Economics is about choice and its impact on us from a social, financial and cultural perspective. The subject looks at all the different factors that affect wealth and well-being. Studying economics gives candidates an appreciation of how markets and governments work, and how economic decisions affect our lives.
Key Stage 3 and 4
Economics works in partnership with Ethics and Cultural studies, History, Geography and Sociology in providing support for developing cross-curriculum learning by helping these subjects cover and teach economic concepts and terminologies throughout KS3 and KS4.
This allows Economics to prepare students with a foundational knowledge towards the introduction of Economics in A ‘Levels. This is done in the following ways:
Ethics and cultural Studies
- Poverty
- Labour Market
- Taxation
- Banking
- Consumerism and Consumer Rights
History
- Economic causes and consequences of historical events. E.g. Feudal System
Geography
- Developed and Developing countries
- Economic developmen
- Markets
- Exchange Rates
- Economic impact of environmental changes and vice versa
Sociology
- Economic impacts and reasons linking to Education, Family and Crime
Slavery, British Empire, colonialisation
Key Stage 5
During KS5, Economics is taught over 2 years through 4 Themes: Introduction to markets and market failure, The UK economy – performance and policies, Business behaviour and the labour market, and global perspective.
Students will know the function and process of various aspects of the economic system such as the financial marketplace, allocations of resources within an economy, production and efficiency in business, and government intervention through policies. Students graduating from Economics gain a range of applied skills that employers look for such as analysis and evaluation skills, numeracy, cultural awareness, communication, and problem solving skills.
Curriculum Enrichment
Students are encouraged to partake in personal enrichment for the benefit of their studies. Here are examples where students can further enrich their learning outside of the classroom:
- Enrol on a MOOC
- Participate in a Summer School
- Undertake part-time training or work experience
- Learning online trading
- Read Economic books, newspapers and articles
- Trip to the Bank of England
Homework
Homework is expected of Year 12 and 13 students to be undertaken every week. All homework task and quizzes are set on showmyhomework.co.uk for students to complete and submit. Homework tasks will be set based on the topic of study.
Additionally, teaching notes will be shared for students to revise from. Students are strongly encouraged to develop revision habits and techniques early in their studies alongside their homework.
Career Opportunities
Studying Economics provides opportunities beyond the classroom by enabling further career development towards either a business orientated degree/career as well as humanities degree.
With Economics, students can find work in both the public and private sectors for a range of different companies over many different industries. Some of the major careers are: Analyst, Accountancy, Economist, Auditor, Statistician, and Stockbroker.
Exam Boards
Exam Board Name CODE
The Pearson Edexcel Level 3 Advanced GCE in Economics A
GCE – 9EC0
Exam papers
Paper 1: Markets and business behaviour
Paper 1: 9EC0/01
Paper 2: The national and global economy
Paper 2: 9EC0/02
Paper 3: Microeconomics and macroeconomics
Paper 3: 9EC0/03
Support for exams
- http://www.tutor2u.net/blog/index.php/economics/
- https://www.economicshelp.org/
- http://www.s-cool.co.uk/a-level/economics
- https://www.physicsandmathstutor.com/
- https://www.economicsonline.co.uk/
- https://app.senecalearning.com
