Higher Line (KS5)
Poetry and Rhetoric
Very few pupils will have studied Economics before and it is no advantage to have done so. A grade B at GCSE Maths would be advisable. Pupils who are considering a degree in Economics at Russell group Universities need to have Maths and preferably Further Maths A levels. Economics works well with both Sciences and Arts subjects
Enrichment activities in Economics include:
Bank of England Target 2.0 competition
Production of The Stonyhurst Economist
IFS Student Investor Challenge
RES Essay Competition
The syllabus chosen is Edexcel GCE Economics. Link to Edexcel website.
Unit 1: Competitive Markets. How they work and why they fail. Assessment is a 1 hour and 30 minute examination.
Unit 2: Managing the Economy. Assessment is a 1 hour and 30 minute examination.
Unit 3: Business Economics and Economic Efficiency. Assessment is a 1 hour and 30 minute examination.
Unit 4: The Global Economy. Assessment is a 2 hour examination.
This can be studied at Standard or at Higher Level. It is a subject that requires much independent research and the desire to keep abreast of the current economic situations will be important.
The Core teaching of both levels is the same but Higher Level gives greater depth to some topics. Higher Level students also complete a Higher level Extension paper.
Topics covered at SL and HL include: Microeconomics; Macroeconomics; International Economics; Development Economics and an internally assessed Portfolio of three commentaries.