Teacher of Economics – Mr Richard West

KEY STAGE 4

At KS4 GCSE Economics is designed to encourage an interest in real world economics, as well as a grasp of basic economic principles. There are three units, all assessed through exams. One exam considers ‘How the Market Works’, looking at how firms operate in competitive markets and how price is determined through the forces of demand and supply. Another exam focuses on ‘How the Economy Works’, considering the economic objectives of government, how the UK government raises and spends its money and which policies the UK government uses. The third exam focuses on the UK Economy and Globalisation, looking at questions such as: Why do countries trade? How important is the value of a currency? How does a country become competitive?

Question styles vary but include case studies and data interpretation. There is also pre-release material. There are opportunities to develop skills of independent enquiry and broaden subject knowledge through the Economics Society which meets half termly and draws on the experience of outside speakers. There is also the opportunity to subscribe to Economics journals.