Curriculum Vision

To develop an enquiring and analytical approach to study economics in order to enthuse learners to think like an economist, whilst building an appreciation of how study of economics contributes to the understanding of a wider economic and social context. 

Economics sits in the middle of the learning spectrum. In one direction is has close links to Mathematics as calculations are invariably needed. In the other, its demand in terms of analytical essay writing skills align it with the Humanities and Social Science subjects such as History, English, Politics and Psychology.

KS5 Overview

We deliver the AQA A Level Economics (7136) syllabus at KS5. 

Component 1 – Individuals, firms, markets and market failure

1. Economic methodology and the economic problem
2. Individual economic decision making
3. Price determination in a competitive market
4. Production, costs and revenue
5. Perfect competition, imperfectly competitive markets and monopoly
6. The labour market
7. The distribution of income and wealth: poverty and inequality
8. The market mechanism, market failure and government intervention in markets

 Component 2 – The national and international economy

• The measurement of macroeconomic performance
• How the macro-economy works: the circular flow of income, AD/AS analysis, and related concepts
• Economic performance
• Financial markets and monetary policy
• Fiscal policy and supply-side policies
• The international economy

 Assessment is via three 2 hour external examinations: Paper 1: Markets and market failure (33.3%) Paper 2: National and international economy (33.3%) Paper 3: Economic principles and issues (33.3%).