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Economics
The economics department consists of two members of teaching staff and is housed within the Business Studies area of the school.  There are dedicated classrooms along with a well stocked departmental library area and constant access to IT.  The department currently aims to create an atmosphere that is dynamic in terms of its delivery of subject material, stimulating and engendering an awareness of events and issues within the global business and economic environment. 
KEY STAGE 5

Year 12 OCR Economics

The OCR AS Level in Economics specification gives a strong grounding in both microeconomics and macroeconomics, through a two-component externally assessed qualification.  The key purpose of this qualification is to provide an introduction to the study of Economics, with the content focusing on providing the basic knowledge and understanding of the essential aspects of economic theory and concepts.  The aim is for the learners to learn how to 'think as economists', and be able to develop the necessary analytical, questioning and quantitative skills in order to progress in the subject, within relevant asociated subjects or for use in their professional lives.  Learners will develop various skillsets - from data analysis, problem solving and high tariff writing to independent learning, critical thinking and decision making - which can make them stand out as they progress to higher education and/or the workplace.

Microeconomics (01)*

  • 60 marks
  • 1 hour 30 minutes written paper
  • 50%

Macroeconomics (02)*

  • 60 marks
  • 1 hour 30 minutes written paper
  • 50%

Content:

  • Microeconomic theory
  • How competitive markets work - Market failures and government intervention
  • Macroeconomy functions on a domestic and global level
  • Policy approaches
  • Macroeconomic equilibrium

Year 13 AQA Economics - Subject content

Individuals, firms, markets and market failure

  • Economic methodology and the economic problem
  • Individual economic decision making
  • Price determination in a competitive market
  • Production, costs and revenue
  • Perfect competition, imperfectly competitive markets and monopoly
  • The labour market
  • The distribution of income and wealth: poverty and inequality
  • The market mechanism, market failure and government intervention in markets

The national and international economy

  • The measurement of macroeconomic performance
  • How the macroeconomy works: the circular flow of income, AD/AD analysis and related concepts
  • Economic performance
  • Financial markets and monetary policy
  • Fiscal policy and supply-side policies
  • The international economy

Assessments

Paper 1

  • Content 1-8 above

Assessed

  • Written exam: 2 hours
  • 80 marks
  • 33.3% of A level

Questions

  • Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks
  • Section B: essay questions requiring written answers, choice of one from three worth 40 marks

Paper 2

What's assessed

  • Content 9-14 above

Assessed

  • Written exam 2 hours
  • 80 marks
  • 33.3% of A level

Questions

  • Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks
  • Section B: essay questions requiring written answers, choice of one from three worth 40 marks

Paper 3

What's assessed

  • All content 1-14 above

Assessed

  • Written exam 2 hours
  • 80 marks
  • 33.3% of A level

Questions

  • Section A: multiple choice questions worth 30 marks
  • Section B: case study questions requiring written answers, worth 50 marks
USEFUL WEBSITES

http://www.tutor2u.net

http://brynsaseconomicsblog.blogspot.com

http://www.s-cool.co.uk

http://www.sparknotes.com/economics/

http://www.jusbiz.org

http://www.revisionguru.co.uk/economics

http://economix.blogs.nytimes.com