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Economics

Key Stage 4

OCR Economics (9-1) J205

Year 10 Year 11

1.1 Main economic groups and factors of production
1.2 The basic economic problem
2.1 The role of markets
2.2 Demand
2.3 Supply
2.4 Price
2.5 Competition
2.6 Production
2.7 The Labour market
2.8 The role of money and financial markets
3.1 Economic growth
3.2 Low unemployment
3.3 Fair distribution of income
3.4 Price stability
 

3.5 Fiscal policy
3.6 Monetary policy
3.7 Supply side policies
3.8 Limitations of markets
4.1 The importance of International trade
4.2 Balance of payments
4.3 Exchange rates
4.4 Globalisation






 

 

Key Stage 4 assessment

  • Regular class topic tests at the end of each topic - definitions, explanations and calculations
  • Multiple choice questions
  • Extended essays - Supply and demand, Competition, The Labour market, Inflation
  • Research tasks eg Assess the economic impact of the Working Time Directive
  • Exam questions – both in class and set as homework

 

Key Stage 5

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

Year 12
Year 13

1.1 Nature of Economics
1.2 How markets work
1.3 Market Failure
1.4 Government Failure
2.1 Measures of economic performance
2.2 Aggregate demand (AD)
2.3 Aggregate supply (AS)
2.4 National income
2.5 Economic growth
2.6 Macroeconomic objectives and policies

3.1 Business growth
3.3 Revenues, costs and profits
3.4 Market structures
3.5 Labour market
3.6 Government intervention
4.1 International economics
4.2 Poverty and inequality
4.3 Emerging and developing economies
4.4 The financial sector
4.5 Role of the state in the macro-economy

 

Key Stage 5 assessment

  • Regular class topic tests at the end of each topic - definitions, explanations and calculations
  • Multiple choice questions with extended answers – emphasis on “chain of reasoning”
  • Extended essays - analysis and evaluation
  • Research tasks eg “Should the government put a tax on sugar?”
  • Exam questions – both in class and set as homework

 

Curriculum enrichment outside of the classroom

  • Visitors from Bank of England, Treasury and private firms eg KPMG, HS2 pressure group leader, Silverson Engineering
  • Attend lectures at other schools
  • Access to the Financial Times; subscription to the Economist; Royal Economic Society
  • Videos: The big short; Enron Scandal, Ted Talks
  • Recommend play “The Lehman Trilogy”
  • Royal Economics Society Essay competition
  • Updates of opportunities for careers in Economics eg Collaboration of Kent University with Civil Service
  • Purchased an online economics package packed with current data and in-depth analysis

A level Economics - please see the Sixth Form Section of our website: sixth-form-subject-information