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St Peter's
Catholic School

Economics

Mrs C Thomas

Head of Department and BTEC Quality Nominee

THE TEAM
Mr M Ebenezer Teacher of Economics
Mrs C Nwana Teacher of Economics
WHY STUDY ECONOMICS?

Economics provides you with the knowledge and insight necessary to understand the impact of developments in business, society and the world economy. It also enables you to understand the decisions of households, firms and governments. Economics offers a way of thinking about the world that enables us to make the best of what we have. As it is a social science, Economics is closely related to other subjects such as Sociology, History, Business Studies, Geography and Politics.

FUTURE ACADEMIC AND CAREER PATHWAYS

Studying Economics opens the door to many fields, as illustrated by the many courses that past Economics students have gone on to study at university including business economics, international relations and politics, accounting and finance, marketing management, fashion buying and merchandising, business management, law with business studies and international hospitality management.

COURSE CONTENT

Students will be studying the Edexcel syllabus.

A wide range of economic topics will be studied. These are split into four themes covered over the two year course. They include aspects such as an introduction to markets and market failure, the UK Economy – performance and policies, business behaviour and the labour market. The final theme, a global perspective, focuses on macroeconomic concepts such as international economics, poverty and inequality, emerging and developing economies and the financial sector.

ASSESSMENT

Paper 1: Markets and business behaviour 35%

Paper 2: The national and global economy 35%

Paper 3: Microeconomics and macroeconomics 30%

EXTRACURRICULAR OPPORTUNITIES

• tutor2u conferences

• Royal Grammar School Economics Speakers Day (summer term)

• Opportunity to go to New York in Year 12

• Bank of England visit

COURSE REQUIREMENTS

Minimum grade 6 in GCSE Mathematics and English Literature/English Language.