HARLINGTON UPPER SCHOOL

Students apply their knowledge and understanding to different business contexts ranging from small enterprises to large multinationals and businesses operating in local, national and global contexts.  Students develop an understanding of how these contexts impact on business behaviour.

Students will apply their knowledge and understanding to business decision making including:

• The interdependent nature of business activity, influences on business, business operations, finance, marketing and human resources, and how these interdependencies underpin business decision making.

• How different business contexts affect business decisions.

• The use and limitation of quantitative and qualitative data in making business decisions.

What students will learn

• Business in the real world

• Influences on business

• Business operations

• Human resources

• Marketing

• Finance

How will students be assessed?

At the end of Year 11 there will be 2 exams which will consist of:

Paper 1

• Section A - multiple choice questions and short answer questions worth 20 marks.

• Section B - one case study/data response stimuli with questions worth approximately 34 marks.

• Section C - one case study/data response stimuli with questions worth approximately 36 marks.

Paper 2

• Section A - multiple choice questions and short answer questions (20 marks).

• Section B - one case study/data response stimuli with questions (approx. 34 marks).

• Section C - one case study/data response stimuli with questions (approx. 36 marks).

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The subject content looks at economic activity through the lens of consumers, producers, government and the workings of the global economy.  As students go through the course they’re presented with opportunities to focus on real-world issues.  Students should consider and reflect upon moral, ethical and sustainable issues that arise as a result of the impact of economic activity.

Students should use their economic knowledge and skills to investigate national and global economic situations and issues from the last 15 years.  Students should also be aware of the policies that governments have used to attempt to manage these situations and issues.

Students will develop quantitative skills relevant to the subject content.  They should be able to make relevant calculations from economic data and be able to interpret data presented in the form of graphs and charts.  Students should be able to recognise the possible limitations of both quantitative and qualitative data.

What students will learn? 

Part 1 Introduction to Economics:

• The main economic groups and factors of production

• The basic economic problem

Part 2 The role of markets and Money

• The role of markets

• Demand

• Supply

• Price

• Competition

• Production

• The labour market

• The role of money and financial markets

Part 3 Economic objectives and the role of the government

• Economic growth

• Low unemployment

• Fair distribution of income

• Price stability

• Fiscal policy

• Monetary policy

• Supply side policies

• Limitations of markets

• Part 4 International trade and the global economy

• Importance of international trade

• Balance of payments

• Exchange rates

• Globalisation

How will students be assessed?

At the end of Year 11 there will be 2 exams which will consist of:

Paper 1 

Part 1 Introduction to Economics

Part 2 The role of markets and Money

Section A - 10 multiple choice questions followed by a range of calculation, short and extended response questions.

Section B - five questions involving a mix of calculations, short and extended responses.

Paper 2 

Part 3 Economic objectives and the role of the government

Part 4 International trade and the global economy

Section A - 10 multiple choice questions followed by a range of calculation, short and extended response questions.

Section B - five questions involving a mix of calculations, short and extended responses