The subject content looks at economic activity through the lens of consumers, producers, government and the workings of the global economy. As students go through the course they are presented with opportunities to focus on real-
Students should use their economic knowledge and skills to investigate national and global economic situations and issues from the last 15 years. Students should also be aware of the policies that governments have used to attempt to manage these situations and issues.
Students will develop quantitative skills relevant to the subject content. They should be able to make relevant calculations from economic data and be able to interpret data presented in the form of graphs and charts.
Students should be able to recognise the possible limitations of both quantitative and qualitative data.
COMPONENT 1 -
(50%) Focuses on economic foundations, resource allocation, how prices are determined, production, costs, revenue and profit, competitive and concentrated markets.
COMPONENT 2 -
(50%) Focuses on an introduction to the national economy, government objectives, how the government manages the economy, international trade and the global economy, the role of money and financial market.
There is no coursework in Economics and students will be required to complete two exams at the end of Year 11, each 1 hour and 45 minutes long requiring skill with the written word and a strength in Maths.
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Mr A Sharples