BAA Economics Curriculum Intent Statement
As a Church of England Academy, we want all students in our Bluecoat Aspley family to come to understand and value the centrality of faith in our world. We aim to teach high-quality Economics, so that students can study the world around them from a social, financial and cultural perspective. The subject looks at all the different factors that affect wealth and well-being as it relates to every aspect of our lives; from the decisions we make as individuals to decisions made by businesses and governments. It is our hope that through the study of Economics, all students develop an understanding of how different cultures perceive social, political and economic events. Our curriculum is knowledge rich, and promotes an interest in having a greater understanding of our world. Economics helps to prepare our students for adult life and all of the challenges that come with becoming financially independent. It is a relevant, useful and interesting subject that engages students in debates, grounds them in the main economic theories and allows students to become more aware of the economic issues that affect them and the world around them, thus promoting respect. Ultimately, we study the theories and techniques useful for developing policies in government as they have a deep understanding of how to create efficiency in today’s world.
Our intent for all students is that they are able to develop their skills of evaluation through encouraging them to critically formulate arguments in an academic and strategic way. Students will also develop a range of transferable skills including communication, problem solving, numeracy and time management. These skills will allow students to confidently evaluate information, draw conclusions and make informed decisions so they can optimise the outcome.
Expand each Key Stage to access the Curriculum Map and see an overview of what is covered in this subject:
At KS5 in Economics, pupils have 5 hours a week. We follow the AQA A Level Economics Specification (https://www.aqa.org.uk/subjects/economics/as-and-a-level/economics-7135-7136).
Economics is the study of the roles of economic agents (individuals, firms and government) and the decisions they make to improve economic welfare for all. The course is divided into two parts: Microeconomics and Macroeconomics. Microeconomics explores the concept of free markets and whether individuals and firms acting in their own self-interest achieve the most effective production and consumption decisions. The course looks a variety of markets to critically assess whether they work effectively for consumers. Macroeconomics takes a holistic view and looks at economics at a national level, exploring themes such unemployment, inflation and economic growth. We also study the international economy, for example looking at the impact of international trade and evaluating reasons for the different levels of economic development between countries.