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WHY STUDY THIS SUBJECT?

How will Brexit affect the UK and the World? Why do footballers earn so much more than nurses? Is it time to end the ‘Throw Away’ society?

Economics is different from almost everything you will have studied before. It brings together a whole range of different skills – writing essays, analysing numerical data, interpreting articles and evaluating ideas.

Economics combines very well with almost all other subjects, ranging from Mathematics and Physics to History and Geography where there are a range of issues in common. If you are interested in the reasons for and the effects of the recent upheavals in the world economy, then this is the subject for you.

ENTRY REQUIREMENTS

You will require a GCSE in Mathematics and English
Language at Grade 5 or higher.

A commitment to work hard and an interest in the world around you are also essential. You will be expected to read newspapers and watch the news. You will be encouraged to subscribe to a magazine specifically aimed at Sixth Form economists, such as ‘Economics Today’.

SYLLABUS

YEAR 12

Theme 1: Introduction to Economics and market failure

  • The nature of Economics
  • How markets work
  • Market failure
  • Government intervention

Theme 2: The UK economy – performance and policies

  • Measures of economic performance
  • Aggregate demand
  • Aggregate supply
  • National income
  • Economic growth
  • Macroeconomic objectives and policy

YEAR 13

Theme 3: Business behaviour and the labour market

  • Business growth
  • Business objectives
  • Revenues, cost and profits
  • Market structures
  • Labour market
  • Government intervention

Theme 4: A global perspective

  • International Economics
  • Poverty and equality
  • Emerging and developing economies
  • The financial sector
  • Role of the state in the macro-economy

HOW WILL I BE ASSESSED AND EXAMINED?

There will be 3 final examinations in Year 13 which will involve a combination of multiple choice, short answer, data response and essay answers.

FUTURE COURSES AND POSSIBLE CAREERS

In the future, Economics can lead on to a huge range of degrees and careers. Economics graduates are the second-highest average earners after graduation in the UK and the subject is both useful and important for work in fields such as management, import/export, banking, law, international finance, politics, transport, accountancy and a vast number of business-related careers.