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  1. Home
  2. Curriculum
  3. Subjects
  4. Economics

Economics

GCSE Exam & Specification
Year 12
Year 13
Support from Home
Feedback
Career Pathways
Enrichment & Educational Visits

GCSE Exam & Specification

A Levcl Exam Board: 

Edexcel  

Link to A Level Specification: 

https://qualifications.pearson.com/content/dam/pdf/A%20Level/Economics/2015/specification-and-sample-assessment-materials/A_Level_Econ_A_Spec.pdf 

 

Curriculum Intent 

Our curriculum is designed to meet the needs of our students in our local context and is underpinned by these 4 guiding principles: 

  • Rich and Powerful Knowledge: Economics students at INA are given all the tools to develop a deep understanding of economics concepts and apply their knowledge to real life case studies. 

  • Objective and Question Driven: Economics students at INA explore the big questions that arise when allocating resources. Should an individual buy an additional bar of chocolate? Should a firm hire an additional worker? Should the government spend more on the NHS? 

  • Mastering The Foundations (Literacy and Numeracy): Economics students develop key literacy skills with case studies provided throughout the course. These case studies are extensively analysed to enable students to apply the knowledge they have learnt. Economics students also develop a range of quantitative skills ranging from calculations to interpreting data. 

  • Inclusive and Ambitious: The economics curriculum has been carefully created to ensure that students achieve the best possible outcome in the classroom. Our ambition is to cultivate students who are able to apply their extensive knowledge of economics in the real world. We aim to be inclusive by using case studies from a variety of sectors and communities. 

Implementation 

Our curriculum implementation is shaped across all phases of the academy by a set of shared principles that underpin pedagogy at AINA. The following curriculum map outlines the ambitious curriculum your child will experience at AINA.  

Year 12 - Economics

Autumn 1

Autumn 2

Micro - Nature of Economics; How Markets Work

Economics as a Social Science

Positive and Normative Statements

Basic Economics Problem

Rational Decision Making

PPFs

Specialisation

Demand / Supply / Market Equilibrium

Micro – How Markets Work

Price Elasticity of Demand

Income Elasticity of Demand

Cross Elasticity of Demand

Price Elasticity of Supply

Consumer Surplus

Producer Surplus

YED

XED

PES

Macro – Introduction to AD/AS; Measures of Economic Performance

Measuring Economic Performance

Circular Flow of Income

Aggregate Demand

Aggregate Supply

Macroeconomic Equilibrium

Economic Growth

Macro – Measures of Economic Performance

Output Gaps

Unemployment

Inflation

Spring 1

Spring 2

Micro – Market Failure

Externalities

Information Failure

Taxation

Subsidies

Regulation

Tradable Pollution Permits

State Provision

Information Provision

Minimum Price

Maximum Price

Buffer Stocks

Public Goods

Micro – Government Intervention; Nature of Economics

Government Intervention in Markets

Government Failure

Allocation of Resources

Macro – Macroeconomic Policies

Fiscal Policy

Monetary Policy

Supply-Side Policy

Macro – Measures of Economic Performance

Phillips Curve

Balance of Payments

Summer 1

Summer 2

Micro – Revenue Costs and Profit

Revenue

Costs

Profit / Loss

Barriers to Entry and Exit

Efficiencies

Objectives

 

Revision

Micro

Revision

Macro

Revision

Macro

Revision

All Year 12 Subjects Next Year 12 Subject – Business Studies

Year 13 - Economics

Autumn 1

Autumn 2

Micro – Business Objectives & Business Growth; Market Structures

Business Growth

Demergers

Size and Types of Firms

Perfect Competition

Monopoly

Monopolistic Competition

Micro – Market Structures; The Labour Market

Oligopoly

Contestable Markets

Demand for Labour

Supply for Labour

Macro – International Economics

Exchange Rates

International Competitiveness

Absolute / Comparative Advantage

Globalisation

Protectionism

Macro – International Economics; Poverty and Inequality

Trading Blocs

Free Trade

Absolute / Relative Poverty

Inequality

Spring 1

Spring 2

Micro – The Labour Market

Wage Determination

Monopsony

Trade Unions

Labour Market Flexibility

Micro – Government Intervention

Types of Government Intervention

The Impact of Government Intervention

 

Revision

Macro – Emerging and Developing Economies; The Role of the State in the Macroeconomy

Factors Influencing Growth and Development

Strategies Influencing Growth and Development

Public Expenditure

Taxation

Public Sector Finances

Macro – The Financial Sector

Role of Financial Markets

Market Failure in the Financial Sector

Role of Central Banks

 

Revision

Summer 1

Summer 2

Exams

Revision

Exams

Revision

Exams

Revision

Exams

Revision

 

All Year 13 Subjects Next Year 13 Subject – Business Studies

Support from Home

Recommended websites/online platforms for home/independent learning: 

  • BBC News App - Important for keeping up-to-date with current affairs 

  • Tutor2U / EconomicsHelp / Physics and Maths Tutor Websites 

  • Youtube - Econplusdal  

  • UpLearn – Forms a big part of independent learning. All students receive a student subscription. 

  • Books: Freakonomics, Superfreakonomics, Nudge Theory, The Undercover Economist 

Feedback

Our aim is to ensure feedback helps drive student achievement by providing meaningful information that helps to address misconceptions and close curriculum and knowledge gaps.  

Every piece of feedback given to our students should results in an action by the student. The following types of feedback that are given to students at AINA are:  

  • Self and peer assessment 

  • Written feedback 

  • Verbal feedback 

Students receive written teacher feedback after formative diagnostic or interim assessments. The cycle is as follows: 

  • A score/percentage for the assessment 

  • Precise teacher comment/s linked to the curriculum/knowledge gap written in red 

  • A response/action/redo by the student in green pen 

Career Pathways

Success in this subject can lead to: 

University courses in: 

  • BSc Economics 

  • BSc Land Economy 

  • BSc Philosophy, Politics and Economics 

  • BSc Maths and Economics  

  • BSc Politics

Careers in: 

  • Actuarial Analyst 

  • Chartered Accountant 

  • Data Analyst 

  • Economist 

  • Financial Risk Analyst  

  • Investment Analyst 

  • Statistician 

  • Stockbroker 

Enrichment & Educational Visits

Enrichment and educational visits in the past have included: 

  • LSE Public lectures and Sutton Trust Finance Pathway Programme 

  • UCL Economics Outreach Programme – UCL students working 1-1 with INA students  

  • LIBF – CISI Introduction to Securities and Investments qualification 

  • Credit Suisse – Bespoke work experience programme  

  • Bloomberg – Bespoke Work Experience Programme and Apprenticeship Pathways Programme 

  • IntoUniversity Big City Bright Future Work Experience Programme  

  • Amplify Trading – Investment and Trading Simulation Programme  

  • Essay competitions: Next Generation Essay Competition, RES essay competition, FT essay competition 

  • Drama
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