Aims of the course develop an interest in, and enthusiasm for, the subject appreciate the contribution of economics to the understanding of the wider economic and social environment develop an understanding of a range of concepts and an ability to use those concepts in a variety of different contexts use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist understand that economic behaviour can be studied from a range of perspectives develop analytical and quantitative skills, together with qualities and attitudes that will equip them for the challenges, opportunities and responsibilities of adult and working life. Qualification at a glance Content Theme 1: Introduction to markets and market failure This theme focuses on microeconomic concepts. Students will develop an understanding of: nature of economics how markets work market failure government intervention. Theme 2: The UK economy – performance and policies This theme focuses on macroeconomic concepts. Students will develop an understanding of: measures of economic performance aggregate demand aggregate supply national income economic growth macroeconomic objectives and policy. Theme 3: Business behaviour and the labour market This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of: business growth business objectives revenues, costs and profits market structures labour market government intervention. Theme 4: A global perspective This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of: international economics poverty and inequality emerging and developing economies the financial sector role of the state in the macroeconomy.
English Language 6 Mathematics 6 Five GCSE grades 9-6 with grade 5 in English language and mathematics. It is possible to study economics, history, geography, psychology or sociology in Year 12 if the subject was not studied at GCSE. Enrolment on these courses will be at the discretion of the Academy. All students are enrolled at the discretion of the leadership team and individual results will be discussed as part of the enrolment process on GCSE results day.
Exam structure Three examinations: Paper 1 – 35% of total qualification (assessing Theme 1 and Theme 3 microeconomics) Comprising of three sections: multiple choice; data response; extended open response questions Duration – 2 hours 100 marks Paper 2 – 35% of total qualification (assessing Theme 2 and Theme 4 macroeconomics) Comprising of three sections: multiple choice; data response; extended open response questions Duration – 2 hours 100 marks Paper 3 – 30% of total qualification (assessing all four themes) Comprising of two sections: one data response; extended open response questions Duration – 2 hours 100 marks
About Education Provider
| Region | London |
| Local Authority | Newham |
| Ofsted Rating | Outstanding |
| Gender Type | Mixed |
| Address | 40 Cheering Lane, London, E20 1BD |
Aims of the course develop an interest in, and enthusiasm for, the subject appreciate the contribution of economics to the understanding of the wider economic and social environment develop an understanding of a range of concepts and an ability to use those concepts in a variety of different contexts use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist understand that economic behaviour can be studied from a range of perspectives develop analytical and quantitative skills, together with qualities and attitudes that will equip them for the challenges, opportunities and responsibilities of adult and working life. Qualification at a glance Content Theme 1: Introduction to markets and market failure This theme focuses on microeconomic concepts. Students will develop an understanding of: nature of economics how markets work market failure government intervention. Theme 2: The UK economy – performance and policies This theme focuses on macroeconomic concepts. Students will develop an understanding of: measures of economic performance aggregate demand aggregate supply national income economic growth macroeconomic objectives and policy. Theme 3: Business behaviour and the labour market This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of: business growth business objectives revenues, costs and profits market structures labour market government intervention. Theme 4: A global perspective This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of: international economics poverty and inequality emerging and developing economies the financial sector role of the state in the macroeconomy.
English Language 6 Mathematics 6 Five GCSE grades 9-6 with grade 5 in English language and mathematics. It is possible to study economics, history, geography, psychology or sociology in Year 12 if the subject was not studied at GCSE. Enrolment on these courses will be at the discretion of the Academy. All students are enrolled at the discretion of the leadership team and individual results will be discussed as part of the enrolment process on GCSE results day.
Exam structure Three examinations: Paper 1 – 35% of total qualification (assessing Theme 1 and Theme 3 microeconomics) Comprising of three sections: multiple choice; data response; extended open response questions Duration – 2 hours 100 marks Paper 2 – 35% of total qualification (assessing Theme 2 and Theme 4 macroeconomics) Comprising of three sections: multiple choice; data response; extended open response questions Duration – 2 hours 100 marks Paper 3 – 30% of total qualification (assessing all four themes) Comprising of two sections: one data response; extended open response questions Duration – 2 hours 100 marks
