British (UK)

The National Curriculum of England (UK) is a very structured curriculum that is designed to meet the needs of all students, stretching brighter children and supporting those who need it through differentiated teaching and learning activities. The curriculum extends and excites all students, whatever their interests or ability. Through it, teachers are able to identify, celebrate and nurture the talents and intelligences of students.

British education is renowned for concerning itself with the development of the whole personality.

In the British education system, students are taught to learn by questioning, problem-solving and creative thinking rather than by the mere retention of facts, hence giving them analytical and creative thinking skills that they will need in the working world. A variety of teaching and assessment methods designed to develop independent thought as well as a mastery of the subject matter is used.

The National Curriculum of England has a clearly defined series of academic and other objectives at every level. mydrasa focuses on Key stage 3 (Year 7-9), Key stage 4 IGCSE/GCSE (Year 10-11) and Key stage 5 A-Level (Year 12-13).

mydrasa added subjects related to Key stage 4 to Year 9, and added subjects related to Key stage 5 to Year 11 for student preparation.

IGCSE stands for the "International General Certificate of Secondary Education". It is a program leading to externally set, marked and certificated examinations from the University of Cambridge. Any student who takes an IGCSE subject will be gaining a qualification that is recognized globally.

The exam boards covered under the International GCSE are Cambridge, Edexcel, and Oxford AQA.

SUbjects

Subjects

Cambridge - Economics - 0455

  • Overview
  • Chapters

The aims describe the purposes of a course based on this syllabus. They are not listed in order of priority. The aims are to enable students to:

· know and understand economic terminology, concepts and theories

· use basic economic numeracy and interpret economic data

· use the tools of economic analysis

· express economic ideas logically and clearly in a written form

· apply economic understanding to current economic issues.

  • 1: The basic economic problem
    1.1: The nature of the economic problem
    1.1.1: Finite resources and unlimited wants
    1.1.2: Economic and free goods
    1.2: The factors of production
    1.2.1: Definitions of the factors of production and their rewards
    1.2.2: Mobility of the factors of production
    1.2.3: Quantity and quality of the factors of production
    1.3: Opportunity cost
    1.3.1: Definition of opportunity cost
    1.3.2: The influence of opportunity cost on decision making
    1.4: Production possibility curve diagrams (PPC)
    1.4.1: Definition of PPC
    1.4.2: Points under, on and beyond a PPC
    1.4.3: Movements along a PPC
    1.4.4: Shifts in a PPC
  • 2: The allocation of resources
    2.1: Microeconomics and macroeconomics
    2.1.1: Microeconomics
    2.1.2: Macroeconomics
    2.2: The role of markets in allocating resources
    2.2.1: The market system
    2.2.2: Key resources allocation decisions
    2.2.3: Introduction to the price mechanism
    2.3: Demand
    2.3.1: Definition of demand
    2.3.2: Price and demand
    2.3.3: Individual and market demand
    2.3.4: Conditions of demand
    2.4: Supply
    2.4.1: Definition of supply
    2.4.2: Price and supply
    2.4.3: Individual and market supply
    2.4.4: Conditions of supply
    2.5: Price determination
    2.5.1: Market equilibrium
    2.5.2: Market disequilibrium
    2.6: Price changes
    2.6.1: Causes of price changes
    2.6.2: Consequences of price changes
    2.7: Price elasticity of demand (PED)
    2.7.1: Definition of PED
    2.7.2: Calculation of PED
    2.7.3: Determinants of PED
    2.7.4: PED and total spending on a product/revenue
    2.7.5: Significance of PED
    2.8: Price elasticity of supply (PES)
    2.8.1: Definition of PES
    2.8.2: Calculation of PES
    2.8.3: Determinants of PES
    2.8.4: Significance of PES
    2.9: Market economic system
    2.9.1: Definition of market economic system
    2.9.2: Advantages and disadvantages of the market economic system
    2.10: Market failure
    2.10.1: Definition of market failure
    2.10.2: Causes of market failure
    2.10.3: Consequences of market failure
    2.11: Mixed economic system
    2.11.1: Definition of the mixed economic system
    2.11.2: Government intervention to address market failure
  • 3: Microeconomic decision makers
    3.1: Money and banking
    3.1.1: Money
    3.1.2: Banking
    3.2: Households
    3.2.1: The influences on spending, saving and borrowing
    3.3: Workers
    3.3.1: Factors affecting an individual’s choice of occupation
    3.3.2: Wage determination
    3.3.3: Reasons for differences in earnings
    3.3.4: Division of labour/specialisation
    3.4: Trade unions
    3.4.1: Definition of a trade union
    3.4.2: The role of trade unions in the economy
    3.4.3: The advantages and disadvantages of trade union activity
    3.5: Firms
    3.5.1: Classification of firms
    3.5.2: Small firms
    3.5.3: Causes and forms of the growth of firms
    3.5.4: Mergers
    3.5.5: Economies and diseconomies of scale
    3.6: Firms and production
    3.6.1: Demand for factors of production
    3.6.2: Labour-intensive and capital-intensive production
    3.6.3: Production and productivity
    3.7: Firms’ costs, revenue and objectives
    3.7.1: Definition of costs of production
    3.7.2: Calculation of costs of production
    3.7.3: Definition of revenue
    3.7.4: Calculation of revenue
    3.7.5: Objectives of firms
    3.8: Market structure
    3.8.1: Competitive markets
    3.8.2: Monopoly markets
  • 4: Government and the macroeconomy
    4.1: The role of government
    4.1.1: The role of government
    4.2: The macroeconomic aims of government
    4.2.1: The macroeconomic aims of government
    4.2.2: Possible conflicts between macroeconomic aims
    4.3: Fiscal policy
    4.3.1: Definition of the budget
    4.3.2: Reasons for government spending
    4.3.3: Reasons for taxation
    4.3.4: Classification of taxes
    4.3.5: Principles of taxation
    4.3.6: Impact of taxation
    4.3.7: Definition of fiscal policy
    4.3.8: Fiscal policy measures
    4.3.9: Effects of fiscal policy on government macroeconomic aims
    4.4: Monetary policy
    4.4.1: Definition of money supply and monetary policy
    4.4.2: Monetary policy measures
    4.4.3: Effects of monetary policy on government macroeconomic aims
    4.5: Supply-side policy
    4.5.1: Definition of supply-side policy
    4.5.2: Supply-side policy measures
    4.5.3: Effects of supply-side policy measures on government macroeconomic aims
    4.6: Economic growth
    4.6.1: Definition of economic growth
    4.6.2: Measurement of economic growth
    4.6.3: Causes and consequences of recession
    4.6.4: Causes of economic growth
    4.6.5: Consequences of economic growth
    4.6.6: Policies to promote economic growth
    4.7: Employment and unemployment
    4.7.1: Definition of employment, unemployment and full employment
    4.7.2: Changing patterns and level of employment
    4.7.3: Measurement of unemployment
    4.7.4: Causes/types of unemployment
    4.7.5: Consequences of unemployment
    4.7.6: Policies to reduce unemployment
    4.8: Inflation and deflation
    4.8.1: Definition of inflation and deflation
    4.8.2: Measurement of inflation and deflation
    4.8.3: Causes of inflation and deflation
    4.8.4: Consequences of inflation and deflation
    4.8.5: Policies to control inflation and deflation
  • 5: Economic development
    5.1: Living standards
    5.1.1: Indicators of living standards
    5.1.2: Comparing living standards and income distribution
    5.2: Poverty
    5.2.1: Definition of absolute and relative poverty
    5.2.2: The causes of poverty
    5.2.3: Policies to alleviate poverty and redistribute income
    5.3: Population
    5.3.1: The factors that affect population growth
    5.3.2: Reasons for different rates of population growth in different countries
    5.3.3: The effects of changes in the size & structure of population on countries
    5.4: Differences in economic development between countries
    5.4.1: Differences in economic developmnte between countries
  • 6: International trade and globalisation
    6.1: International specialisation
    6.1.1: Specialisation at a national level
    6.1.2: Advantages and disadvantages of specialisation at a national level
    6.2: Globalisation, free trade and protection
    6.2.1: Definition of globalisation
    6.2.2: Role of multinational companies (MNCs)
    6.2.3: The benefits of free trade
    6.2.4: Methods of protection
    6.2.5: Reasons for protection
    6.2.6: Consequences of protection
    6.3: Foreign exchange rates
    6.3.1: Definition of foreign exchange rate
    6.3.2: Determination of foreign exchange rate in foreign exchange market
    6.3.3: Causes of foreign exchange rate fluctuations
    6.3.4: Consequences of foreign exchange rate fluctuations
    6.3.5: Floating and fixed foreign exchange rates
    6.4: Current account of balance of payments
    6.4.1: Structure
    6.4.2: Causes of current account deficit and surplus
    6.4.3: Consequences of current account deficit and surplus
    6.4.4: Policies to achieve balance of payments stability

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