Economics
Rationale
Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. The economic way of thinking can help us make better choices.
Overview
Term 1 |
Term 2 |
Term 3 |
Term 4 |
Terrm 5 |
Term 6 |
|
Year 12 |
Economic Principles. Demand and Supply in Markets | Market Failure | Costs and Revenue for Firms | Types of Market Structures | Macro Economics | Government Policies |
Year 13 |
The Labour Market | International Economics. Globalisation. | Trade and Exchange | Development Economics and Revision | Revision |
Post 16
The Economics course is examined by three papers that corresponed to the three sections of the syllabus. The first looks at markets and how they function and whether they produce th end produce that is best for our economy. The role of Government is looked at in relation to if the markets fail to work efficiently and how Government intervenes to correct market falure. The second part concentrates on how the whole economy functions. Topics include, levels of employment, rising prices and our relationship with the rest of the world.The third part is a synoptic question which brings both parts into a senario which students have to use their knowledge to analys and problem solve. Economics is always relevent in the present and fits with significant numbers of University courses and employment prospects.
Extra Curricular Opportunities
As part of the first year ccourse, we take students on a visit to the City of London. We tour the Bank of England Museum, look at other institutions in the City and visit the only University in the Square Mile, The Institute of Banking and Finance which offers Economics undergraduate courses. We then move on to Camden Market as an example of the working of the Free Market in operation.
Online Resources
Exam Boards
AQA