Enquiry Form

Economics

 

SUBJECT AIM

Economics is a social science that is concerned with key issues facing us today, including globalisation, pollution and poverty. It is essentially about choice: why different people and groups of people, such as governments, have to make choices; the choices that they make, and the consequences of those choices. Economics teaches students to think logically and to use theories to understand how economies operate. It plays a huge role in our daily lives and you will be taught methods used by economists and how to understand issues such as inflation, unemployment, pollution, demand and supply, exchange rates, interest rates, and the difficult decisions governments face when they attempt to steer the economy in a chosen direction.

WHAT YOU WILL STUDY

STRUCTURE AND CONTENT OUTLINE- 8 Units over 2 Years

  • The individual as a producer, consumer and borrower
  • The private firm as a producer and employer
  • Role of government in the economy
  • Economic indicators
  • Developed and developing economies: trends in production, population and living standards
  • International aspects
  • Basic economic problem
  • The allocation of resources: how the market work; market failure

HOW WILL YOU BE ASSESSED

 

 

 

IGCSE Economics (A*-C)

 

Paper 1

Paper 2

Theory Multiple Choice

30Marks

45 Minutes

30% weighting

Structured Questions

90 Marks

2 hours 15 Minutes

70% weighting

 

WHAT THIS SUBJECT CAN LEAD TO

PROGRESS FROM IGCSE

  • A knowledge of Economics is an essential when doing IB Economics.
  • At university, Economics can be studies as a BA, BComm, BEcon, BBA, MBA degrees
  • In industry, Economists are hired in all areas of business, for example:
    • Stock Markets
    • International Law
    • Banking and Finance
    • Research and Statistical Analysis
    • Academia (Lecturing and Teaching)
    • International Trade
    • Politics
    • Diplomatic services
    • Government Agencies

Year 10

Term

Overarching topic

Assessment

Learning Resources

Half Term 1

1.1 Intro & ‘Basic Economic Problem’

1.2 Factors of Production

1.3 Opportunity Cost

1.4 Production Possibility Curve (PPC)

Summative Test Past exam questions mixture pf P1 Multiple choice and P2 20 mark question

 

IG Eco ppt lessons in Teams

Hoang textbook,

Hoang workbook,

Grant workbook

Khan Academy

Online Quizzes – Microsoft forms – self assessed.

Half Term 2

 2.0 ‘Allocation of Resources’

2.1 Micro and Macroeconomic

2.2 Role of Markets

2.3 Demand

2.4 Supply

Summative Test Past exam questions mixture pf P1 Multiple choice and P2

 This assessment will be cumulative all prior knowledge will be tested.

Half Term 3

2.5 Price determination

2.6 Price changes

2.7 Price elasticity of demand

2.8 Price elasticity of supply

2.9 Market economic system

Summative Test Past exam questions mixture pf P1 Multiple choice and P2

 This assessment will be cumulative all prior knowledge will be tested.

Half Term 4

2.10 Market failure

2.11 Mixed economic system

3.0 Microeconomic decision makers

Summative Test Past exam questions mixture pf P1 Multiple choice and P2

 This assessment will be cumulative all prior knowledge will be tested.

Half Term 5

3.1 Money and banking

3.2 Households

3.3 Workers

3.4 Trade unions

Summative Test Past exam questions mixture pf P1 Multiple choice and P2

 T This assessment will be cumulative all prior knowledge will be tested.

Half Term 6

3.5 Firms

3.6 Firms and production

Year 10 End of year Mock exam – P1 Multiple choice and P2 structured.

Year 11

Term

Overarching topic

Assessment

Learning Resources

Half Term 1

3.7 Firms’ costs, revenue and objectives

3.8 Market structure

4 Government and the macro economy

4.1 The role of government

4.2 The macroeconomic aims of government

4.4 Fiscal policy

Summative Test Past exam questions mixture pf P1 Multiple choice and P2

 T This assessment will be cumulative all prior knowledge will be tested.

IG Eco ppt lessons in Teams

Hoang textbook,

Hoang workbook,

Grant workbook

Khan Academy

Online Quizzes – Microsoft forms – self assessed

 

Half Term 2

4.5 Monetary policy

4.6 Supply-side policy

4.7 Economic growth

4.8 Employment and unemployment 4.9 Inflation and deflation

Summative Test Past exam questions mixture pf P1 Multiple choice and P2

 T This assessment will be cumulative all prior knowledge will be tested.

Half Term 3

5 Economic development

5.1 Living standards

5.2 Poverty

5.3 Population

5.4 Differences in economic development between countries

Year 11 End of year Mock exam – P1 Multiple choice and P2 structured.

Half Term 4

6 International trade and globalisation 6.1 International specialisation

6.2 Globalisation, free trade and protection

6.3 Foreign exchange rates

6.4 Current account of balance of payments

Year 10 End of year Mock exam – P1 Multiple choice and P2 structured.

Half Term 5

Revision

Final Exam

Half Term 6

FINAL IGCSE EXAMS