• Economics

Economics

Economics is widely considered to be amongst the most influential of all the social sciences.

Economics helps us to understand how the world works… and how to make it a better place. 

It is at the heart of understanding the major social problems of our time, including climate change, inequality, poverty, health care, an ageing population, obesity, and globalisation. Effective solutions to these problems require economic insights.

The Pearson Edexcel International GCSE in Economics qualification enables students to:

  • develop an understanding of economic concepts and apply these concepts to real-life situations
  • calculate, interpret and evaluate economic data in order to make reasoned arguments and informed judgements
  • develop an awareness of economic change and its impact on developing and developed economies
  • understand economic issues, problems and possible solutions that affect mixed economies
  • participate effectively in society as citizens, producers and consumers.

Please click on this link to learn more about why you should study economics.

Syllabus link

Please click on this link for more details about the course including the current syllabus

Course presentation video

FAQs

Course Overview

Year

Michaelmas term

Lent term

Trinity term

9

The market system:

‐ The economic problem & economic assumptions

- Demand, supply & market equilibrium

- Elasticities of demand & supply

The market system:

- The mixed economy

- Externalities

- Production and productivity

Business economics:

- Business costs, revenue and profit

- The growth of firms 

- Competitive markets

10

Business economics:

- Monopoly & oligopoly market structures

- The Labour market

- Government Intervention in markets

- Privatisation

Government and the economy:

‐ Macroeconomic objectives:

1. Economic growth
2. Low inflation
3. Low unemployment
4. Balance on the current account of the BoP
5. Protection of the environment

Government and the economy:

- Macroeconomic objectives:

6. Redistribution of income

- Macroeconomic policies:

1. Fiscal policy
2. Monetary policy
3. Supply side policies

11

The global economy

- Globalisation

‐ International trade

‐ Exchange rates

Revision and past papers

Exam preparation

Assessment

2 papers- each paper is 50% of total. 

Paper 1: The market system & Business economics

1 & 1/2 hours: Four compulsory questions requiring students to examine, assess and evaluate economic issues

Paper 2: Government and the economy & The global economy

1 & 1/2 hours: Four compulsory questions requiring students to examine, assess and evaluate economic issues

Please contact Paul Murphy: paul.murphy@dulwich.org for further info.