The initial term will introduce the students to the basic concept of scarcity that underpins the subject of economics. All the work during this first term will focus on micro economics. Students will consider factors of production and recognise that the world has unlimited wants but finite resources. The students will also be introduced to the topics of price determination and learn about the function of market forces. They will also investigate the behaviour of costs and revenue in a business, and examine the concept of a perfectly competitive market. To end this term the students will learn about why markets fail and they will investigate a range of situations ranging from partial to complete market failure. The structure of the assessments involves the students using a range of skills in terms of comprehension, data handling and processing and providing well-structured written essays. Regular practise will also be provided in this term on topic related multiple choice questions
9-5 in English Lang or English Lit 9-5 in Maths APS 4.5 or above
The AQA Economics consists of 2 two units, and is assessed through 3 examination papers at the end of year 13. There is no controlled assessment or coursework. The 3 examinations are each 2 hours in duration. Paper 1 covers the topics related to micro economics, paper 2 is based on macroeconomic issues and paper 3 is a synoptic paper.
About Education Provider
| Region | East of England |
| Local Authority | Hertfordshire |
| Ofsted Rating | Good |
| Gender Type | Co-Educational |
| Address | Knightsfield, Welwyn Garden City, AL8 7NL |
The initial term will introduce the students to the basic concept of scarcity that underpins the subject of economics. All the work during this first term will focus on micro economics. Students will consider factors of production and recognise that the world has unlimited wants but finite resources. The students will also be introduced to the topics of price determination and learn about the function of market forces. They will also investigate the behaviour of costs and revenue in a business, and examine the concept of a perfectly competitive market. To end this term the students will learn about why markets fail and they will investigate a range of situations ranging from partial to complete market failure. The structure of the assessments involves the students using a range of skills in terms of comprehension, data handling and processing and providing well-structured written essays. Regular practise will also be provided in this term on topic related multiple choice questions
9-5 in English Lang or English Lit 9-5 in Maths APS 4.5 or above
The AQA Economics consists of 2 two units, and is assessed through 3 examination papers at the end of year 13. There is no controlled assessment or coursework. The 3 examinations are each 2 hours in duration. Paper 1 covers the topics related to micro economics, paper 2 is based on macroeconomic issues and paper 3 is a synoptic paper.