Page 22 - Year 10 Course Brochure 2023-2025

ECONOMICS

OPTION

COURSE CONTENT Thinking of a career in which you can make a real difference to the lives of other
people? If you are, then learning about Economics could be crucial to your future
success. There has never been a time in history when studying economics has been
as diverse and as relevant. The course is fast paced and demanding. It involves the
study of how we use our world’s limited resources, such as land, time and money, to
satisfy our needs and wants, along with focussing on real world decisions faced by
individuals, businesses and governments. Consequently, we consider businesses as
they attempt to satisfy customers in order to make profits, as well as the decisions
faced by governments as they try to tackle problems such as poverty,
unemployment, pandemics, pollution, climate change, traffic congestion and
inflation. Furthermore, as the world has become ever more connected, we look take
a global view as we consider world trade and globalisation.
APPROACH TO TEACHING Economics is an internet-paced, dynamic subject. Lessons are constantly brought to
AND LEARNING life by events in the news both locally, nationally and globally, for example air
pollution in cities round the world. We encourage discussion and debate in lessons.
Students consider each other’s responses and views when working to solve
problems. The fundamental economic theories such as ‘supply and demand’ will be
explained in lessons by tutors who will attempt to link each of the economic
theories to real world examples; hence students will be encouraged to follow the
subject in media such as newspapers, Twitter, websites and blogs as the subject is
wide ranging and can be applied in a variety of contexts. In order to be successful in
Economics, students will have to be able to think logically as this will help in
understanding the theoretical ideas along with problem solving activities. This
suggests that students will need to be capable of getting at least a grade 6 (or
equivalent) in Mathematics at IGCSE level. Several enrichment activities are
incorporated into the course, such as a Fiscal Policy challenge, as well as a
programme of visits and guest speakers who are hosted regularly by the Millfield
Economics Society.

ASSESSMENT Assessment is by two examination papers.
There is no coursework.

FURTHER INFORMATION A GCSE in Economics will develop a number of key skills needed for success in any A
level as it will develop your ability to think logically, to analyse information, to
debate issues in order to find solutions to problems.

EXAM BOARD AND The specification number is: 4EC1
SPECIFICATION Full course details can be found at:
Edexcel International Advanced Level (pearson.com)

CONTACT Mr A Shaw
Head of Economics
shaw.a@millfieldschool.com

20 YEAR 10/11 COURSE GUIDE