The Ridgeway School & Sixth Form College Learning & Education

KS4 Economics

The Team

Mrs G Moody — Subject Staff Leader — [email protected]


Specification

Board — OCR

Units & Codes:

J205/01 — Exam: 1 Hour 30 Mins

  • Introduction to Economics and the role of markets and money.
  • 50% of the course.

J205/02 — Exam: 1 Hour 30 Mins

  • Economics objectives and the role of the government and international trade in the global economy.
  • 50% of the course.

Assessment of Course

The Economics exam paper is not tiered. This means that you have as much chance of getting an A* as anyone else in your class.

There are two examined papers with different sections that are worth different weightings. All topics will be taught along with exam skills over the two year course.

Course Content

Economics looks at how decisions are taken by different economic agents; consumers, firms and countries. The underpinning question of economics is how to allocate resources effectively. How should government allocate tax revenue? What price should be charged for products to ensure that the demand meets supply? Should doctors be paid more than nurses?

Economics develops the skills of research, analysis, data interpretation and problem solving; skills which complement a number of careers in varying subjects.

GCSE Economics is a useful introduction for further study of Economics at ‘A Level’ and University and can be combined effectively with a range of other subjects such as Mathematics, Geography, History, Business Studies and Languages.

The study of Economics can lead to careers in Banking, Accountancy, Retailing, Advertising, Law and Finance and Business Management. Employers view the skills gained in this subject extremely highly as seen with Economics graduates being amongst the highest paid in the country.

Curriculum

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