Economics

Departmental approach to the curriculum

Economics A level aims to enable students to develop an interest in and an enthusiasm for the subject, and to appreciate the contribution of economics to the understanding of the wider economic and social environment.  It introduces a tool kit of economic theories and concepts to describe and explain economic behaviour at a business, national and international level. Through this it will encourage an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist.  It will also develop analytical and quantitative skills, together with qualities and attitudes that will equip them for the challenges, opportunities and responsibilities of university study and working life.


 

Long Term Curriculum Overviews

Year 12 and 13

Exam board - Edexcel

Course - Economics A

 

The economics A level is split into four main themes.  The first two sections will be covered in Year 12.

 

Introduction to Markets and Market Failure

Students will develop a knowledge of the nature of economics, how markets work, market failure and government intervention. 

1.1 The nature of economics

1.2 How markets work

1.3 Market failure

1.4 Government intervention

 

UK Economy – performance and policies

Students will develop an understanding of the measures of economic performance, aggregate demand, aggregate supply, national income, economic growth, macroeconomic objectives and policy. 

2.1 Measures of economic performance

2.2 Aggregate demand

2.3 Aggregate supply

2.4 National income

2.5 Economic growth

2.6 Macroeconomic objectives and policy 

 

In Year 13 they will study:

 

Business Behaviour and the Labour Market

In this theme students will examine business growth, business objectives, revenues, costs and profits, market structures, labour market and Government intervention.

3.1 Business growth

3.2 Business objectives

3.3 Revenues, costs and profits

3.4 Market structures

3.5 Labour markets

3.6 Government intervention

 

Global Perspective

Students will be expected to gain an understanding of international economics, poverty and inequality, emerging and developing economies, and the international financial sector.

4.1 International economics

4.2 Poverty and inequality

4.3 Emerging and developing economies

4.4 The financial sector

4.5 The role of the state in the macroeconomy

How can you help your child succeed in economics?

It is important that students have an interest in the economic world around them and in current affairs, have the ability to communicate effectively and are competent in mathematical techniques such as calculating percentages and interpreting graphs. 

Discussions at home regarding current affairs and news relating to economics will aid students to gain a deeper understanding of what is being taught in the classroom.  This shall also reinforce the use of economic language which is essential to show knowledge and understanding.

Helpful websites and further information