Year 11 Economics
Curriculum:
Click to Expand Autumn Content:
Why Countries Trade and the Importance of International Trade to the UK
Exchange Rates
Free-Trade Agreements Including the European Union
Globalisation: Benefits and Drawbacks
Key Concepts:
Key Concepts:
Key Concepts:
Key Concepts:
- The importance of trade to economies
- The main types of exports from, and imports to, the UK economy
- The advantages of trade and the consequences of global interdependence to the UK economy
- How exchange rates are determined
- The effects of changes in the exchange rate on consumers and producers
- To make simple calculations involving exchange rates
- The arguments for and against free-trade
- The significance and benefits of free-trade agreements, such as the EU
- The factors that have contributed to the growth of globalisation, including new technology and the operations of multinational companies
- The benefits and drawbacks of globalisation to producers, workers and consumers in the UK
- That there are moral, ethical and sustainability considerations when UK producers trade with other countries
Click to Expand Spring Content:
The Role of Money
The Role and Importance of the Financial Sector for the Economy
Key Concepts:
Key Concepts:
- The use of money as a means of deferred payment, store of value, a unit of account and a medium of exchange
- That money can be defined as more than the amount of banknotes and coins in circulation
- The main agents in the financial sector such as the Bank of England, commercial banks and building societies
- The role of the Bank of England in influencing interest rates and ensuring stability of the financial system
- The role of high street banks in helping to fund investment and providing a service for savers and borrowers
Click to Expand Summer Content:
By this point in the academic year, we have completed the course content and we are focusing on revision, exam technique and pace.
Subject Overview:
Students in Year 11 have 3 Economics lessons each week.
In Year 11, students have 1 piece of homework set every week.
Assessments:
Students sit an assessment at the end of each topic and unit.
Summative assessment will take place at points throughout the year, usually every half term.
Students will additionally sit a mock exam around November to help with exam preparation.
