KS4 GCSE Economics 2013-2014

Subject: Economics Year: 10 Qualification: GCSE Exam Board: OCR Course Code: J320 Assessment and (Provisional) Examination / Assessment Dates Unit A591: How the Market Works (25% of the total GCSE marks, 1 hour written paper, 60 marks, Friday 23 May 2014 p.m.), Unit A592: How the Economy Works (25% of the total GCSE marks, 1 hour written paper, 60 marks, Friday 23 May 2014 p.m.). Key Resources OCR GCSE Economics, Christopher Bancroft (2009) Tutor2u (http://www.tutor2u.net/blog/index.php/gcse-economics) Autumn Term areas of study Unit A591: How the Market Works Learning the following topics: wcarcity, opportunity cost, factors of production, industrial sectors, specialisation, economic systems, private and public sectors and markets. Unit A592: How the Economy Works Learning the following topics: measuring economic performance – the UK today, measurement and causes of economic growth, costs and benefits of growth, employment and unemployment and inflation. Spring Term areas of study Unit A591: How the Market Works Learning the following topics: demand and the demand curve, movements along the demand curve, shifts of the demand curve, supply and the supply curve, movements along the supply curve, shifts of the supply curve, price determination (and market equilibrium) and elasticity. Unit A592: How the Economy Works Learning the following topics: What the government spends its money on, sources of income – taxes, budget deficits, balance and surplus and national debt, distribution and redistribution of income, tax and the redistribution of incomes and correcting market failure through taxes and subsidies. Summer Term areas of study Unit A591: How the Market Works Learning the following topics: costs, revenue & profit, productivity (revisit specialisation, growth of firms, economies and diseconomies of scale, monopoly and competitive markets and labour and wages. Unit A592: How the Economy Works Learning the following topics: Fiscal – including deficit reduction, money and interest rates – including different rates and the reasons for them, monetary and interest rate policy, supply side measures and conflicting policy objectives. Revision (for Unit A591: How the Market Works and Unit A592: How the Economy Works)

KS4 GCSE Economics 2013-2014

Subject: Economics Year: 11 Qualification: GCSE Exam Board: OCR Course Code: J 320 Assessment and (Provisional) Examination / Assessment Dates A591, A593 and A593, June 2014 Key Resources OCR GCSE Economics, Bancroft et al Autumn Term areas of study Why do countries trade? 1. Why Trade? 2. Globalisation 3. International Specialisation and trade 4. Multinationals The balance of payments and factors affecting competitiveness 1. Determination of exchange rates 2. Effect of changes in exchange rates 3. Calculation of the balance of payments 4. Policies to improve a balance of payments 5. Factors influencing competitiveness (including government policy Spring Term areas of study Who the UK trades with? 1. Patterns of trade 2. BRICs 3. Free Trade 4. Protectionism 5. The European Union a. Single market b. Euro Trade and less developed countries / Exam prep 1. Poverty 2. Limits to the benefits of growth 3. Supporting growth 4. Key topics evident in case study Summer Term areas of study Revision of units A591, A592 & A593 with particular focus on A593 case Study