Walton High

Curriculum

Overview of Walton High’s curriculum

Economics

In this course, students develop their understanding of Economics. This is part of a three year course. There are two units, these are, Personal Economics and Investigating economics issues.

 

In Unit 11, students will study key topics which are:
• Money
• Work
• The National and Global Economy

 

In Unit 12, students will study topics which are:
• Managing the Economy
• Current Economic Issues

 

Assessment
The course is assessed with the two written terminal exam papers.
Unit 11 Personal Economics – Written Paper 50% of the final marks- 1 ¼ hours
Unit 12 Investigating Economic Issues – Written Paper 50% of the final marks – 1 ¼ hours

Resources:
All students are provided with the set text – AQA GCSE Economics Published by Nelson Thornes ISBN: 978-1408504345

Year 9

Term

Topics

Autumn Term 1a

Money – Savings
In this unit students learn the basics of Economics to help them understand their place in and contribution to the local, national and global economy as consumers, workers and citizens.

Autumn Term 1b

Markets – Supply and demand
Here students develop their knowledge of Demand and Supply theory, which is at the heart of Economics both at GCSE and A-level. Helping them to develop their skills and apply this theory to many different concepts

Spring Term 2a

Work
In this unit, students consider the world of work and learn about the rewards of work an individual can receive both in monetary and non-monetary terms. Students will be introduced to the labour market and how this helps to determine pay

Spring Term 2b

Labour Market
In this unit students develop their understand of labour markets and apply their knowledge of demand and supply to labour markets to help them understand and analyse labour markets in terms of pay, level of unemployment and the equilibrium wage rate

Summer Term 3a

Fair Trade
Here students develop their understanding of previous topics such as, labour markets, demand and supply and competition and apply this knowledge to other areas such as fair trade and competition

 

Summer Term 3b

Project (Unit 12 Research Topic)
Here students get an early insight into a year 11 topic by investigating a recent topic in terms of the Economics behind this issue and how the issue has wider Economic impacts that need to be considered.

Year 10

Autumn Term 1a

Managing the Economy
In this section candidates will consider targets and policies the government may use to achieve its
Objectives. Candidates will consider fiscal, monetary and supply side policies within the context of the
Trade cycle. Candidates will consider the European Union and its effect on the UK Economy.

Autumn Term 1b

Trade & Exchange Rates
Candidates will look at the impact of
exchange rates on the importing and exporting of
Goods and services. And consider factors that impact upon the volume of imports and exports to the U.K
Candidates should understand the effect that
exchange rates have on the individual consumer,
eg how this will affect the cost of travelling abroad
And goods purchased in the UK.

Spring Term 2a

Fiscal & Monetary policy
Students will look at how the government
Collects revenue and its patterns of expenditure, analysing how the government can affect levels of income and
Expenditure through fiscal policies. Candidates should be familiar with the role of the Bank of England in controlling the level of demand and how interest rates can be used to help manage the economy.

Spring Term 2b

EU
Candidates should understand the significance of
the EU as a Single European Market with a single
European currency. And discussions are based around should England join the euro currency and how this will impact consumers and businesses

Summer Term 3a

EU project

Summer Term 3b

Revision

Year 11

Year 11 Economics brings the content learnt and covered in the previous two years together, allowing students to apply this knowledge to a range of scenarios. Part of the unit 12 exam is for students to research two randomly selected topics/case studies on current world economic problems and use their knowledge to gain a better understanding of this topic and make judgements to how this problem could potentially be resolved. Such as Pollution, Poverty and Collusion between firms.

Most GCSE Economics students pursue their interests in the subject and take the course as an A-level to help prepare them for study at university in similar courses encompassing an Economics aspect

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