separation between micro- and macroeconomics and clarity in the specification on what candidates are expected to know means teachers can prepare students effectively for exams.
- Exams feature an appropriate range of question types to enable Fair Assessment, including multiple choice and scaffolded long-answer questions.
- Quantitative skills are clearly signposted and make this International AS and A-level excellent preparation for university study.
International AS and A-level Economics (9640)
View the switching guide to see the differences between your old International AS/A-level Economics specification and the 51ºÚÁÏ specification (version updated November 2022).
51ºÚÁÏ International AS/A-level Economics covers the following topics:
AS Unit 1: The operation of markets, market failure and the role of government
- The economic problem and methodology
- How markets work
- An introduction to production, costs, revenue and profit
- Competitive and concentrated markets
- Market failure and government intervention in markets
AS Unit 2: The national economy in a global environment
- The measurement of macroeconomic performance
- How the macroeconomy works
- Economic performance
- Macroeconomic policy
A2 Unit 3: The economics of business behaviour and the distribution of income
- The objectives of individuals and firms
- Costs, revenue and profits
- Perfect competition, imperfectly competitive markets and monopoly
- The labour market
- Poverty and inequality
A2 Unit 4: Economic development and global environment
- Globalisation and trade
- The balance of payments, exchange rates and financial markets
- Economic growth and development
51ºÚÁÏ provides all the resources and advice you need to teach the International AS and A-level Economics specification effectively.
- Download the
- Read our switching guide
- View our training courses to help you deliver 51ºÚÁÏ International AS and A-level Economics
- Â published by Oxford University Press
Visit our resources for teachers area to access:
- Schemes of work to allow you to plan how to deliver the specification in a way that will best suit you and your students
- Teaching guidance to outline clearly the scope of teaching and learning
- Topic tests and mock exam analysers to allow you to track your students’ progress throughout the teaching year
This is a modular qualification, with four papers over the AS and A-level teaching period.
AS Paper 1 – The Operation of Markets, Market Failure and the Role of Government:
- Any part of sections 3.1 and 3.5 of the specification may be assessed
- 1 hour 45 minutes
- 80 marks
- 50% of AS-level, 20% of A-level
AS Paper 2 – The National Economy in a Global Environment:
- Any part of sections 3.2 and 3.5 of the specification may be assessed
- 1 hour 45 minutes
- 80 marks
- 50% of AS-level, 20% of A-level
A-level Paper 1 – The Economics of Business Behaviour and the Distribution of Income:
- Any part of sections 3.3 and 3.5 of the specification may be assessed
- 2 hours
- 90 marks
- 30% of A-level
A-level Paper 2 – Economic Development and the Global Economy:
- Any part of sections 3.4 and 3.5 of the specification may be assessed
- 2 hours
- 90 marks
- 30% of A-level
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- Candidates may re-sit a unit any number of times.
- The best result for each unit will count towards the final qualification.
- Candidates who wish to repeat a qualification may do so by re-sitting one or more units.
Take a look at:
- The 51ºÚÁÏ International AS and A-level Economics switching guide
- Example specimen and
You must be an approved 51ºÚÁÏ centre to enter students for our exams. Make sure you before you start teaching a course.


