Harris Academies
All Academies in our Federation aim to transform the lives of the students they serve by bringing about rapid improvement in examination results, personal development and aspiration.

Economics

Economics

Entry Requirements

An average Attainment 8 score of 5.5 as well as a Grade 6 in English Language or Literature and a Grade 6 in Maths.

An additional AS in Core Maths is advised if not taking Maths A Level.

What is Economics?

Economics is the study of how the forces of demand and supply allocate resources for consumers, firms and at national level. Many of the most important issues facing society are economic in nature. This course aims to develop an interest in and enthusiasm for economics and its contribution to the wider economic and social environment. You will acquire an understanding of a range of concepts and the ability to use these concepts in a variety of different contexts. From an enquiring, critical and thoughtful ‘economist’s mind’ you will practise the skills, qualities and attitudes which will equip you for the challenges, opportunities and responsibilities of adult and working life.

Year 1 Course Content

Why is the government now cutting public spending? What effect will that have on the economy? What caused the recession? How competitive is the UK? What causes unemployment? Why do we pay tax? Was it really the banks that caused the current economic problems?

You will discover how the government tries to influence the economy, why it taxes various products and how it decides where to spend our money; what causes prices to rise and the impact of interest rates.

Year 2 Course Content

In the second year you will study these subjects in greater depth and progress to areas such as the economics of specific industries such as airlines and to the UK economy in the global economy, including exchange rates, the European Union and sustainable economic development.

How will you be assessed?

100% examination at the end of two years based on three 2 hour written papers.

Exam board: OCR