Economics is the science of how societies choose about how to best allocate resources. No previous knowledge of Economics is expected but it overlaps with several subjects such as Geography, Psychology, History and TPR. As such Economics compliments a wide range of subject combinations, allowing STEM specialists to demonstrate the construct of argument, while those more inclined to the Humanities, an opportunity for numeracy.
The minimum entry requirement is three subjects in Grade 6 and three in Grade 7, or equivalent, at GCSE (including Mathematics and English). It is highly desirable to have a Grade 7, 8 or 9 in the subjects to be taken at Sixth Form and, in practice, most successful candidates will have an 8 or 9 or equivalent in most subjects.
• Paper 1: Markets and Market Failure is focussed on Microeconomics and incorporates a 1 hour section of Data Response Questions including a calculation, interpretation of data, a short explanation of an economic concept applied to a real world scenario. There is then an evaluation of economic argument, which leads the pupils to conclude with a justified judgement, having considered differing assumptions, parameters and perspectives. The second hour again requires pupils to write an essay, the first part of which explains an economic theory using real world examples and case studies considered through the course. The second part is another evaluative essay, requiring the same structure as the long question in the data response question. • Paper 2: The National and International Economy is focussed on Macroeconomics and has exactly the same structure as Paper 1, although the content is different. • Paper 3: Economic Principles and Issues is a synoptic paper incorporating both Microeconomics and Macroeconomics content and skills, already covered on both Papers 1 and 2. It comprises 30 multiple-choice questions, alongside a data response question, which examines a breadth of economic models from both sides of the course.
About Education Provider
| Region | East Midlands |
| Local Authority | North Northamptonshire |
| Ofsted Rating | |
| Gender Type | Co-Educational |
| ISI Report | View Report |
| Boarding Fee | £34,515 - £45,435 |
| Sixth Form Fee | £22,350 - £29,370 |
| Address | The Great Hall, New Street, Northamptonshire, PE8 4GH |
Economics is the science of how societies choose about how to best allocate resources. No previous knowledge of Economics is expected but it overlaps with several subjects such as Geography, Psychology, History and TPR. As such Economics compliments a wide range of subject combinations, allowing STEM specialists to demonstrate the construct of argument, while those more inclined to the Humanities, an opportunity for numeracy.
The minimum entry requirement is three subjects in Grade 6 and three in Grade 7, or equivalent, at GCSE (including Mathematics and English). It is highly desirable to have a Grade 7, 8 or 9 in the subjects to be taken at Sixth Form and, in practice, most successful candidates will have an 8 or 9 or equivalent in most subjects.
• Paper 1: Markets and Market Failure is focussed on Microeconomics and incorporates a 1 hour section of Data Response Questions including a calculation, interpretation of data, a short explanation of an economic concept applied to a real world scenario. There is then an evaluation of economic argument, which leads the pupils to conclude with a justified judgement, having considered differing assumptions, parameters and perspectives. The second hour again requires pupils to write an essay, the first part of which explains an economic theory using real world examples and case studies considered through the course. The second part is another evaluative essay, requiring the same structure as the long question in the data response question. • Paper 2: The National and International Economy is focussed on Macroeconomics and has exactly the same structure as Paper 1, although the content is different. • Paper 3: Economic Principles and Issues is a synoptic paper incorporating both Microeconomics and Macroeconomics content and skills, already covered on both Papers 1 and 2. It comprises 30 multiple-choice questions, alongside a data response question, which examines a breadth of economic models from both sides of the course.