Overview:

Students in Year 11 have 3 Economics lessons each week.

Students will receive one piece of Economics each week which should last up to an hour.

Curriculum:

In Autumn we study:
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
In Spring we study:
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
In Summer we study:

By this point in the academic year, we have completed the course content and we are focusing on revision, exam technique and pace.

Assessments:

Students are assessed at the end of each topic and at the end of each unit.
There assessments typically take place every half term.

Students will additionally sit a mock exam around November to help with exam preparation.

Resources:

eRevision: Link