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 ● ● ● ● ● ● ● ● ● ● ● ●
The market system: The economic problem Economic assumptions Demand, supply and market equilibrium Elasticity The mixed economy Externalities Business economics: Production • Productivity and division of labour Business costs, revenues and profit Business competition The labour market Government intervention
SKILLS DEVELOPED The following are skills which are both required for success and will be built upon during the course; ● Communication ● Problem solving ● Critical analysis ● Evaluation ● Data analysis ● Decision making 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 content in the A-Level specification, a grade 6 in Mathematics is strongly recommended. SPECIFICATION LINK
ASSESSMENTS Ongoing assessment will continue in Year 11. These iGCSE style assessments will be taken from past examination papers to ensure students have practical experience of examination questions at the earliest opportunity. It will culminate in two examinations at the end of the year: Paper 1 (30%) - 30 multiple choice questions Paper 2 (70%) - One compulsory and three optional questions analysing and interpreting data
