Economics will give students an excellent understanding of how economies allocate their scarce resources to meet the needs and wants of their citizens. They will develop a greater understanding of the economic problems which face individuals, firms and governments on a local, national and global level and the alternative ways these problems can be resolved.
Key Stage 4 Overview
Students will study for a GCSE in Economics. In Year 10, students will study microeconomics and in Year 11, macroeconomics.
Year 10 topics
Microeconomics – The role of economic groups, the basic economic problem, demand and supply, competition, productivity, the labour market, the role of money and financial markets.
Year 11 topics
Macroeconomics – Economic growth, unemployment, inflation, international trade, globalisation and the use of economic policy by governments.
How is this qualification assessed?
Exam Board – OCR – assessment is at the end of the course. Two exams. 90 minutes each.
Introduction to Economics – 80 marks. Written paper. 50% of total GCSE (9-1)
National and International Economics – 80 marks. Written paper. 50% of total GCSE (9-1)
Key Stage 4 Homework
One homework is set per week. Homework is usually different combinations of multiple-choice questions, data response or an essay question.
How is this subject assessed?
Students will sit a progress test at the end of each section, once every half term.
How does this subject fulfil SMSC needs?
Economics is a social science. Students will study how individuals, businesses and governments interact to achieve shared objectives. Economics also poses many moral questions, as individuals, businesses and governments may have different objectives.
How does the subject challenge more able pupils?
Economics is a rigorous subject. Economics is a unique subject as it requires students to become skilled in both literacy, through debating and essay writing, and numeracy, through calculating and interpreting formula and graphs.
What provision is made for pupils with SEND?
Quality first teaching in all of our lessons places an emphasis on high-quality inclusive teaching that utilises a range of strategies to support the learning of pupils with SEND in the classroom.
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