Economics

Exam board: AQA

 

Year 9

	Topic taught
Term 1	Economic foundations
Term 2	Resource allocation
Term 3	How prices are determined
Term 4	Elasticity of demand, elasticity of supply
Term 5	Production, costs revenue and profit
Term 6	£2 charity challenge

 

Year 10

	Topic taught
Term 1	Production, costs, revenue and profit, competitive markets, non-competitive markets
Term 2	Concentrated markets, market failure
Term 3	How the economy works - National economy, government objectives
Term 4	Government objectives – Economic growth and employment
Term 5	Government objectives – Inflation and price stability, balance of payments
Term 6	Country development tasks and research – focus on social, economic and cultural changes in a variety of countries.

 

Year 11

	Topic taught
Term 1	Government objectives – recap of all so far
Term 2	Government objectives – distribution of income, how government manages the economy – fiscal policy
Term 3	How government manages the economy – monetary policy, supply-side policy, policy to correct positive and negative externalities
Term 4	International trade and global economy. Exchange rates, trade agreements, globalisation and the role of money and financial markets.
Term 5	Revision for exams