Economics

Welcome to the Economics Department.

Economics is taught using a dynamic and inclusive teaching style that is designed to stretch and push the most able while supporting and nurturing the whole cohort. Using a combination of lecture style large group sessions and university style smaller group seminars, the department hopes to instill a work ethic and proactive approach to learning that will suitably prepare the students for university in two years’ time.  Each year group receives a full set of lectures (equivalent to other sixth form subjects) totaling nine 55 minute sessions per fortnight. The cohort is then split in to small groups for a further 55 minute seminar with their teacher. This session is designed specifically to address issues from the lectures, provide more focused one-to-one support and review and assess essay style and exam practice.

As well as aiming for the highest standards of success at A Level, the department seeks to promote an interest in, and understanding of, the UK economy and its relationships with the rest of the EU and the global economy, including the developing world. We hope that students come to value the study of economics for its own intrinsic interest as well as a passport to university entrance and highly paid employment. In an ever changing economic and political landscape, studying economics could never be more relevant and in the last seven years has boomed into becoming one of Cranbrooks most popular A level subjects.

We are following the GCE – Economics A Edexcel syllabus across two years which is a rigorous and suitably challenging qualification that is well respected by all class of university. Appropriate skills for the qualification include shrewd problem solving skills, source analysis, quantitative number ability and a balanced writing style.  The course is concluded with three final assessments, each being a two hour exam paper. These are all sat at the end of year 13 towards the end of May; paper one addresses themes 1 and 3, paper two addresses themes 2 and 4 and paper 3 assesses knowledge from all four units.

Year 12 8EC0/01; Theme 1 and Theme 2

Year 13 9EC0/01; Theme 3 and Theme 4

http://qualifications.pearson.com/en/qualifications/edexcel-a-levels/economics-a-2015.html

Theme 1 – Introduction to markets

  • The nature of economics
  • How markets work
  • Market Failure
  • Government intervention

Theme 2 – the UK economy

  • Measures of economic performance
  • Aggregate Demand and Supply
  • National Income
  • Economic Growth
  • Macroeconomic objectives and policy

Theme 3 – Business behaviour and the labour market

  • Business growth and objectives
  • Revenues, costs and profits
  • Market structures
  • The labour market

Theme 4 – A global perspective

  • International economics
  • Poverty and inequality
  • Emerging and developing economies
  • The financial sector
  • The role of the state in the Macroeconomy
  • Extracurricular activities:

Each year, a team enters the prestigious Bank of England/Times Target 2.0 Interest Rate Challenge, a national competition for students to make a presentation reviewing the performance and prospects of the economy and make a recommendation as to the interest rate most likely to achieve the Bank’s 2 per cent inflation target.  In 2005 Cranbrook won the national competition and in 2009 were second to Haberdashers Askes in the South East Final, narrowly missing out on a second National Final appearance at the Bank.  During my tenure we have reached the South East final once and placed second in the regional qualifier twice.

Mr Peter Rogers, Head of Economics : rogersp@cranbrook.kent.sch.uk