Economics

Department Information

Business & Economics Year 9:

Summer/Autumn Term

At Key Stage 3 students can take a pre-option in Business & Economics. This term students in Year 9 will start to study Branding, Scarcity and Finance.

  • Branding
    • What is a brand?
    • What features make a brand successful?
    • How can a brand help a business?
    • Produce your own brand
  • Scarcity of resources scarcity – The Island
  • Finance
    • Costs – Fixed and variable
    • Sales revenue and profit
    • Break even analysis
    • Cake Game
    • Evaluation

Spring/Summer Term

At Key Stage 3 students can take a pre-option in Business & Economics. This term students in Year 9 will start to study the Government, Marketing Subway Challenge and Enterprise

 

  • Government challenge – Subway Challenge
    • Introduction to business and design
    • Research – Primary and secondary methods
    • Plan and design a Subway sandwich
    • Produce your creation
    • Evaluate

 

  • Enterprise
    • Business ideas and entrepreneurship
    • Develop a product idea
    • Marketing mix
    • Make your idea a reality
    • Enterprise Day
    • Evaluate

Summer/Autumn Term

At Key Stage 3 students can take a pre-option in Economics. This term students in Year 9 will start to study government, economic resources and exchange rates.

  • Government challenge
  • Scarcity of resources scarcity – The Island
  • Exchange rates – Book your holiday

Spring/Summer Term

At Key Stage 3 students can take a pre-option in Economics. This term students in Year 9 will start to study the stock market and externalities.

  • Stock market challenge
  • Externalities – government intervention
  • Supply and demand challenge

Year 10 or 11 GCSE(One Year Course):

Summer/Autumn Term

At Key Stage 4 students follow the AQA GCSE Economics Specification. This term students in Year 10/11 will start to study topic 1 for Unit 11: Personal Economics and topic 2 for unit 12: Investigating Economic Issues. The focus points and specified content, as specified by the exam board, are as follows:

Topic 1 Money

  • Understand the personal life cycle
  • Making decisions
  • Choosing to spend
  • Choosing to save
  • Choosing to borrow money

 

Topic 3 National and Global Economy

  • Understanding international
  • Exchange rate
  • The power of the consumer
  • Understanding work in the national and global economy

 

Spring/ Summer Term

At Key Stage 4 students follow the AQA GCSE Economics Specification. This term students in Year 10/11 will start to study a topic 2 for Unit 11: Personal Economics and topic 4 and 5 for unit 12: Investigating Economic Issues. The focus points and specified content, as specified by the exam board, are as follows:

 

Topic 2 Work

  • Why people work and the nature of work
  • The reward for work
  • Understanding what affects pay
  • Understanding employment

Topic 4 Managing the Economy

  • Economic objectives of the government
  • Economic growth and ethical issues
  • The welfare state and its alternatives
  • The economy at work
  • Government economic policy
  • The role of the European Union (EU)

Topic 5 Current economic climate (Research Topic)

In this topic area, students will research two topics provided by the exam board in more detail. One of the topics will be based on local, UK or EU issues and the other will relate to the global economy. The topics can change each year, but it is likely that they will initially be chosen from the following list:

  • Environmental Issues
  • Global warming
  • Globalisation
  • Developing economies
  • Underdevelopment
  • Dominant firms
  • Poverty

 

Homework: Students can expect to be set homework occasionally to reinforce topic areas. Tasks may include research, reading or writing. If, for any reason, homework is not set pupils should use the resources on the VLE and/or revision guide to revise topics already covered.

Assessment: Assessment takes place through practice exam tasks and essays set in class and for homework. Grades and targets for assessments should be recorded on the student’s record sheet, in the front of their exercise book. Public examination of this unit will take place in the summer term of Year 10/11.

Departmental Staff

Miss Cockroft – [email protected]

Mr Wootton

Mr Degun

Miss Bates

Mrs Singleton

Clubs

The Economics department runs a school smoothie bar and various challenges over the academic year including; fantasy stock market, enterprise challenges and external competitions. Students will have the opportunity to participate in all these activities if desired.

 

Support Your Child – Useful links and advice

http://www.tutor2u.net/blog/index.php

This website contains revision notes on all key Economics topics along with case studies and real life examples.

http://businesscasestudies.co.uk/

A website containing case studies from the Times which look at some of the biggest companies in the UK and globally.

We also encourage students to purchase a revision guide and work book from the exam board that can be used at home to support the learning in school.

The Rodillian Academy