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Through the Cambridge International AS and A Level Economics syllabus, learners study how to explain and analyse economic issues and arguments, evaluate economic information, and organise, present and communicate ideas and judgements clearly. A recession is a period that is defined as a decrease in national income or real GDP for two economic quarters. AS Level Our refreshed Economics A Level qualification gives a strong grounding in both micro- and macroeconomics, and applies both to the modern world, making it topical and engaging. Phillips Curve Notes & Questions (A-Level, IB Economics), Edexcel Economics notes & questions by topic, Price Controls Notes (A-Level, IB Economics), Qurious Education | Admissions | Tutoring. Answers of different candidates are taken and comments are given by the examiner, to indicate where and why marks were awarded, and how additional marks could have been obtained. 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