Course Overview

Understand the forces shaping the economy.

What drives economic decisions? How do markets function? What impact do governments have on inflation, employment, and growth? NEC’s AS level Economics course gives you the tools to understand and analyse real-world economic issues. You’ll explore microeconomics and macroeconomics, looking at everything from consumer behaviour to national policy. Ideal for future economists, business students or anyone wanting to make sense of financial news and global trends. Study flexibly online with support from an experienced tutor.

  • elearning icon

    Interactive course

  • 1:1 tutor support

AS Level Economics at a glance

course exam board icon
Exam board

Edexcel 8EC0 (A)

course resources icon
Resources

Set textbooks – included as a free ebook with your course: Edexcel A level Economics A Book 1, P Smith, Hodder Education, 2015

course requirements icon
Requirements

Additional texts: Maths Skills for A level Economics, J Lawrence, Oxford University Press, 2014

Internet access

Computer operating system and browser to support learn@nec.

course assignments icon
Assignments

6 assignments (one introductory) – these do not contribute towards your final grade

course hours icon
Hours

Complete at your own pace
Approx. 120-150* hours plus time for completing assignments

education icon
UCAS points

Earn up to 20 UCAS points

course entry requirements icon
Entry requirements

Study at your own pace.

There are no academic requirements for this course.

Course materials are written in English so a good level of written English is required.

course format icon
Format

Online learning with 1:1 tutor support

course assessment icon
Assessment

Two exams:

  • 1 hour 30 minutes, 50% of marks
  • 1 hour 30 minutes, 50% of marks

Non-exam assessment (NEA):

  • None
course exam board icon
Exam board

Edexcel 8EC0 (A)

course entry requirements icon
Entry requirements

Study at your own pace.

There are no academic requirements for this course.

Course materials are written in English so a good level of written English is required.

course hours icon
Hours

Complete at your own pace
Approx. 120-150* hours plus time for completing assignments

course requirements icon
Requirements

Additional texts: Maths Skills for A level Economics, J Lawrence, Oxford University Press, 2014

Internet access

Computer operating system and browser to support learn@nec.

course assessment icon
Assessment

Two exams:

  • 1 hour 30 minutes, 50% of marks
  • 1 hour 30 minutes, 50% of marks

Non-exam assessment (NEA):

  • None
course assignments icon
Assignments

6 assignments (one introductory) – these do not contribute towards your final grade

course resources icon
Resources

Set textbooks – included as a free ebook with your course: Edexcel A level Economics A Book 1, P Smith, Hodder Education, 2015

course format icon
Format

Online learning with 1:1 tutor support

education icon
UCAS points

Earn up to 20 UCAS points

course exam board icon
Exam board

Edexcel 8EC0 (A)

course resources icon
Resources

Set textbooks – included as a free ebook with your course: Edexcel A level Economics A Book 1, P Smith, Hodder Education, 2015

course requirements icon
Requirements

Additional texts: Maths Skills for A level Economics, J Lawrence, Oxford University Press, 2014

Internet access

Computer operating system and browser to support learn@nec.

course assignments icon
Assignments

6 assignments (one introductory) – these do not contribute towards your final grade

course hours icon
Hours

Complete at your own pace
Approx. 120-150* hours plus time for completing assignments

education icon
UCAS points

Earn up to 20 UCAS points

course entry requirements icon
Entry requirements

Study at your own pace.

There are no academic requirements for this course.

Course materials are written in English so a good level of written English is required.

course format icon
Format

Online learning with 1:1 tutor support

course assessment icon
Assessment

Two exams:

  • 1 hour 30 minutes, 50% of marks
  • 1 hour 30 minutes, 50% of marks

Non-exam assessment (NEA):

  • None

Why study AS Level Economics

Future opportunities

  • Studying an economics course at university.
  • A range of rewarding careers in fields such as business, banking, finance, insurance, politics, law and data science.
Course content

What you’ll learn…

Section 1

Introduction to economics

  • The nature of economics
  • Production and specialisation
  • Demand
Section 2

Supply and price

  • Supply
  • Price determination
  • Price mechanism
Section 3

Market failure and government intervention

  • Market failure
  • Government intervention
  • Government failure
Section 4

The UK economy – performance measures

  • Measuring economic performance
  • Aggregate demand
  • Aggregate supply
Section 5

The UK economy – income, growth and policies

  • National income
  • Economic growth
  • Macroeconomic objectives and policies

    Affordable study

    Flexible payments and financial help

    • As an education charity dedicated to helping independent learners achieve life-changing qualifications we want to keep fees affordable. All of our course fees are clear and transparent to help you plan for any additional costs.
    • NEC’s fees for AS levels offer some of the best value on the market, with multi-buy options, special offers, personal discounts, and affordable finance options.
    • Used responsibly, finance is a great way to spread the cost of your course. We’ve teamed up with Omni, one of the UK’s leading finance specialists.
    • Depending on your own circumstances, there are a number of possibilities for getting help to fund your course.

    Visit our Fee information page or

    Talk to an advisor
    Woman sitting at laptop
    Monthly instalments

    Study now, pay your way

    It’s your choice: you can pay in full at the point of enrolment, or you can spread the cost over monthly instalments with our finance offer. We offer a choice of six or 12 month repayment plans, with 0% APR as standard.

    To pay in instalments you will need to enrol by telephone.

    The National Extension College (NEC) work with finance company OMNI. For more information on our relationship with OMNI and repayment plans see our Fee Information page.

    Course fee £524
    Deposit £52.40
    Amount of credit £471.60
    Monthly payment £39.30
    Duration 12 months
    Total repayment £524
    Cost of credit £0.00
    Rate of interest 0% APR representative
    With you every step of the way

    Enjoy 1-2-1 support from your course tutor

    You’ll have access to 1:1 support from your tutor. All NEC tutors are subject experts, with experience in supporting online learners.

    “I have been teaching for over ten years and am privileged to say that I have loved every day of my job. Within my teaching I build students security in their own ability, giving them a platform of confidence to make the crucial independent steps towards the very highest grades. I have a first class BA Hons in Economics and a PGCE in Secondary Mathematics. I have tutored students 1:1 both face-to-face and online for many years with great success and always receive positive feedback. I also do a lot of work with exam boards. I have recently moved to Surrey with my children.”

    Amy, Economics Tutor
    MORE ABOUT OUR TUTORS
    Help when you need it

    Additional support for under 18s

    We understand younger students often need an extra helping hand with their studies. NEC’s unique Progress Tracker makes it easy for parents and guardians to follow their child’s progress, access assignment grades and view tutor feedback to ensure effective learning.

    Our approach to home study
    Need help choosing?

    Talk to one of our course advisors

    Still unsure whether online distance learning is right for you?

    Our friendly Course Advice Team are here to help answer your questions and take you through your options.

    • Book a call and someone will get back to you at a convenient time.
    • Or contact us today by phone or email.

    We’re waiting to help you get ahead and achieve your goals, your way.

    Talk to a course advisor

    Frequently asked questions

    Your common questions and concerns answered. Read more FAQs.

    NEC offers flexible, online GCSEs, A levels, and vocational courses that you can study anytime, anywhere. When you enrol, you’ll receive a welcome email with login details for learn@nec, our virtual learning platform.

    You’ll be supported by a qualified subject tutor who provides feedback on your assignments and helps guide your progress. Our expertly designed courses include engaging materials, interactive learning activities, and selected online resources — all created by experienced teachers, examiners, and learning designers.

    Our courses are designed to let you study at your own pace — all within a clearly defined enrolment period to help keep you on track. Many courses let you study your way, with flexible assignment deadlines to suit your schedule. Others may include set dates — especially for things like exams or NEAs (Non-Exam Assessment) — to help you stay on track.

    Yes! You can connect with other learners in your course’s online forum. Many students find discussing topics with peers helps reinforce their learning — and helps them feel part of a wider learning community.

    Yes. Most NEC courses, including all GCSEs and A levels, lead to qualifications awarded by major UK exam boards such as AQA, Edexcel, OCR and Cambridge International. You’ll earn exactly the same qualification as students in school or college.

    We’re also approved to offer CMI qualifications for management, as well as TQUK-accredited courses and Functional Skills qualifications in English and Maths. These nationally recognised qualifications are designed to help learners build practical skills and are ideal for both personal development and career progression.

    Some short courses, like those in the arts, are for personal development and enjoyment but don’t lead to formal accreditation.

    Yes, NEC is a JCQ-approved exam centre, which means we can support your exam entry, provide verified access arrangements, and oversee non-exam assessments (NEAs) — essential for subjects like English, Science and Geography.

    Yes. Many students complete a one-year fast track option, especially if working towards university or career deadlines. You’ll need to commit regular study time and plan carefully around assignment deadlines and exams.

    If you’re unsure whether fast track is realistic, we’ll advise you.

    Yes. You can enrol any time and begin studying when it suits you. However, if your course involves an exam, you’ll need to complete all assignments and assessments (also known as coursework or NEA — Non-Exam Assessment) in time for set exam dates — so don’t leave it too late!

    If you’re planning to apply to university, please also be aware of UCAS deadlines. For example, to receive predicted grades through our UCAS Application Service, you’ll need to have completed a certain number of assignments by specific dates.

    Check the individual course pages for guidance, or book a call with an advisor to discuss your timeline and study plans.

    Yes — NEC is ideal for international students. Many of our courses are available worldwide, but there are a few things to check before enrolling:

    Exams: You’ll need to arrange a local exam centre. AQA does not offer international exams, so you’ll need to travel to the UK for those.

    Qualification recognition: Ensure your chosen qualification is recognised in your country.

    Our team is happy to help you explore your options.

    People who study AS level Economics also take…