Subject:
Economics
Staff Members TSH
Summer
Term 2
Summer
Term 1
Spring
Term 2
Spring
Term 1
Autumn
Term 2
Autumn
Term 1
Year 12 (AS)
Year 13 (A2)
An introduction to the nature of economics and
examining how the price mechanism allocates resources in markets.
Applying supply and demand analysis to real world situations.
Carrying out simple calculations, for example, percentages and
percentage change.
Identifying objectives of firms and cost and revenue structures. Explaining how
these can vary and the effect on ownership and market concentration.
Examining how the pricing and nature of competition between firms is affected
by the number and size of market participants. Making simple calculations
involving percentage changes, average and marginal analysis. Interpreting
diagrams and constructing graphical representations.
Understanding why markets might not allocate resources efficiently
and the methods of dealing with market failure, together with
evaluating their effectiveness. Analysing the nature of market failure,
its causes and possible policy remedies. Interpreting data presented
in different forms, for example, tables, graphs and index numbers.
Analysing the pricing and output decisions of firms in different contexts. Making
an appraisal of government intervention aimed at promoting competitive
markets. Relating the theoretical framework to real-world examples. Analysing
consumer and producer surplus, allocative, productive and dynamic efficiency of
different types of markets.
An introduction to the key measures of economic
performance and the main objectives and instruments of economic
policy. Doing simple calculations involving percentage changes and
index numbers and using simple statistical tools to analyse changes
in distribution, for example deciles.
Studying macroeconomics in a global context. A study of trends and
developments in the global economy over the last 10 years through the use of
case studies. Understanding of key issues affecting developing countries.
Making simple calculations involving percentage changes and index numbers.
Using a basic aggregate demand/aggregate supply model to
understand why demand and/or supply-side policies may be seen as
appropriate ways of managing an economy; predict the possible
impact of such policies and recognise the assumptions involved;
argue for different approaches and identify criteria for success.
Interpreting diagrams and constructing simple graphs.
Applying, analysing and evaluating economic models as well as assessing
policies which might be used to deal with development and global economic
problems.
Interpreting diagrams and constructing simple graphs.
Revision of the first two terms work and exam practice questions
and final examination for AS units.
Revision of the first two terms work and exam practice questions and final
examination of A2 units.
Markets and competition policy research in preparation for A2
economics
n/a as final examination is at the end of summer term 1.