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Specification: CAMBRIDGE CIE 9708
The Cambridge GCE A Level Economics syllabus is designed to enable students to explain and understand the way modern economies work. This highly valued qualification will evidence both students' understanding of key economic arguments and issues. Lifelong skills will be developed and a firm foundation for further study will be achieved.
The Cambridge A Level Economics syllabus enables students to progress on to a Degree at university.
Teacher assessments are continuous during LIVE TAUGHT lessons, marking of coursework and assignments and summative tests.
Homework will be given at the end of each week, usually in the form of problems to solve, researching key concepts.
Students have 24 /7 access to all of their resources and coursework.
Additionally the school holds 3 parent consultaions per year - one each term.
Hi. I am Head of Economics at Cambridge Home School. I am a qualified secondary school teacher (PGCE) and educated to
Masters level.I hаve been а teаcher fоr 19 yeаrs аnd hаve delivered а wide rаnge оf quаlificаtiоns in the Business
I аm аlsо аn exаminer fоr bоth Ecоnоmics аnd Business аnd аm а cоursewоrk mоderаtоr fоr BTEC Business аnd Trаvel аnd Tоurism.
The course will follow the current Cambridge International Exam (CIE) 9708 specifications.
The course will be based on the textbooks recommended for the CIE A Levels.
This specification is well-regarded among colleges and universities as it is well-rounded allowing learners to have a grasp of key topics giving a firm basis from which to springboard into A-level and beyond.
1. Basic economic ideas and resource allocation
• Scarcity, choice and opportunity cost
• Positive and normative statements
• Factors of production
• Resource allocation in different economic systems and issues of transition
• Production possibility curves
• Classification of goods and services
2. The price system and the micro economy
• Demand and supply curves
• Price elasticity, income elasticity and cross-elasticities of demand
• Price elasticity of supply
• Interaction of demand and supply
• Market equilibrium and disequilibrium
• Consumer and producer surplus
3. Government microeconomic intervention
• Maximum and minimum prices
• Taxes (direct and indirect)
• Transfer payments
• Direct provision of goods and services
• Nationalisation and privatisation
4. The macro economy
• Aggregate Demand and Aggregate Supply analysis
• Balance of payments
• Exchange rates
• The terms of trade
• Principles of absolute and comparative advantage
5. Government macro intervention
• Types of policy: fiscal, monetary and supply side policy
• Policies to correct balance of payments disequilibrium
• Policies to correct inflation and deflation
Economics for Cambridge International AS and A Level ISBN: 978-0-19-839974-2
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