GCSE Economics is taught in Years 10 and 11 and follows the AQA specification, syllabus 4135. It includes a study of money, work, national and global economy, managing the economy and current economic issues. This subject draws heavily on case study material in the real world. The set text book is AQA GCSE Business Studies by David Horner and David Madgett, published by Nelson Thornes. Students are issued with a text book to accompany them through the course. There are two written examination papers based on case study material.
- Unit 11 examines Personal Economics and is a written paper of 1 hour 15 minutes and contains about three data-response questions. In each question students are given a little information and then asked to answer a series of questions on money, work and the national and global economy. The paper is worth a maximum of 70 marks and contributes 50% of the marks towards the final GCSE Grade. Students sit this exam in the January of Year 11.
- Unit 12 examines Investigating Economics Issues. This exam also lasts 1 hour 15 minutes and tests knowledge of current economic issues. It is also based on about three data-response questions. This exam carries a maximum of 70 marks and contributes 50% of the marks towards the final GCSE Grade. Students sit this exam in the summer of Year 11.
Key Stage 5
Students taking Economics at Advanced Level will normally have taken the subject at GCSE level, but we are happy for a Year 12 student with no previous knowledge of this subject to join the course.
We direct our efforts towards developing economists with critical, creative, and research aptitudes along with profound social commitment and capability to contribute to socioeconomic development.
Students study the AQA Specification.
At A level candidates develop the micro and macroeconomics already learnt in year 12, considering economic concepts and theories in greater depth and recognising the values and limitations of economic models.
Both modules explore two contemporary and relevant contexts: the global context, which includes the impact of globalisation on UK economic performance; and the European Union context, embracing the effect of EU membership and economic policy on the UK economy.
The final module covers Business Economics and the Distribution of Income