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NEWS AND EVENTS
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About the subject
Year 12 Overview
The specifications are designed to encourage students to consider the practical application of business and economic concepts. The units provide the opportunity to explore the theories and concepts in the context of events in the business and economic world.
Economics AS/A Level
Economics touches every area of our lives: from the pricing of our favorite shampoo; to the cost of housing; to the availability of jobs that will allow us to afford either of them. In studying Economics A Level students learn about all levels of Economics, from the individual consumer to the actions of national governments and multinational corporations. Most importantly, students will develop an enquiring, critical and thoughtful approach; skills essential for the challenges, opportunities and responsibilities of adult and working life. A knowledge of relevant current issues is essential, and will improve the student’s skills as economists and their understanding of the world in which they live.
At Robert Clack, we study the AQA A-level Economics syllabus which encompasses both microeconomics and macroeconomics. Tuition takes a variety of forms, including lecture-style lessons, discussions, group work and ICT. Last year students compiled a collaborative online macroeconomic glossary using Google documents and were able to access this and all lesson resources throughout the year – this was extremely helpful when it came to revision.
Over the 10 years that Economics has been taught at Robert Clack our results have improved year on year. Last year we had 83% of students complete achieve A*-C, with some far exceeding their target minimum grade. Given the complexity of the subject and the challenging exam we are overwhelmed with their performance. In addition to this the majority of students who study A level Economics with us, go on to study Economics at university. We feel this is a reflection of the passion shown by staff in the department about subject and the time spent building positive and lifelong relationships within the classroom.
Unit 1: This Unit introduces students to microeconomics.
Students will be required to acquire knowledge and understanding of some basic microeconomic models and to apply these to current problems and issues. Basic microeconomic models such as demand and supply, the operation of the price mechanism, and causes of market failure are central to this Module. Students will be provided with opportunities to use these basic models to explore current economic behaviour.
Students will be able to apply their knowledge and skills to a wide variety of situations and to different markets and examples of market failure, including environmental market failures. During their course of study, students will be encouraged to develop a critical approach to economic models and methods of enquiry
Unit 2: This Unit introduces students to macroeconomics.
Students will be required to acquire knowledge and understanding of AD/AS analysis and should be provided with opportunities to use this analysis to explore recent and current economic behaviour. They are required to understand, and be able to analyse and evaluate, macroeconomic policy.
Students should have a good knowledge of developments in the UK economy and government policies over the past ten years.
Students will become aware that the performance of the United Kingdom economy is influenced by its membership of the European Union (EU) and external events in the international economy.
They will become familiar with the various types of statistical and other data which are commonly used by economists.
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Year 13 Overview
Unit 3: This Unit builds on the knowledge and skills students have developed in Unit 1. It will require students to use and evaluate more complex microeconomic models; for example, perfect competition, monopoly and oligopoly, and to develop further their critical approach to such economic models and methods of enquiry.
Students will need to demonstrate a realistic understanding of the decisions made by firms and how their behaviour can be affected by the structure and characteristics of the industry. In this Unit, students are
required to develop a more formal understanding of economic efficiency and the arguments for and against government intervention in markets than was required at AS level.
The Module also requires students to understand the operations of the labour market and the factors which influence relative wage rates, poverty and the distribution of income and wealth.
Students should appreciate the ways in which developments in United Kingdom markets and government microeconomic policy can be related to the global and European Union (EU) contexts.
Students should be able to apply the AD/AS analysis from Unit 2 to the issues raised in this unit. They should be able to analyse and evaluate the causes of changes in macroeconomic indicators in greater depth than expected at AS Level. There is an emphasis in Unit 4 on the consequences of changes in macroeconomic indicators.
It is expected that students will acquire a good knowledge of trends and developments in the economy which have taken place during the past ten years and also have an awareness of earlier events where this helps to give recent developments a longer term perspective.
Students should appreciate the ways in which developments in the United Kingdom economy can be related to the global and European Union (EU) contexts.
Exam board used for A Level or BTEC
AQA - Economics
Link to the specification from the exam board