International A Level Economics
Pearson Edexcel – Qualification Codes: WEC11/ WEC12 (IAS), WEC13/ WEC14 (IAL)
Why Study This Course?
The Pearson Edexcel International Advanced Level in Economics equips students with a deep understanding of microeconomic and macroeconomic principles, preparing them for careers in finance, government, business, and academia. The course enables students to analyse real-world economic issues, develop critical thinking skills, and apply quantitative techniques to complex economic scenarios.
This course is ideal for students who:
- Have an interest in how economies function and how decisions impact businesses, governments, and individuals.
- Want to develop economic reasoning, data interpretation, and analytical skills.
- Aspire to study Economics, Business, Finance, or Political Science at university.
- Are considering careers in investment banking, policymaking, international trade, or financial consultancy.
- Wish to gain a globally recognised qualification that is valued by universities and employers worldwide.
Who is This Course For?
This course is suitable for students who:
- Enjoy working with data, problem-solving, and debating economic policies.
- Want to understand market structures, global trade, and financial systems.
- Aspire to work in multinational corporations, financial institutions, or government departments.
- Wish to develop logical thinking and evidence-based argumentation skills.
This course fosters quantitative reasoning, data analysis, and policy evaluation, essential for higher education and professional careers in economics, finance, and business strategy.
1. Quantitative and Data Interpretation Skills
- Analysing graphs, tables, and economic indicators.
- Applying mathematical calculations to real-world economic problems.
- Interpreting inflation rates, GDP figures, and trade balances.
2. Policy Evaluation and Decision-Making
- Assessing the impact of government policies on business and consumers.
- Understanding the trade-offs between economic growth, inflation, and employment.
- Evaluating economic models and theories in real-world contexts.
3. Critical Thinking and Problem-Solving
- Analysing the causes and consequences of economic changes.
- Evaluating economic arguments and justifying policy recommendations.
- Constructing evidence-based arguments in essays and case studies.
The course assesses students based on the following objectives:
| Objective | Description | Weighting |
|---|---|---|
| AO1 | Demonstrate knowledge and understanding of economic concepts | 23.1% |
| AO2 | Apply knowledge and understanding to various economic contexts | 26.3% |
| AO3 | Analyse economic issues and assess their impact | 25.6% |
| AO4 | Evaluate economic arguments and use evidence to support judgements | 25% |
Strong Preparation for A-Level and Beyond
This course provides a solid foundation for degree-level study in Economics, Finance, Business, and International Relations.
Recognition by Top Universities
The Pearson Edexcel International A-Level in Economics is widely recognised by universities, employers, and financial institutions worldwide.
Development of Analytical and Decision-Making Skills
Students develop reasoning, problem-solving, and data analysis skills, which are essential in business, finance, and policymaking.
Engaging and Real-World Applications
The course covers economic crises, government policies, and global trade issues, ensuring students engage with current affairs and economic challenges.
Course Structure
The qualification consists of four externally assessed written units, divided into two levels:
International Advanced Subsidiary (IAS) – Equivalent to AS Level
Unit 1: Markets in Action (IAS – 25%)
Exam Duration: 1 hour 45 minutes
Assessment Format: External written examination
Topics Covered:
- Introduction to Economics – Basic principles, economic systems, and resource allocation.
- Consumer and Producer Behaviour – Demand, supply, elasticity, and market equilibrium.
- Market Failure and Government Intervention – Externalities, public goods, and policy measures.
Unit 2: Macroeconomic Performance and Policy (IAS – 25%)
Exam Duration: 1 hour 45 minutes
Assessment Format: External written examination
Topics Covered:
- Macroeconomic Objectives – Inflation, unemployment, growth, and balance of payments.
- Aggregate Demand and Supply – Determinants, policy implications, and economic cycles.
- Macroeconomic Policies – Fiscal, monetary, and supply-side policies.
International Advanced Level (IAL) – Full A-Level
Unit 3: Business Behaviour (IA2 – 25%)
Exam Duration: 2 hours
Assessment Format: External written examination
Topics Covered:
- Market Structures – Perfect competition, monopoly, oligopoly, and monopolistic competition.
- Pricing Strategies and Business Objectives – Revenue, costs, profit maximisation, and efficiency.
- Labour Markets – Wages, employment trends, and government intervention.
Unit 4: Developments in the Global Economy (IA2 – 25%)
Exam Duration: 2 hours
Assessment Format: External written examination
Topics Covered:
- Globalisation and International Trade – Comparative advantage, protectionism, and trade policies.
- Exchange Rates and Balance of Payments – Currency markets, trade deficits, and competitiveness.
- Economic Growth and Development – Policies for sustainable development and inequality reduction.
