Transcript Why Study Economics teachers' presentation

GCSE Economics
What is economics?
“ Economics
is
how
people's
I want a
new iPad!
demands for things they want are
met.”
It is about scarce resources – such
as oil, sporting or singing talent!
There are three questions
Economics that we try to answer:
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in
Why are they so
expensive?
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What will I study?
Micro and Macro
(little and big economics)
Micro = about people – what they spend and save, how things are
made and priced
Macro = about countries and governments
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What kind of questions do we ask
in Economics?
• What are the social ‘costs’ of over consuming alcohol?
How can governments help?
• What are the causes and consequences of growth,
unemployment and inflation?
• What determines the trading success of the UK? How are
exchange rates determined?
• Is globalisation a gift or a curse?
• What are the risks of long term poverty?
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In year 10, you learn about Personal Economics:
Money: why does it have value, spending, saving
and managing your money.
Work: why do we work, getting paid and what
happens if we are out of work
The Economy: why do we trade, why we have
different currencies, making choices as a consumer
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In Year 11, you will investigate how the government
tries (and sometimes fails!) to manage the economy:
Markets and the Economy: the role of consumers,
suppliers, the government and central banks
The European Union: a hot topic! The benefits of a
single market, the difficulties of the Euro
Current Economic Issues: globalization, poverty,
immigration, environmental issues, China and more!
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Assessment
Two exams at the end of year 11- 1hr 15 minutes each
Both are worth 50% of your final grade
The questions are a mix of short answer and longer
written structured questions, using scenarios and
statistics from the real world.
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What skills will I learn?
• Written
• Analytical and problem solving
• Numerical
• Presentation
• Research
• Communication
• Team working
• Political Awareness
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What jobs do people do with
Economics?
• Lawyer
• Investment manager
• Banker
• Politician
• Journalist
• Accountant
These jobs are some of the best
paid jobs in the UK!
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• Charity work
• International organisations
Source: Alumni Survey
Year 10
What were we doing last week in
our lessons?
‘Egg Shortages in California’
•
New laws allocating more room to each egg laying
chicken
•
Implications on the supply of eggs?
•
What happens to the price of eggs in California? In
the rest of the US?
Year 11
‘Food prices, Fuel prices & Inflation’
•
What has been happening to food prices in the UK?
•
And fuel prices?
•
What is the current rate of inflation and why the
change?
•
Why don’t we want deflation?
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Exam Results
AS Results 2014
• 85.2% A* - C
A2 Results 2014
• 95.7% A*- C
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Questions?
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