Key Stage 4

Autumn Term 1

Autumn Term 2

Year 10

Main economic groups and factors of production

Basic economic problem

Role of markets

Demand

Supply

Year 11

Low unemployment

Fair distribution of income

Price stability

Fiscal policy

Mid-year assessment

Monetary policy

Key Stage 4

Spring Term 1

Spring Term 2

Year 10

Price

Competition

Mid-year assessment

Production

Labour markets

Year 11

Supply side policies

Limitations of markets

International trade

Balance of payments

Exchange rates

Globalisation

End of year assessment

Key Stage 4

Summer Term 1

Summer Term 2

Year 10

Financial markets

Revision

End of year assessment

Economic growth

Year 11

Exam preparation

Exam preparation

Key Stage 5

Autumn Term 1

Autumn Term 2

Year 12

Microeconomics (4hrs)

Economic problem

Opportunity cost

Allocation of resources

Specialisation and trade

Demand

Microeconomics (4hrs)

Supply

Interaction of demand and supply

Elasticity

Macroeconomics (4hrs)

Circular flow of income

Aggregate demand

Aggregate supply

Macroeconomics (4hrs)

Multiplier and accelerator

Economic growth

Development

Year 13

Microeconomics (4hrs)

Cost, revenue, profit Economics of scale

Microeconomics (4hrs)

Mid-year assessment

Perfect competition

Monopoly

Macroeconomics (4hrs)

International trade

Exchange rates

Macroeconomics (4hrs)

Mid-year assessment

Globalisation

Key Stage 5

Spring Term 1

Spring Term 2

Year 12

Microeconomics (4hrs)

Concept of the margin

Revision

Microeconomics (4hrs)

Mid-year assessment

Market failure and externalities

Information failure

Macroeconomics (4hrs)

Employment

Inflation

Revision

Macroeconomics (4hrs)

Mid-year assessment

Balance of payments

Income distribution and welfare

Year 13

Microeconomics (4hrs)

Monopolistic competition

Oligopoly

Contestable markets

Microeconomics (4hrs)

End of year assessment

Demand for labour

Supply for labour

Labour market

Macroeconomics (8hrs)

Trade policies and negotiations

Macroeconomics (8hrs)

End of year assessment

Financial sector

Financial regulation

Key Stage 5

Summer Term 1

Summer Term 2

Year 12

Microeconomics (4hrs)

Public goods

Government intervention

Revision

Microeconomics (4hrs)

End of year assessment

Business objectives

Macroeconomic (4hrs)

Fiscal policy

Money and interest rates

Monetary policy

Revision

Macroeconomic (4hrs)

End of year assessment

Supply side policy

Phillips curve

Policy conflicts

Year 13

Exam preparation

Exam preparation