Economics at KS5

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If you require any further information about the curriculum we are following in this subject, please contact the Head of Department.

Course ID
Edexcel 9EC0
Faculty
Social Sciences
Department
Economics
Level
Key Stage 5 ('A' Level)
Head of Faculty
J. David
Head of Department
B. Smith

In the first year of the Economics course, students will be introduced to microeconomic and macroeconomics.

Microeconomics addresses issues such as: ‘Why are house prices so high?’, ‘Can pollution effectively be controlled?’ and ‘When, how and why should governments interfere with markets?’. Macroeconomics issues include: ‘Why does the Government have an inflation rate target and how does it affect us?’, ‘What happens to the economy if people decide to spend more?’, ‘How are we positively and negatively affected by the growth Chinese and Indian economies? And ‘What will Brexit mean for the UK, European and global economies, business and citizens?’. In the second year of the Economics course, students will develop a considerably more advanced understanding of microeconomic and macroeconomics concepts and theories, and learn to deeply analyse and evaluate the values and limitations of economic models. Students will explore these ideas with a more global context, which includes the impact of globalisation on UK economic performance; and how the interaction of firms in a market; the competing objectives of, and various influences on, economic factors can have implications for the efficiency and equity of markets and the global economy. We follow the GCE in ‘A’ Level Economics as set out in the Edexcel Specifications for Economics A.

Curriculum Termly Breakdown by Year

Year 12

Term Unit of Work Assessment
Autumn 1 Economics as a social science, positive and normative economic statements, The economic problem, production possibility frontiers, specialisation and division of labour, demand and supply, price determination. Macroeconomic objectives (economic growth, inflation and balance of payments). Microeconomics essay 10 marks.
Microeconomics – mini mock 40 marks.
Macroeconomic topic test.
Macroeconomics 20 mark essay.
Autumn 2 Demand elasticities, elasticity of supply, consumer and producer surplus, market failure (positive and negative externalities). Employment, other macroeconomic objectives and characteristics of AD. Microeconomics – 15 mark examination question.
Microeconomics mini mock 40 marks.
Macroeconomics 20 mark essay.
Spring 1 Market Failure (public goods and information gaps), Government Intervention. Aggregate supply, circular flow of income and trade cycle. Microeconomics 20 mark essay.
Macroeconomics 20 mark essay.
Macroeconomics mock exam – faculty based.
Research task – demand side responses to financial crisis and the great depression.
Spring 2 Government Failure. Revision of Year 12 content covered.
Demand side policies and supply side policies.
Microeconomics mini-mock class based.
Macroeconomics class test.
Summer 1 Labour Market – Year 13 topic.
International Economics – Year 13 topic.
Microeconomics Paper 1 full mock examination.
Macroeconomics Paper 2 full mock examination.
Summer 2 Labour Market – Year 13 topic.
International Economics – Year 13 topic.
Labour market 25 mark essay.
Labour market 25 mark essay over summer holidays.
International Economics research topic.

 

Year 13

Term Unit of Work Assessment
Autumn 1 Business growth, business objectives, revenue, cost and profits. 10-mark microeconomics examination question.
15-mark microeconomics examination question.
Autumn 2 Market structures. 25-mark microeconomics essay.
Spring 1 Market structures continued, Government intervention. Microeconomics Paper 1 Mock Examination.
Macroeconomics Paper 2 Mock Examination.
Spring 2 Revision of AS and A2 Microeconomics.
Revision of AS and A2 Macroeconomics.
Macro and microeconomics Paper 3 mock examination.
Microeconomics Paper 1 mock examination.
Macroeconomics Paper 2 mock examination.
Summer 1 Revision of AS and A2 Microeconomics.
Revision of AS and A2 Macroeconomics.
Micro and Macro economics paper 3 mock examination.
Summer 2 ‘A’ Level Examination. ‘A’ Level Examination.

 

Extended Learning

Year 12

Websites Read Visit or Watch Extra
EconplusDal; Tutor2u. Economics in One Lesson (Henry Hazlitt); What is Seen and What is Not Seen, an essay (Frederic Bastiat); The Undercover Economist (Tim Harford); Freakonomics (Stev Steven D. Levitt, Stephen J. Dubner); Too Big To Fail (Andrew Ross Sorkin); Dead Aid (Dambisa Moyo); Economics for Dummies (Sean Masaki Flynn); The Armchair Economist (Landsburg); Trouble with Markets (Roger Bootle); An introduction to economics in 5000 words and a bit (keweipress.com) EconplusDal Economics Society run by the students for the students. Trip to New York. Possible trip to Brussels.

 

Year 13

Websites Read Visit or Watch Extra
EconplusDal; Tutor2u. Economics in One Lesson (Henry Hazlitt); What is Seen and What is Not Seen, an essay (Frederic Bastiat); The Undercover Economist (Tim Harford); Freakonomics (Stev Steven D. Levitt, Stephen J. Dubner); Too Big To Fail (Andrew Ross Sorkin); Dead Aid (Dambisa Moyo); Economics for Dummies (Sean Masaki Flynn); The Armchair Economist (Landsburg); Trouble with Markets (Roger Bootle); An introduction to economics in 5000 words and a bit (keweipress.com) EconplusDal Economics Society run by the students for the students. Trip to New York. Possible trip to Brussels.

 

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