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“Education remains the key to both economic and political empowerment.”
At Chobham Academy, A Level Economics students explore micro-economic and macro-economic theory that teaches them about how businesses operate within specific industries and how different events within an economy will impact on different groups such as governments/industries/consumers.
Students who study Economics have six lessons a week where they are taught using a range of activities allowing them to develop a thorough knowledge of the topic whilst developing their analytical and evaluation skills and also preparing them for their AS/A2 examinations.
Ms S Rees - Director of Learning, Business Studies and Economics
Miss M Ahmed – Teacher of Business/Economics
Key Stage 5
Students study Economics at Key Stage 5 and follow the Edexcel specification
In Year 12 students study two units, looking at micro-economics and macro-economics. The micro-economics unit looks at Competitive Markets “How they work and how they fail” and this unit provides an introduction to the nature of economics and examines how the price mechanism allocates resources in markets. It analyses the nature of market failure, its causes and possible policy remedies. The macro-economic unit looks at Managing the Economy studying the key measures of economic performance and the main objectives and instruments of economic policy.
In Year 13 the students expand on their knowledge from Year 12 and study a micro-economic unit called Business Economics and Economic Efficiency which examines how the pricing and nature ofcompetition between firms is affected by the number and size of market participants. The macro-economic unit looks at the global economy and requires an awareness of trends and developments in the global economy over the last 10 years is required.
ILT Tasks: Economics students are provided with a wide range of ILT tasks such as research tasks looking at the economic environment; reading of economics literature and economics journals; and the opportunity to practice examination questions.
www.tutor2u.com provides a lot of useful links that students can use to help support with their learning
Students take part in projects including:
- Trip to Bank of England Museum
-Talks from David Smith; Editor of Sunday Times (Economics)
- Taster days at Financial Institutions including Barclays and Morgan Stanley.