Evaluation
AQA AS Economics, memorised in year one.
Everything the AS examines and nothing from the second year. Drill the 10 topics the 7135 specification actually examines.
- AS of 7136
- 10 topics
- 66 subtopics
AQA AS-Level Economics 7136
Economic Methodology and the Economic Problem
Price Determination in a Competitive Market
Topic overviewDemand, the demand curve, income and wealthSubstitutes, complements and consumer preferencesPrice elasticity of demand and total revenueThe determinants of price elasticity of demandIncome and cross elasticity of demandThe determinants of supplyPrice elasticity of supplyEquilibrium, disequilibrium and how a market clearsShifts in demand and supply, and the price mechanismThe interrelationship between markets
Production, Costs and Revenue
Perfect Competition, Imperfectly Competitive Markets and Monopoly
The Market Mechanism, Market Failure and Government Intervention
Topic overviewHow markets and prices allocate resourcesThe meaning of market failurePublic goods, private goods and quasi-public goodsPositive and negative externalitiesMerit and demerit goodsMarket imperfectionsAn inequitable distribution of income and wealthIndirect taxes and subsidiesPrice controls, state provision and regulationEvaluating intervention and the mixed economyGovernment failure
The Measurement of Macroeconomic Performance
How the Macroeconomy Works
Topic overviewThe circular flow of incomeThe aggregate demand and aggregate supply curvesWhat shifts short-run and long-run aggregate supplyMacroeconomic equilibrium and economic shocksConsumption and investmentGovernment spending and net exportsThe accelerator, saving and investmentAggregate demand and the level of economic activityThe determinants of aggregate supply
Economic Performance
Topic overviewShort-run and long-run economic growthThe economic cycle and output gapsDemand-side and supply-side shocksMeasuring unemployment and the types of unemploymentThe determinants of employment and policies to reduce unemploymentInflation and deflationThe quantity theory of moneyConsequences of inflation and deflationThe balance of payments on current accountOutput gaps and the growth-inflation conflictReconciling policy objectives in the AD/AS model
Financial Markets and Monetary Policy
Fiscal Policy and Supply-Side Policies
What AQA AS Economics covers, and what it leaves out
AQA AS Economics is specification 7135, the standalone first-year qualification alongside the 7136 A level. This page holds only what the AS examines: 10 topics across 66 subtopics, 1,216 active recall questions, starting with Economic Methodology and the Economic Problem, Price Determination in a Competitive Market and Production, Costs and Revenue. The 4 topics kept back for the second year are not shown, so nothing here is content you have not been taught yet.
Starting the second year? The full AQA A-Level Economics page adds the A2 topics on top of everything here.
AQA AS and A-level Economics, specification 7136. Read the AQA specification at a glance ↗
The full specification
10 topics, 66 subtopics. Open any topic to see what is inside it.
01Economic Methodology and the Economic Problem3 subtopicsOpen topic
02Price Determination in a Competitive Market10 subtopicsOpen topic
- Demand, the demand curve, income and wealth
- Substitutes, complements and consumer preferences
- Price elasticity of demand and total revenue
- The determinants of price elasticity of demand
- Income and cross elasticity of demand
- The determinants of supply
- Price elasticity of supply
- Equilibrium, disequilibrium and how a market clears
- Shifts in demand and supply, and the price mechanism
- The interrelationship between markets
03Production, Costs and Revenue4 subtopicsOpen topic
04Perfect Competition, Imperfectly Competitive Markets and Monopoly7 subtopicsOpen topic
05The Market Mechanism, Market Failure and Government Intervention11 subtopicsOpen topic
- How markets and prices allocate resources
- The meaning of market failure
- Public goods, private goods and quasi-public goods
- Positive and negative externalities
- Merit and demerit goods
- Market imperfections
- An inequitable distribution of income and wealth
- Indirect taxes and subsidies
- Price controls, state provision and regulation
- Evaluating intervention and the mixed economy
- Government failure
06The Measurement of Macroeconomic Performance2 subtopicsOpen topic
07How the Macroeconomy Works9 subtopicsOpen topic
- The circular flow of income
- The aggregate demand and aggregate supply curves
- What shifts short-run and long-run aggregate supply
- Macroeconomic equilibrium and economic shocks
- Consumption and investment
- Government spending and net exports
- The accelerator, saving and investment
- Aggregate demand and the level of economic activity
- The determinants of aggregate supply
08Economic Performance11 subtopicsOpen topic
- Short-run and long-run economic growth
- The economic cycle and output gaps
- Demand-side and supply-side shocks
- Measuring unemployment and the types of unemployment
- The determinants of employment and policies to reduce unemployment
- Inflation and deflation
- The quantity theory of money
- Consequences of inflation and deflation
- The balance of payments on current account
- Output gaps and the growth-inflation conflict
- Reconciling policy objectives in the AD/AS model
09Financial Markets and Monetary Policy5 subtopicsOpen topic
10Fiscal Policy and Supply-Side Policies4 subtopicsOpen topic
How you work through it
Pick the mode that fits the time you have.
Try three questions
No account needed. Answer from memory first.
Your recallNot started
Numbers
What is a normative statement, and how does it differ from a positive one?
Evaluation
What economic decisions must every society make, and what resources does it use?
Spaced Repetition Schedule
How reviews are timed
Levo will automatically distribute all of your progress into a spaced repetition calendar. Once you’ve answered, it’s scheduled for you on the next day in the spaced repetition schedule. Over time, the gaps between your recall get bigger, from a day to three years, reinforcing memorisation over a long period of time.
Interval sequence
- 1 day
- 3 days
- 7 days
- 14 days
- 30 days
- 60 days
- 4 months
- 8 months
- 1 year
- 2 years
- 3 years
What is inside Levo
Six ways to work the same material
Economics revision questions
Common questions about revising AQA AS-Level Economics. Tap any to open it.
What is on AQA AS Economics?
10 topics across 66 subtopics, examined as its own qualification, specification 7135. They are all listed on this page, and each one opens to the subtopics inside it. The full topic list is Economic Methodology and the Economic Problem, Price Determination in a Competitive Market, Production, Costs and Revenue, Perfect Competition, Imperfectly Competitive Markets and Monopoly, The Market Mechanism, Market Failure and Government Intervention, The Measurement of Macroeconomic Performance and more.
Does AS Economics count towards the full A level?
No. AS was decoupled in England in 2015, so AQA AS Economics (7135) is a separate qualification and none of its marks carry into the 7136 A level. It is still the same content though, which is why revising it well sets up the second year.
What is the difference between AS and A level Economics?
AS is the first-year units only. The A level adds 4 further topics, among them Individual Economic Decision Making, The Labour Market, The Distribution of Income and Wealth: Poverty and Inequality, and expects you to connect them back to the AS material. Work the AS content here, then move up to the full A level page when you start the second year.
When do you sit AQA AS Economics?
Normally at the end of Year 12, in the summer series. That gives you one year to memorise 1,216 questions' worth of material, which is roughly 6 questions a day across an academic year if you start in September.
How should you revise for AS Economics?
By retrieval, not rereading. Cover the answer, pull it from memory, then check. Levo runs that loop across all 10 AS topics and brings each question back on a spaced schedule, so what you learn in September is still there in June.
Is it worth revising AS content again for the A level?
Yes, and it is the mistake most students make. The A-level papers examine this content again from scratch, and because the AS marks do not carry over, the only thing your first year leaves you with is what you still remember. Keeping it on a spaced schedule through Year 13 costs far less than relearning it.
How many questions are there for AQA AS Economics?
1,216, written from the 7136 subject content and grouped into 66 subtopics so you can work one small area at a time rather than a whole topic at once.
Can you use Levo for just the AS year?
Yes. Pick your subject, choose the AS topics on the topic screen, and every mode — the 3-step method, Cram, Blank Blitz, Build It and Test It — works only that material. Add the second-year topics when you get to them.
Every question in Economics, on a schedule.
Attempt a question from memory, write the correct version, then attempt it again. Levo records the jump between your first attempt and your last, and brings each question back on the day you are due to forget it.
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