Economics

ACADEMIC YEAR 2021/2022 YEAR 10

ECONOMICS

This course develops the basic tools of an economist to help students understand their place in and contribution to the local, national and global economy as consumers, workers and citizens.

Students will investigate a range of contemporary issues and analyse evidence from different perspectives so as to make informed decisions.

COURSE CONTENT Section 1.2: The Market System

● The economic problem ● Economic assumptions ● Demand, supply and market equilibrium ● Elasticity ● The mixed economy ● Externalities

Section 1.2: Business Economics

● Production ● Productivity and division of labour ● Business costs, revenues and profit ● Business competition ● The labour market ● Government intervention

FURTHER STUDY

If you wish to continue with your studies at A Level, a minimum grade 6 at iGCSE will be required. In addition, due to the mathematical concepts studies at A Level, a grade 6 in Mathematics is strongly recommended. An A Level in Economics is recommended for a degree in Economics as well as a range of related courses including: ● Maths ● Finance ● Business ● Law ● Politics The lifelong skills developed will be an asset to further study whichever career path you choose.

SPECIFICATION LINK

ASSESSMENTS

Assessments will be ongoing throughout the year, with a major assessment at the end of each topic. These iGCSE style assessments will be taken from past examination papers to ensure students have practical experience of examination questions at the earliest opportunity. The assessment process will culminate in an end of year mock examination.