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