Economics is a popular subject at GCSE and at AS and A Level at Kingsdale.
Economics is a highly academic subjects so our approach is thorough and expectations from pupils are high.
Students achieve excellent results and many choose to study the subjects further at university level. The department aims to make both subject matter inspiring and relevant to the real world.
The dynamic nature of economics and business is brought into the classroom with daily newspapers and the internet based news. Students are encouraged to achieve their full potential through activities including visits, role play, drama, independent research and presentations as well as competitions.
Students participate regularly in The Bank of England and Times Interest Rate Challenge. The use of ICT is an integral part of teaching and learning. Support, including additional tuition lessons is offered to those particularly keen to study the subject further at university.
Examination Board: AQA
Subject title: Economics
Course code: 4135
Examination: 100% - 2 papers of 1¼ hours each
This is a single award GCSE. Unlike most GCSE courses this does not include a coursework element.
Who will enjoy GCSE Economics as a subject?
If you think the news is boring this course is NOT for you. This course will appeal to students who have an interest in current affairs, have an enquiring mind and are capable of questioning decisions made by the Government.
Money – Why and how does our spending decisions change throughout our lives? What is the best way to spend, save and borrow money?
Work – Why do people work and how they are rewarded for it. A look at unemployment and the solutions for it.
National and Global Economy – An overview of international trade and the use of exchange rates. Studies the power of the consumer and the national and global economy.
Managing the Economy – The economic objectives of the Government and how it uses different policies to deal with the economy.
Current Economic Issues – Learn about foreign economies, environmental concepts and poverty
AS and A Level Economics
Economics is a social science which relates to the consequences of decision-making in everyday life. It has links particularly to history, geography, politics, psychology, law and philosophy. Its topicality makes it relevant to all who wish to study how and why economic systems function as they do. The course is based around four themes which comprise the microeconomic environment (individuals’ decisions and firms’ behaviour), and macroeconomics (UK and the global economy).
The course will help you understand many issues in the world around you such as market competition, prices, government policy, the welfare state, international trade, economic development, sustainability and much more. Recent changes to content mean that financial markets are covered in more depth, some basic economic history is included, and elements of behavioural economics are investigated also. As there are few areas in our lives in which Economics does not appear in some form, the lessons often involve lively argument and debate surrounding current, topical issues.
It is expected that candidates achieve a grade A or above in Mathematics GCSE to qualify for entry to this course. Economics has relevance in all areas of society. Many examples from the real world are used to help learning and understanding, so an interest in and an awareness of current affairs would be useful. The ability to write well is a distinct advantage.
This linear two year Edexcel course is built upon four themes, two of which are microeconomic and two macroeconomic.
Theme 1 Introduction to markets and market failure (microeconomics)
Theme 2 The UK economy performance and policies (macroeconomics)
Theme 3 Business behaviour and the labour market (microeconomics)
Theme 4 A global perspective (macroeconomics)
All assessment is through written examinations. Questions include supported choice, data response and essays. There is no coursework.
Assessment comprises three 2 hour exams at the end of the two year course.
Paper 1 Markets and Business behaviour (examines themes 1 and 3)
Paper 2 The National and Global Economy (examines themes 2 and 4)
Paper 3 Microeconomics and Macroeconomics (synoptic: examines all three themes)