Art, Craft & Design

SUBJECT: Economics

What is this subject all about at Senior Cycle?

This subject is about how the economy works. Students will learn about how individual firms, consumers, business sectors and the government interact in the market place. Economics looks at how government policies impact the demand and the supply of goods and services and this is represented graphically, for example, the current government policy to wear masks in shops has increased the demand for masks. The course also looks at international trade, sustainable development goals, globalisation, economic trade cycles and the labour market.

Do I have to have studied this subject at Junior Cycle in order to do it at Senior Cycle?

No, you do not have to have any previous knowledge of Economics to take it up for Senior Cycle. However, having studied Junior Cycle Business Studies would give you an advantage.

Will learning this subject at Senior Cycle be different to what I studied at Junior Cycle?

Economics is studied as part of Business Studies at Junior Cycle level. Some of the material will be similar to Business Studies but there are differences so those that haven’t studied will have the opportunity to start at the beginning.

I will enjoy this subject if…

» You are curious about how the markets work and are interested in how a government plans their income and expenditure in the government annual budget. » You have an interest in international trade and would like to learn more about how the EU makes decisions on our behalf.

I will succeed at this subject if…

» You work hard, ask questions and are inquisitive about topical issues such as

Brexit and the impact of government policies, for example, policies in relation to Covid 19.

This subject will be useful for a career in…

Any Business related job or if you are interested in working in a government department. Each government department has economists working for them to ensure that the spending and policies are in line with government policies and spending expectations.

Assessment?

20% written assessment in term 1 of 6th Year and 80% written assessment taken at the end of 6th Year.