Edexcel offers a wide range of Economics qualifications including A-level (A and B), GCSE, and International GCSE. Each course develops core economic knowledge and analytical skills, with real-world application and strong exam focus.
My private tuition is tailored to the specific demands of each pathway—whether it’s mastering diagrams, refining written responses, or tackling multiple-choice and data questions. I help students of all levels build confidence, deepen understanding, and improve their grades.
Paper 1: Microeconomics and Business Economics
The market system:
The economic problem
Economic assumptions
Demand, supply and market equilibrium
Elasticity
The mixed economy
Externalities
Business economics:
Production
Productivity and division of labour
Business costs, revenues and profit
Business competition
The labour market
Government intervention
Paper 2: Macroeconomics and the Global Economy
Government and the economy
Macroeconomic objectives
Government policies
Relationships between objectives and policies
The global economy:
Globalisation
International trade
Exchange rates
Theme 1: Introduction to markets and market failure
This theme focuses on microeconomic concepts. Students will develop an understanding of:
● nature of economics
● how markets work
● market failure
● government intervention
Theme 2: The UK economy – performance and policies
This theme focuses on macroeconomic concepts. Students will develop an understanding of:
● measures of economic performance
● aggregate demand
● aggregate supply
● national income
● economic growth
● macroeconomic objectives and policy
Theme 3: Business behaviour and the labour market
This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics.
Students will develop an understanding of:
● business growth
● business objectives
● revenues, costs and profits
● market structures
● labour market
● government intervention
Theme 4: A global perspective
This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of:
● international economics
● poverty and inequality
● emerging and developing economies
● the financial sector
● role of the state in the macroeconomy.
Theme 1: Markets, consumers and firms
Students will develop an understanding of:
● scarcity, choice and potential conflicts
● enterprise, business and the economy
● introducing the market
● the role of credit in the economy
● market failure and government intervention
● revenue, costs, profits and cash
Theme 2: The wider economic environment
● business growth and competitive advantage
● firms, consumers and elasticities of demand
● productive efficiency
● life in a global economy
● the economic cycle
● introduction to macroeconomic policy.
Theme 3: The global economy
This theme develops the concepts introduced in Theme 2. Students will develop an understanding of:
● globalisation
● economic factors in business expansion
● impact of globalisation on global companies
● impact of globalisation on local and national economies
● global labour markets
● inequality and redistribution.
Students will develop an understanding of:
Theme 4: Making markets work
This theme develops the concepts introduced in Theme 1. Students will develop an understanding of:
● competition and market power
● market power and market failure
● market failure across the economy
● macroeconomic policies and impact on firms and individuals
● risk and the financial sector.
Unit 1: Markets in Action
1.3.1 Introductory Concepts
The nature of economics
Positive and normative economics
Scarcity
Production possibility frontiers
Specialisation and the role of money and financial markets
Free market, mixed, and command economies
1.3.2 Consumer Behaviour and Demand
Rational decision making
The demand curve
Price, income, and cross-elasticities of demand
1.3.3 Supply
The supply curve
Price elasticity of supply
1.3.4 Price Determination
Determination of market equilibrium
Consumer and producer surplus
Functions of the price mechanism
Indirect taxes and subsidies
1.3.5 Market Failure
Sources of market failure
Positive and negative externalities
Non-provision of public goods
Imperfect market information
Moral hazard
Speculation and market bubbles
1.3.6 Government Intervention in Markets
Purpose and methods of government intervention
Government failure
Unit 2: Macroeconomic Performance and Policy
2.3.1 Measures of Economic Performance
Economic growth
Inflation
Employment and unemployment
Balance of payments
2.3.2 Aggregate Demand (AD)
The characteristics of AD
Consumption (C)
Investment (I)
Government expenditure (G)
Net trade balance (X−M)
2.3.3 Aggregate Supply (AS)
The characteristics of AS
Short-run AS (SRAS)
Long-run AS (LRAS)
2.3.4 National Income
National income
Injections and withdrawals
Equilibrium level of real output
The multiplier
2.3.5 Economic Growth
Causes of growth
Benefits of growth
Costs of growth
Output gaps
2.3.6 Macroeconomic Objectives and Policies
Macroeconomic objectives
Possible conflicts between macroeconomic objectives
Macroeconomic supply-side policies
Macroeconomic demand-side policies
Unit 3: Business Behaviour
3.3.1 Types and Sizes of Businesses
Types of businesses
Size of businesses
Business objectives
3.3.2 Revenue, Costs, and Profits
Revenue
Costs
Economies and diseconomies of scale
Profits and losses
3.3.3 Market Structures and Contestability
Efficiency
Concentration ratio
Perfect competition
Monopolistic competition
Oligopoly
Monopoly
Monopsony
Contestability
3.3.4 Labour Markets
The demand for labour
The supply of labour
The determination of wage rates
Market failure in the labour market
3.3.5 Government Intervention
Government intervention in product markets
Government intervention in labour markets
Unit 4: Developments in the Global Economy
4.3.1 Causes and Effects of Globalisation
Characteristics of globalisation
Causes of globalisation
Effects of globalisation
4.3.2 Trade and the Global Economy
Specialisation and comparative advantage
Patterns and volume of world trade
Terms of trade
Trade liberalisation and trading blocs
Restrictions on free trade
4.3.3 Balance of Payments, Exchange Rates, and International Competitiveness
Balance of payments
Exchange rates
International competitiveness
4.3.4 Poverty and Inequality
Poverty
Inequality
4.3.5 The Role of the State in the Macroeconomy
Public expenditure
Taxation
Public sector borrowing and public sector debt
Macroeconomic policies
4.3.6 Growth and Development in Developing, Emerging, and Developed Economies
Measures of economic development
Constraints on growth and development
Measures to promote growth and development
