Economics

Why Economics?

Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. Microeconomics examines individual firms and markets, whereas macroeconomics allows you to understand those choices made by society in general and their contribution to the wider economic and social environment.

You will develop an enquiring, critical and thoughtful 'economist's mind', and practise skills, qualities and attitudes which will equip you for the challenges, opportunities and responsibilities of adult working life.

What do I need to know?

Exam board: We study Edexcel Economics.

Entry Requirements: You must have Grade 6 or above in GCSE English and GCSE Mathematics.

Key Content: This course is structured into four themes: Introduction to markets and market failure, The UK economy – performance and policies, Business behaviour and the labour market, and A global perspective.

What is the work like?

As an example of the kind of work that you will cover during the A-Level course, please find to the right the pre-A-Level material that we asked Year 11 to complete before starting their Economics course with us in September.

Pre A-Level Economics

Who do I contact if I have any questions?

Mr Stones will be happy to answer any questions that you might have. You are welcome to email him on adrian.stones@twynhamschool.com.

To ask an Economics student more about the course, please email student@twynhamsixthform.com and they will be happy to help you.

Curriculum Information

Economics Curriculum KS5

Assessment

Paper 1: Markets and business behaviour – 35% of the Qualification
Paper 2: The national and global economy – 35% of the Qualification
Paper 3: Microeconomics and macroeconomics – 30% of the Qualification

Extra-Curricular Opportunities

Students will have the opportunity to attend a trip to the Bank of England and partake in the National Share Centre competition by investing £2,000 in companies listed on the London Stock Exchange. There is also a bi-annual Economics trip to New York.

Additional Costs

We provide:  In class access to:-

Economics (Year 1 and 2): Alain Anderton ISBN 9781447990550

If you want copies to work at home these will need to be purchased.

Other costs:  To be met by students

  1. Subscription to the Economics Review at a cost of £15 per annum.
  2. My revision notes: Edexcel A-level ECONOMICS ISBN: 9781471842139 £15
  3. Free Tutor2u resources available: https://www.tutor2u.net/economics

The Bank of England trip will cost approximately £30.