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Economics
KEY STAGE 4.
The course will provide an opportunity for pupils to:
• develop an understanding of the economic concepts and principles through a critical consideration of the current economic issues, problems and institutions that affect everyday life.
• apply economic concepts and theories using a variety of contexts and understand their value and limitations in explaining the phenomena of the real world;
• understand the importance and complexity of contemporary economic issues in the local , national and global economy.

Assessment Scheme
Pupils study two modules, with unit 11 studied in year 10 and unit 12 studied in year 11. Both modules are examined at the end of year 11.

Year 10 (Personal Economics):
Unit 1– Money: Understanding the Personal Lifecycle, Making Decisions, Choosing to spend, Choosing to save, Choosing to borrow, Managing your money.
Unit 2– Work: Why people work and the nature of work Understanding how people are rewarded for working, Understanding factors that determine income and Effects of unemployment.
Unit 3 - The National and Global Economy: 
Understanding international trade 3.2 exchange rates, consumer power, Understanding the impact of the glabal economy on work.


Year 11 (Investigating Economic Issues):
Unit 1– Managing the Economy: Economic objectives of the government, the economy at work and the role of the European Union.
Unit 2a– Current Economic Issues: Students will study one local or UK or EU issues. eg. Poverty in the UK.
Unit 2b - Current Economic Issues: 
Students will study issues related to the global economy. eg. Globalisation.

KEY STAGE 5.
AS Course:
Unit 1: Introduction to Economic Principles.
Unit 2: 
Economics in Action.

AS Assessments: 
Unit 1 – Written Examination: 1 hour 15 minutes (15% of qualification 55 marks)
The examination includes multiple choice and structured questions that cover the full AS content.
Unit 2 – Written Examination: 2 hours (25% of qualification 80 marks)
The EC2 paper includes compulsory data response questions that cover the full AS content.

A2 Course:

Unit 3: Exploring Economic Behaviour.
Unit 4: 
Evaluating Economic Models and Policies. Evidence based questions on sources

A2 Assessments: 
Unit 3 – Written Examination: 2 hours (30% of qualification 80 marks)
Structured questions based on A2 content.
One compulsory data response question
This paper covers all the A level content.

Unit 4 – Written Examination: 2 hours 30 minutes (30% of qualification 90 marks)
One essay in each section:
• Section 1 - Microeconomics
• Section 2 - Macroeconomics
• Section 3 - Trade and Development.
This paper covers all the A level content.