Why study Economics? Economics is the study of how to allocate scarce resources in the most effective way. By answering the three questions: what to produce, how to produce, and for whom to produce so that unlimited wants are met given limited resources, Economics helps to address the sustainability issues and to ensure the improvement of living standards. By simplifying and modelling the economic reality, Economics attempts to explain what happens in the real world and predict the outcomes of the decisions of the government and the market players. The IB course focuses on the key nine concepts including scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence and intervention. The recently added modules on environment, inequality and poverty reflect the society focus on these pertinent issues and link well with Geography, Environmental Science, History, Politics and Sociology. To read Economics at university, you would need mathematical skills. Economics study fits with a number of professions from law, business, banking, finance, insurance and treasury, including the public sector to vocational jobs in tax, accounting and audit. In addition, the IB Economics course equips students with the understanding of the government policies on tax and retirement, provision of health, education and other merit goods, and thus equips them with the life-skills. The IB course focuses on the key nine concepts including scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence and intervention.
GCSE Grade 6 in Mathematics
External Assessment Paper 1 (20% of the grade), answer one question (made of a 10 and a 15 marks essay) from the choice of three. Paper 2 (30% of the grade), choice of one question from the choice of two, including a 15 marks essay related to the case study. In addition to Paper 1 and Paper 2, HL students will also sit Paper 3 (30% of the grade), where they will work with new quantitative and qualitative data, demonstrating a deeper understanding of a real-world issue scenario, using the theories, models, ideas and tools of economics and culminating in policy advice. (1 hour and 45 min, including two 10 marks policy recommendation essays, no choice). Internal Assessment (20% of the grade) Three 800 words commentaries portfolio offers students the opportunity to demonstrate their understanding and application of three different key concepts by using them as a lens through which to analyse their commentaries thereby emphasizing a demonstration of conceptual understanding.
About Education Provider
| Region | South East |
| Local Authority | Medway |
| Ofsted Rating | Good |
| Gender Type | Girls |
| Address | Maidstone Road, Rochester, ME1 3BY |
Why study Economics? Economics is the study of how to allocate scarce resources in the most effective way. By answering the three questions: what to produce, how to produce, and for whom to produce so that unlimited wants are met given limited resources, Economics helps to address the sustainability issues and to ensure the improvement of living standards. By simplifying and modelling the economic reality, Economics attempts to explain what happens in the real world and predict the outcomes of the decisions of the government and the market players. The IB course focuses on the key nine concepts including scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence and intervention. The recently added modules on environment, inequality and poverty reflect the society focus on these pertinent issues and link well with Geography, Environmental Science, History, Politics and Sociology. To read Economics at university, you would need mathematical skills. Economics study fits with a number of professions from law, business, banking, finance, insurance and treasury, including the public sector to vocational jobs in tax, accounting and audit. In addition, the IB Economics course equips students with the understanding of the government policies on tax and retirement, provision of health, education and other merit goods, and thus equips them with the life-skills. The IB course focuses on the key nine concepts including scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence and intervention.
GCSE Grade 6 in Mathematics
External Assessment Paper 1 (20% of the grade), answer one question (made of a 10 and a 15 marks essay) from the choice of three. Paper 2 (30% of the grade), choice of one question from the choice of two, including a 15 marks essay related to the case study. In addition to Paper 1 and Paper 2, HL students will also sit Paper 3 (30% of the grade), where they will work with new quantitative and qualitative data, demonstrating a deeper understanding of a real-world issue scenario, using the theories, models, ideas and tools of economics and culminating in policy advice. (1 hour and 45 min, including two 10 marks policy recommendation essays, no choice). Internal Assessment (20% of the grade) Three 800 words commentaries portfolio offers students the opportunity to demonstrate their understanding and application of three different key concepts by using them as a lens through which to analyse their commentaries thereby emphasizing a demonstration of conceptual understanding.
