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Economics
Head of Department: Mr Hartnett
By studying Economics students learn to appreciate the interaction of corporate and global financial decisions and the resulting impact and consequences for society at large.
Course Summary
Economics is the study of local, national and international markets. By studying Economics students learn to appreciate the interaction of financial decisions being made by companies and countries, and how these interactions have both short and long term consequences for society at large. Our aim is that students become adept at analysing the variety of outcomes these decisions have, and then evaluating their level of success by way of reference to current economic situations.
Year 12
Theme 1
Introduction to markets and market failure
Nature of economics
How markets work
Market failure
Government intervention
Theme 2
The UK economy- performance and policies
Measures of economic performance
Aggregate demand
Aggregate supply
National income
Economic growth
Macroeconomic objectives and policy.
Year 13
Theme 3
Business behaviour and the labour market
Business growth
Business objectives
Revenues, costs and profits
Market structures
Labour market
Government intervention.
Theme 4
A Global perspective
International economics
Poverty and inequality
Emerging and developing economies
The financial sector
The role of the state in the macroeconomy
Enrichment and Extra Curricular
Students are invited to attend a four day programme run by St. Pauls and the London School of Economics.
The programme involves developing a business idea and pitching pitching it to LSE experts.
Exam Board
Edexcel Economics A - Y12 Course Code 8ECO, Y13 course code 9ECO
Reading and Resources
‘How do we fix the mess’ by Robert Peston.
Individual texts covering each of the four themes named above. Author Mark Gavin and Published by Hodder.
'Economics' by Alain Anderton published by Pearson, for reference only.
Reference material including 'Business Review' and 'Economist' magazines, daily newspapers.
We expect all students to keep up to date with current affairs programmes regarding world economic issues.
Example: “Business & Economics News” produced by Al Jazeera news.