S5-6 Economics

Ambition, Confidence, Happiness and Respect.

• Economics is about choice and its impact. It relates to the economic decisions we make as individuals, firms and governments. Higher economics will help you to develop an appreciation of how markets and governments work, and how decisions taken in these economic contexts affect everyday life.
• It will allow you to develop your ability to think logically and to consider the reasons for, and the effects of, economic decisions and policies.
• It will also help you to understand the key concepts of economics and apply them in real-life contexts.

Entry Requirements  

Entry to this Course is at the discretion of the centre.

Pupils should have achieved the Higher Business Management and/or  Higher English qualifications and/or experience prior to starting this course. However, relevant experiences and outcomes may also provide an appropriate basis for doing this Course.

Course Progression  

Pupils can progress to courses in Further or Higher Education, or to employment in a wide range of occupations in a modern business environment.

Assessment Details  

• Question paper 90 marks The question paper gives candidates the opportunity to demonstrate their ability to: ¨ apply and integrate knowledge and understanding of economic concepts from all aspects of the course ¨ use data handling techniques to interpret economic information ¨ analyse economic data, evidence and issues to make economic judgements and/or decisions ¨ draw valid conclusions and suggest resolutions to economic related issues
• Assignment 30 marks The assignment gives candidates an opportunity to demonstrate their ability to: ¨ select an appropriate and current economic topic/issue ¨ collect

information/evidence relating to the context of the assignment, from a range of sources ¨ apply relevant economic concepts and theories to the context of the assignment ¨ analyse and evaluate economic data/information ¨ draw/make valid justified conclusions and/or recommendations based on economic data, concepts and evidence ¨ communicate economic reasoning and conclusions and/or recommendations ¨ produce an economics report relating to the context of the assignment

How this course can help you  

The course highlights the importance of economic concepts, government policies and global trade. It builds on your own experiences as consumers and will help you to interpret economic situations through the application of these concepts.

You will have the opportunity to analyse, interpret, predict and explain the actions of individuals, firms and governments in various economic situations.

 You will develop an understanding of:

•  how markets work
• how governments attempt to address economic problems
• how to analyse, interpret and communicate economic information

Expectations of the Department

•  Pupils will also be encouraged to take responsibility for their own learning and keeping track of their progress.
• Regular homework will be given and is an important aspect of this course.