The King's School Grantham

Isaac Newton's School

    Year 13 Economics Curriculum

    Key topics to be taught this year: 

    Autumn Term

    Topic

    Further details about the topic

    Skills

    1

    The labour market

     

     

     

     

     

     

     

     

     

     

    The distribution of income and wealth: poverty and inequality

     

     

    Perfect competition, imperfectly competitive markets and monopoly

     

     

     

     

     

    The demand for labour, marginal productivity theory, influences on the supply of labour to different markets, the determination of relative wage rates and levels of employment in perfectly competitive labour markets, the determination of relative wage rates and levels of employment in imperfectly competitive labour markets, the influence of trade unions in determining wages and levels of employment, the National Minimum Wage, discrimination in the labour market.

    The distribution of income and wealth, the problem of poverty,  Government policies to alleviate poverty and to influence the distribution of income and wealth.  Measures of growth and development and related links.

    Market structures, the objectives of firms,  perfect competition, monopolistic competition, oligopoly, monopoly and monopoly power, price discrimination, the dynamics of competition and competitive market processes,  contestable and non-contestable markets, market structure, static efficiency, dynamic efficiency and resource allocation,  consumer and producer surplus

    Knowledge, application, analysis and evaluation

    2

    The market mechanism, market failure and government intervention in markets

     

     

     

     

     

     

     

     

     

     

    The measurement of macroeconomic performance

     

    How the macroeconomy works

     

     

     

     

     

    Economic performance

     

     

     

     

    Fiscal policy and supply-side policies

     

     

     

    How markets and prices allocate resources (part), public goods, private goods and quasi-public goods (part), positive and negative externalities in consumption and production (part),  merit and demerit goods (part), market imperfections, competition policy, public ownership, privatisation, regulation and deregulation of markets, Government intervention in markets (part), Government failure (part)

    Uses of national income data

     

     

    Aggregate demand and the level of economic activity, determinants of long-run aggregate supply

    Economic growth and the economic cycle, employment and unemployment, inflation and deflation, possible conflicts between macroeconomic policy objectives

    Fiscal policy, supply-side policies

    Knowledge, application, analysis and evaluation

    Spring Term

     

     

     

    1

    Financial markets and monetary policy

     

     

    The international economy

    The structure of financial markets and financial assets,  commercial banks and investment banks,  central banks and monetary policy,  regulation of financial markets

    Globalisation, trade, The Balance of Payments , exchange rate systems, economic growth and development

    Knowledge, application, analysis and evaluation

    2

    Complete Spring term topics

    Revision for A- Level Economics examinations

     

     

    Scrutiny of past papers and mark schemes

    Knowledge, application, analysis and evaluation

    Summer Term

     

     

     

    1

    Revision for A- Level Economics examinations

     Scrutiny of past papers and mark schemes

    Knowledge, application, analysis and evaluation

    2

    Revision for A- Level Economics examinations

    Scrutiny of past papers and mark schemes

    Knowledge, application, analysis and evaluation

     

    Autumn Term

    Topic

    Type of Assessment

    CAT 1

    All areas covered in term 1

    Exam paper

    Spring Term

     

     

    CAT 2

    A Level Paper 1 and 2

    Mock Exam

    Summer Term

     

     

    CAT 3

    A Level Paper 3

    Mock Exam

    Main Resources: 

    Resource

    Details 

    Term 

    Text books

    AQA A2 Economics by Powell (ISBN9781471829840)

    All

    Recommended reading

    A quality newspaper

    Economics by Alain Anderton (ISBN 9781405892353)

    All

    Recommended websites

    www.bized.co.uk

    www.tutor2u.net

    www.economicsonline.co.uk

    www.economist.com

    http://www.bbc.co.uk/news/business/

    All

    Equipment

    Pen, pencil, ruler, calculator

    All