Economics (Year 12)
See Year 12s Economics ‘Schedule of Learning’ for the 2025/26 academic year:
| Topic | Sub-topic |
|---|---|
| Microeconomics | Basic Economic Problem FoP, Specialisation, Money |
| Macroeconomics | Macro objectives and PPF |
| Microeconomics | Efficiency, Demand |
| Macroeconomics | Nat. Economic Performance, Circular Flow of Income |
| Microeconomics | Supply, Markets (price determination) |
| Macroeconomics | Aggregate Demand |
| Microeconomics | Markets (price mechanism) |
| Macroeconomics | Aggregate supply |
| Microeconomics | Markets (cons/prod surplus), Elasticity |
| Macroeconomics | Economic growth/multiplier, inflation |
| Microeconomics | Markets (taxes/subsidies) |
| Microeconomics | Market Failure |
| Macroeconomics | Unemployement |
| Microeconomics | Competition & Efficiency |
| Macroeconomics | Balance of Payments, Fiscal Policy |
| Microeconomics | Government Intervention |
| Macroeconomics | Monetary Policy |
| Microeconomics | Govt. Failure, History of Economic Thought |
| Macroeconomics | Monetary Policy, Supply Side Policies |
| Microeconomics | Economic Organisation, Behavioural Econonomics |
| Macroeconomics | Conflicting Policy Objectives/Global context |
| Micro & Macro | Revision |
| Microeconomics | Business Growth, Revenues, costs |
| Macroeconomics | Globalisation, Absolute & Comparative advantage |
| Microeconomics | Business objectives |
| Macroeconomics | Pattern of Trade |
| Microeconomics | Profits, Economies of scale |
| Macroeconomics | Measures of Development |
| Macroeconomics | Perfect Competition |
| Microeconomics | Factors influencing growth and development |
Exam Board – Edexcel
What will you study?
Theme 1:
Introduction to markets and market failure
Market failure
Government intervention.
Theme 2:
The UK economy – performance and policies
National income
Economic growth
Macroeconomic objectives and policy.
Theme 3:
Business behaviour and the labour market
Business growth
Business objectives
Theme 4:
A global perspective
International economics
Poverty and inequality
• Alain Anderton – Economics
• Steven Levitt & Stephen Dubner – Freakonomics
• Tim Hardford – The Undercover Economist
• Ken Binmore – Game Theory: A Very Short Introduction
• David Smith – Free Lunch
Useful tips and resources
• Broadsheet newspapers: The Guardian, The Times, The Telegraph, The Independent, Financial Times
• The Economist
• Tutor2u
• Yr12 T2U Lessons
• Bank of England
• Khan Academy
• Future Learn
• University of Southampton
• University of Basel
What super curricular activities can KS5 students engage with at school?
Economics and Business society – discussing current themes in the financial, business and economics worlds. Autumn Term.
Read:
• Dharshini David – Almighty Dollar
• Kate Raworth – Doughnut Economics
Visit:
The Bank of England Museum
Watch:
Bitcoin: The End of Money as we know it
Economics and Business society – discussing current themes in the financial, business and economics worlds. Autumn Term.
Read:
• Freidrich von Hayek – The Road to Serfdom
• Adam Smith – The Wealth of Nations
• Gareth Stedman Jones – Karl Marx: Greatness and Illusion
Visit:
The Bank of England
Browse:
The Economist
Watch:
The True Cost
LEAD – GDST organised entrepreneurial project. Autumn and Spring Terms.
Economics and Business society – discussing current themes in the financial, business and economics worlds. Autumn Term.
Read:
• Daniel Kahneman – Thinking, Fast and Slow
• Cass Sunstein & Richard Thaler – Nudge: Improving Decisions About Health, Wealth and Happiness
• Richard Thaler – Misbehaving: The Making of Behavioural Economics
• Robert Skidelsky – The Essential Keynes
Watch:
We feed the World
The Corporation
The Fed and Lehman Brothers: setting the record straight on a financial disaster
Visit:
The Bank of England
Browse:
• Institute of Economic Affairs
• Stock trade simulator