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Economics

"Our students develop an understanding of economic concepts and apply these concepts to real-life situations"
"Our students develop an understanding of economic concepts and apply these concepts to real-life situations"

 

The IGCSE and IAL courses are designed to give students a sound understanding of Economics, and the ability to use knowledge, skills and understanding appropriately in the context of individual countries and the global economy.

Through the course students:

  • Develop an understanding of economic concepts and apply these concepts to real-life situations
  • Interpret and evaluate economic data in order to make reasoned arguments and informed judgements
  • Develop an awareness of economic change and its impact on developing and developed economies
  • Understand economic issues, problems and possible solutions that affect mixed economies

 

  • YEAR 10 AND 11

     

    For students starting the IGCSE course in August 2016.

    ·        Qualification: International GCSE Economics

    ·        Examination Board: Edexcel

    ·        Syllabus/ Specification: Economics 4EC0

    ·        Subject Code: 10En / 11En

    ·        Hours: 3 hours per week

    ·        Details: http://www.edexcel.com/quals/igcse/igcse09/economics/Pages/default.aspx

    For students starting the IGCSE course in August 2017.

    ·        Qualification: International GCSE Economics

    ·        Examination Board: Edexcel

    ·        Syllabus/ Specification: Economics 4EC1

    ·        Subject Code: 10En / 11En

    ·        Hours: 3 hours per week

    ·        Details: http://qualifications.pearson.com/en/qualifications/edexcel-international-gcses-and-edexcel-certificates/international-gcse-economics-2017.html


    Overview of Content

    Year 10

    • The Market System
    • Demand and supply
    • The role of the market in solving the economic problem
    • The labour market
    • Business Economics
    • Production
    • Competition
    • Public and private sectors 

     Year 11

    • Government and the Economy
    • Macroeconomic objectives
    • Macroeconomic Policies
    • The Global Economy
    • Globalisation
    • International trade
    • Exchange rates

    Final Assessment

    Final Examination 100%

    Data response questions which focus on knowledge and application from all areas of the syllabus. Question types include multiple choice, completion and labelling of diagrams and business models, and extended application questions.

  • Year 12 And 13

    Qualification: International A Level

    Examination Board: Edexcel
    Syllabus/ Specification: Economics
    Subject Code: YEC01
    Hours: 6 hours per week
    Details: http://qualifications.pearson.com/en/qualifications/edexcel-international-advanced-levels/economics.html


    Course Content

    The Edexcel International A Level in Economics is designed to develop an understanding of economic concepts and theories through critical consideration of current economic issues, problems and instructions that affect everyday life.

    Students will be required to analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it.

    Through the course students will:

    • Develop an interest in and enthusiasm for the study of the subject
    • Appreciate the contribution of economics to the understanding of the wider economic and social environment
    • Develop an understanding of a range of concepts and an ability to use these concepts in a variety of different contexts
    • Help students to use an enquiring, critical and thoughtful approach to the study of economics and an ability to think as an economist
    • Develop the skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life. 

    Year 12

    IAS Unit 1: Markets in Action
    This unit provides an introduction to the nature of economics and examines how the price mechanism allocates resources in local, national and global markets. It analyses the nature of market failure, its causes and possible policy remedies.

    Final Assessment (50% of the total IAS marks, 25% of the total IAL marks):
    Examination of 1 hour 30 minutes, consisting of supported multiple-choice questions and one data response question out of a choice of two questions.

    IAS Unit 2: Macroeconomic Performance and Policy
    This unit introduces the key measures of economic performance and the main objectives and instruments of economic policy in an international context.

    Final Assessment (50% of the total IAS marks, 25% of the total IAL marks):
    Examination of 1 hour 30 minutes, consisting of supported multiple-choice questions and one data response question out of a choice of two questions. 


    Year 13

    IA2 Unit 3: Business Behaviour
    This unit develops the content of Unit 1 and examines how the pricing and nature of competition between firms is affected by the number and size of market participants.

    Final Assessment (50% of the total IA2 marks, 25% of the total IAL marks):
    Examination of 2 hours, consisting of two essay questions from a choice of four questions and one data response question out of a choice of two questions.

    IA2 Unit 4: Developments in the Global Economy
    This unit develops the knowledge and skills gained in Unit 2. It examines policies to solve global economic problems.

    Final Assessment (50% of the total IA2 marks, 25% of the total IAL marks):
    Examination of 2 hours, consisting of one essay question with two parts from a choice of three topic areas, and one data response question out of a choice of two questions.
"Our students develop an understanding of economic concepts and apply these concepts to real-life situations"