VLE
Economics courses are delivered only in the Upper and Sixth Form Departments.
The collective rationale behind these courses lies in the vital importance of equipping students with knowledge and understanding of the economic situation in which they live. The courses provide students with highly relevant skills that contribute significantly to preparing them for effective participation in society as citizens, producers and consumers.
Each of the courses contain knowledge and skills which will place students in an advantageous position in today's highly competitive workplace. The obvious relevance of Economics to employers provides students with an unquestioned edge. Students trained in Economics may find work as foreign-exchange traders, stockbrokers, financial consultants, auditors, tax analysts, investment advisers, research officers, bank managers, market analysts, labour-relations managers, journalists as well as many public sector jobs.
This compulsory Key Stage 3 / pre-IGCSE course combines elements of Economics and Business Studies to provide an introduction to key concepts and a firm basis for informed IGCSE subject choices.
Terms 1 to 3: The marketing mix, market research and data presentation, advertising and promotion, the location of industry, personal and business finance, public and private sector, partnerships, multinational companies, international trade, profits, costs and revenues. Terms 4 and 5: During this final period of study, students will apply the theory base they have developed during the year. In small groups they will tackle a practical business scenario, identifying problems and developing a start-up plan for a business in Kuwait.
IGCSE Economics aims to give students a sound knowledge and understanding of economic terminology, principles and economic theory. Students will develop basic economic numeracy, literacy and the ability to handle data, including graphs and diagrams.
Year 10: Overview
Term 1: Basic economic problems: scarcity and exercise of choice. Term 2: How the market works. Term 3: The private firm as producer and employer. Term 4: The individual as producer, consumer and borrower. Term 5: Nature and functions of organisations and institutions in an economy.
Year 11: Overview
Term 1: The role of government in an economy Term 2: Main economic indicators: recent changes, trends and their consequences Term 3: Developed and developing economies Term 4: International aspects of interdependence, conflicts between the aims of firms and government.
AS Level Economics is a highly regarded qualification. Students improve their personal effectiveness through an understanding of contemporary economic issues, and as a result it is highly valued by employers across a wide range of sectors.
The high level of academic rigour involved in the study of Economics at AS Level enables students to develop intellectually both as individuals and as team players.
Terms 1 and 2: Unit 1 - Competitive Markets. Terms 3 and 4: Unit 2 - Managing the Economy. Term 5: Revision and examination.
The study of A2 Economics will give the student an in-depth knowledge and understanding of the interaction of economics and politics at national and international level. Students will develop a sound understanding of the various economic policy instruments and choices available to government decision makers.
Terms 1 and 2: Unit 3 - Business Economics and Economic Efficiency. Nature of competition between companies; different market structures; government intervention to promote competition in markets. Terms 3 and 4: Unit 4 - The Global Economy. Economic models in a global context; assessment of policies which might be used to deal with economic problems. Term 5: Revision and examination