Economics
A brief description of the course followed in the Sixth form.
EconomicsA brief description of the course followed in the Sixth form. |
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No prior knowledge of Economics is required for this course, but if it was studied at GCSE, then a pass at grade C or above should have been achieved. Lessons will be taught in such a way that all students will have something new to learn, whether or not they have studied the subject previously. A more important attribute than previous knowledge will be an interest in current economic affairs and a desire to understand more about the world beyond school. On the course, students will develop an understanding of economic concepts and theories by investigating and analysing current economic issues and problems that affect everyday life. They will also learn how to apply economic ideas to the open market economy in which we live. Eventually they will be able to appreciate the value and limitations of economic concepts in explaining real-world phenomena. Study of this course prepares the student for participation in society as a citizen, producer and consumer. In the Lower Sixth, students build up a basic knowledge of the mechanisms of our economy. They learn about markets and the way they work and the reasons they sometimes fail to cater for the needs of all citizens. Students also discover what governments can do to improve markets and how it might deal with problems such as unemployment and inflation. Three modular examinations are taken in the course of the year. A level students then go on to study the economics of industry in more detail, looking at such issues as competition and the steps governments can take to limit the damaging effects of monopoly. They also investigate economic development, including the issues associated with countries seeking to achieve faster economic growth and an enhanced quality of life for rapidly growing populations. Government policy is covered in greater depth. International trade, exchange rates and the effects of membership of the European Union complete the year’s study. All the Upper Sixth modules are tested by examination. There is no coursework. Economics bridges the gap between the Arts and the Sciences. It is suitable for study in combination with any other subjects. It would be an appropriate choice for a student who wished to keep his or her options open at this stage. The techniques of analysis and evaluation, which are acquired as part of the course, are a good preparation for the study of many university subjects, such as Politics or Law, and, naturally, Economics itself. Students of Economics go on to a broad variety of careers in industry, commerce and the professions, including banking, accountancy and insurance. Economics is particularly useful for those who will take professional examinations in these areas. The course follows the Edexcel Economics Specifications, subject numbers 8121 (AS Level) and 9121 (A Level).
Mrs C.V. Wakefield
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