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Economics at Holcombe Grammar School

Course description

Students in Economics apply economic theory to support analysis of current economic problems and issues, and are encouraged to appreciate the interrelationships between microeconomics and macroeconomics. Students develop the knowledge and skills needed to understand and analyse data, think critically about issues and make informed decisions. Question papers use a variety of assessment styles including real-life case studies and data exercises to better prepare students for further study and employment.

Course content

Subject content

Individuals, firms, markets and market failure

  • Economic methodology and the economic problem
  • Individual economic decision making
  • Price determination in a competitive market
  • Production, costs and revenue
  • Perfect competition, imperfectly competitive markets and monopoly
  • The labour market
  • The distribution of income and wealth: poverty and inequality
  • The market mechanism, market failure and government intervention in markets

The national and international economy

  • The measurement of macroeconomic performance
  • How the macro economy works : the circular flow of income, AD/AS analysis, and related concepts
  • Economic performance
  • Financial markets and monetary policy
  • Fiscal policy and supply-side policies

The international economy

Entry requirements

A minimum of 5 Grade A* - CGCSEs including English Language and mathematics

A grade B in  relevant GCSE subject such as Business Studies

Assessment

Students will be assessed on three papers. Paper 1: Markets and market failure. Students will answer data response and essay questions. Paper 2: National and international economy. Students answer data response and essay questions. Paper3: Economic principles and issues. Students answer multiple choice and case study questions.

Future opportunities

Consideration can be given to a very wide range of areas for future employment and education. These include Banking, Accountancy, and Insurance and management positions generally. It is possible to combine many degree and sandwich courses in Economics with other subjects such as Maths, Geography, Accountancy, Law etc.

How to apply

If you want to apply for this course, you will need to contact Holcombe Grammar School directly.

Last updated date: 24 November 2014
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Key information

  • Start date: Next September
  • Duration: 2 years

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