|
Head of Department: Mr Paul Beeston
Economics is studied at AS Level in Year 12 at A2 level in Year 13. In Year 12 AS level students are introduced to micro and macro economics. In Year 13 A2 level students develop their micro and macro economics through wider study and more detailed analysis and evaluation.
In Year 13 Economics is studied through the context of the European Union and the Global Economics
Year 12 (AS level) Econ 1
25% of overall mark
Students are introduced to micro-economics. Demand and supply are studied to explain how goods are allocated in the market economy. Market failure and reasons for government intervention are studied.
Econ 2
25% of overall mark
Students are introduced to macro-economics and the Government’s four principle macro-economic targets of Economic Growth Low Inflation, Low Unemployment and a balanced current account. How the Government uses Fiscal Policy (taxation and government spending) and the Bank of England uses Monetary Policy (internet rates) to influence Aggregate Demand. How supply side policies can be used to increase aggregate supply to achieve macro-economic targets.
Year 13Econ 3
25% of overall mark
Students study different models of business competition and reasons for the unequal distribution of income. The impact of Trade Unions and Government policies to reduce inequality are studied including the minimum wage.
Econ 4
25% of overall mark
Detailed study is made of the Government managing the National Economy together with a study of International Trade and Exchange Rate Determination.
|
