Economics
Are you curious about how the world works? Economics has the answer. It is the study of how we can satisfy our infinite wants, with the scarce resources available on earth.
Why are there such contrasts between wealth and poverty in our world? How can we keep consuming goods and services while minimising the impact on the environment? What does the government do to improve living standards, reduce prices and reduce unemployment? How have globalisation and trade contributed to the Brexit vote and Trump’s election win?
Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals and families to the structures created by governments and firms. The economic way of thinking can help us make better choices.
Student resources
The Google Drive, Google Sites and Clickview are only available for students and teachers of Aylesbury High School. The Google Drive and Google Sites contain all Google-based resources used in lessons.
| AHS only resources | AHS only resources |
|---|---|
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Subject intent
GCSE and A Level
Economics is a subject which will be new to most students who take it. It introduces our students to some new ways of looking at the world and some new techniques of analysing what you see. The task of an economist is then to use this new language and perspective to interpret the world around them and contemplate big questions. Economics will make students inquisitive and want to understand how the world works.
It is the study of how we can satisfy our infinite wants, with the scarce resources available on earth.
Why are there such contrasts between wealth and poverty in our world? How can we keep consuming goods and services while minimising the impact on the environment? What does the government do to improve living standards, reduce prices and reduce unemployment? How have globalisation and trade contributed to the political climate, social concerns and the issues impacting on everyone, every day?
Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. The economic way of thinking can help us make better choices.
Of course, we also inspire our students to achieve fantastic academic results in their GCSE and A level courses alongside understanding the Economy, Finance, Business and building skills for life.
Key Stage 4 (Years 10-11) course implementation, learning journey & assessment info.
Course content
| Year 10 | Year 11 |
|---|---|
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“How markets work” (Microeconomics) |
“How the economy works” (Macroeconomics) |
This link takes you to the AQA specification, which contains all the necessary course information. Assessments take place throughout the 2 years of the course, in addition to Year 10 exams and mocks in the spring term of Year 11.
How will I be assessed?
The following summary is based upon students doing the Higher papers.
| Paper 1 How markets work – 50% | Reading 25% |
|---|---|
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Written exam 1hr 45 mins
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Written exam – 1 hr 45 mins
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Key Stage 5 (Years 12-13) course implementation, learning journey & assessment info.
Course content
| Year 12 | Year 13 |
|---|---|
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4.1.1 Economic methodology and the economic problem 4.1.2 Individual economic decision-making 4.1.3 Price determination in a competitive market 4.1.4 Production, costs and revenue 4.1.8 The market mechanism, market failure and government 4.2.1 The measurement of macroeconomic performance 4.2.3 Economic performance |
4.1.5 Perfect competition, imperfectly competitive markets and monopoly 4.1.6 The labour market 4.1.7 The distribution of income and wealth: poverty and inequality 4.2.5 Fiscal policy and supply-side policies 4.2.6 The international economy 4.2.4 Financial markets and monetary policy |
This link takes you to the AQA specification, which contains all the necessary course information. Assessments take place throughout the 2 years of the course, in addition to Year 12 exams and mocks in the spring term of Year 13.
How will I be assessed?
| Paper 1: Markets and market failure – 33 1/3 % | Paper 2: National and international economy - 33 1/3 % | Paper 3: Economic principles and issues – 33 1/3 % |
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Written exam – 2hrs
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Written exam – 2hrs
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Written exam – 2hrs
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Subject impact
High quality teaching and learning in classrooms.
Engaged learners.
Strong academic progress and assessment outcomes.
Feedback in Economics lessons
This chart explains the types of feedback that students can expect to receive for work done in geography lessons/at home.
| Activity | Types of feedback |
|---|---|
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End of unit assessments |
Written feedback, with score/grade and www/ebi (what went well / even better if) |
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Homework |
Peer assessment/teacher feedback in class |
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Spot tests |
Peer assessment/teacher feedback in class |
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Worksheet activities |
Self/peer assessment in class |
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Google forms/quizzes |
Immediate Google feedback |
School values in Economics
| Boundless Aspiration | Curious Engagement | Resilient Bravery | Selfless Generosity |
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