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Economics


What is the overall aim of what we are learning in Economics?

  • Develop an understanding of economic concepts and apply these concepts to real-life situations.
  • Calculate, interpret and evaluate economic data in order to make reasoned arguments and informed judgements.
  • Develop an awareness of economic change and its impact on developing and developed economies. 
  • Understand economic issues, problems and possible solutions that affect mixed economies.
  • Participate effectively in society as citizens, producers and consumers.

     

What are students learning in Year 12 & 13?

Theme 1: Introduction to markets and market failure
Theme 2: The UK economy – performance and policies
Theme 3: Business behaviour and the labour market
Theme 4: A global perspective
 

Why are they learning these things? 

  • To develop an interest in, and enthusiasm for, the subject. 
  • To appreciate the contribution of Economics to the understanding of the wider economic and social environment. 
  • To use an enquiring, critical and thoughtful approach to the study of Economics and develop an ability to think as an economist.
  • To appreciate the contribution of Economics to the understanding of the wider economic and social environment. 
  • To develop an understanding of a range of concepts and an ability to use those concepts in a variety of different contexts.
  • To understand that economic behaviour can be studied from a range of perspectives. 
  • To develop analytical and quantitative skills, together with qualities and attitudes that will equip them for the challenges, opportunities and responsibilities of adult and working life.

 

Year 12 - Scheme of Learning Overview
  Theme 1: Introduction to markets and market failure
1.1 The Nature of Economics
1.2 Production Possibility Frontiers
1.3 Specialisation
1.4 How Markets Work
1.5 Demand
1.6 Supply
1.7 Price Determination
1.8 Elasticities 1
1.9 Elasticities 2
1.10 Consumer and Producer Surplus
1.11 Taxes and Subsidies
1.12 Market Failure
1.13 Externalities and Government Intervention
  Theme 2: The UK economy - performance and policies
2.1 Inflation
2.2 Economic Growth
2.3 Unemployment
2.4 Balance of Payments
2.5 Aggregate Demand
2.6 Aggregate Supply
2.7 National Income
2.8 Demand Side Policies
2.9 Supply Side Policies
2.10 Macroeconomic Objective: Policy Conflict
Year 13 - Scheme of Learning Overview
  Theme 3: Business behaviour and the labour market
3.1 Sizes and Types of Firm
3.2 Revenues, Costs and Profits
3.3 Market Structures
3.4 Government Intervention
3.5 Labour Market
  Theme 4: Global Perspective
4.1 International Economics
4.2 Role of the State in the Economy
4.3 Poverty and Inequality
4.4 Emerging and Developing Economies
4.5 The Financial Sector



How can I find out more about what students are learning?

Schemes of Learning Over the course of this academic year, we will be sharing links to our schemes of learning. You can click on these links to see more about what your child is studying.
GCE Exam Board See the exam board specification below for a full outline of how the course is structured.
GCE Specification  Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
Subject Contact The name and email address of the subject leader can be found below. Please feel free to contact them if you have any further questions or would like to learn more about the curriculum students are following.
Subject Leader & email Mr A Deb       adeb@northolthigh.org.uk