AQA Economics for Year 11 offers a crucial foundation in understanding how economic systems function and how they impact our daily lives and the world at large. This knowledge is immensely useful as it equips students with the tools to make informed decisions and to engage thoughtfully in contemporary economic and social issues. It fosters critical thinking and analytical skills, enabling students to assess the consequences of various economic policies, from government interventions to international trade agreements. This not only prepares them for further studies in economics and related fields but also empowers them to participate in public debates, make sound financial choices, and appreciate the complexities of global economic interdependence.
Moreover, AQA Economics for Year 11 lays the groundwork for diverse career paths. Whether students aspire to be economists, business leaders, policymakers, or financial analysts, a strong foundation in economics is essential. It enables individuals to comprehend market trends, anticipate economic shifts, and devise effective strategies for businesses or governments. In an ever-evolving global economy, this course provides students with a versatile skill set that is applicable to diverse professional sectors. Furthermore, the principles of scarcity, choice, and opportunity cost learned in this course transcend economics, fostering logical decision-making that is relevant to everyday life and a wide range of career opportunities.
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Curriculum
- 1 Section
- 47 Lessons
- 60 Hours
- AQA Economics47
- 1.0The Basics of Economics
- 1.1Scarcity, choice, and opportunity cost
- 1.2The role of resources in production
- 1.3Economic agents
- 1.4consumers, producers, and government
- 1.5Markets and competition
- 1.6Markets and competition
- 1.7Supply and Demand
- 1.8The law of demand
- 1.9Factors affecting demand
- 1.10The law of supply
- 1.11Factors affecting supply
- 1.12Elasticity
- 1.13Price elasticity of demand
- 1.14Income elasticity of demand
- 1.15Price elasticity of supply
- 1.16Cross-price elasticity
- 1.17Market Structures
- 1.18Perfect competition
- 1.19Monopoly
- 1.20Oligopoly
- 1.21Monopolistic competition
- 1.22International Trade
- 1.23Benefits and costs of international trade
- 1.24Exchange rates and their impact
- 1.25Trade barriers and protectionism
- 1.26Balance of payments
- 1.27Government Intervention
- 1.28Price controls (e.g., price ceilings and floors)
- 1.29Taxes and subsidies
- 1.30Regulation and competition policy
- 1.31Public goods and externalities
- 1.32The Labor Market
- 1.33Labor supply and demand
- 1.34Wages, salaries, and income distribution
- 1.35Unemployment and its types
- 1.36Government policies to address unemployment
- 1.37Inflation and Deflation
- 1.38Measuring inflation
- 1.39Causes and consequences of inflation
- 1.40Policies to control inflation
- 1.41Deflation and its impact
- 1.42Economic Growth and Development
- 1.43Factors influencing economic growth
- 1.44Economic indicators and development
- 1.45Strategies for development
- 1.46International aid and sustainable development