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 - 9708

  • Overview
  • Chapters

The syllabus aims to enable candidates to develop:

• an understanding of the factual knowledge of economics

• a facility for self-expression, not only in writing but also in using additional aids, such as statistics and diagrams, where appropriate

• the habit of using works of reference as sources of data specific to economics

• the habit of reading critically to gain information about the changing economy we live in

• an appreciation of the methods of study used by the economist, and of the most effective ways economic data may be analysed, correlated, discussed and presented.

  • 1: Basic economic ideas and resource allocation
    1.1: Basic economic ideas and resource allocation
    1.1.1: Scarcity, choice and opportunity cost
    1.1.2: Positive and normative statements
    1.1.3: Factors of production
    1.1.4: Resource allocation in different economic systems and issues of transition
    1.1.5: Production possibility curves
    1.1.6: Money
    1.1.7: Classification of goods and services
    1.1.8: Efficient resource allocation
    1.1.9: Externalities and market failure
    1.1.10: Social costs and benefits; cost-benefit analysis
  • 2: The price system and the micro economy
    2.1: The price system and the micro economy
    2.1.1: Demand and supply curves
    2.1.2: Price elasticity, income elasticity and cross-elasticities of demand
    2.1.3: Price elasticity of supply
    2.1.4: Interaction of demand and supply
    2.1.5: Market equilibrium and disequilibrium
    2.1.6: Consumer and producer surplus
    2.1.7: Law of diminishing marginal utility
    2.1.8: Indifference curves
    2.1.9: Budget lines
    2.1.10: Types of cost, revenue and profit, short-run and long-run production
    2.1.11: Different market structures
    2.1.12: Growth and survival of firms
    2.1.13: Differing objectives of a firm
  • 3: Government microeconomic intervention
    3.1: Government microeconomic intervention
    3.1.1: Maximum and minimum prices
    3.1.2: Taxes (direct and indirect)
    3.1.3: Subsidies
    3.1.4: Transfer payments
    3.1.5: Direct provision of goods and services
    3.1.6: Nationalisation and privatisation
    3.1.7: Policies to achieve efficient resource allocation and correct market failure
    3.1.8: Equity and policies towards income and wealth redistribution
    3.1.9: Labour market forces and government intervention
    3.1.10: Government failure in microeconomic intervention
  • 4: The macro economy
    4.1: The macro economy
    4.1.1: Aggregate Demand and Aggregate Supply analysis
    4.1.2: Inflation
    4.1.3: Balance of payments
    4.1.4: Exchange rates
    4.1.5: The terms of trade
    4.1.6: Principles of absolute and comparative advantage
    4.1.7: Protectionism
    4.1.8: Economic growth, economic development and sustainability
    4.1.9: National Income statistics
    4.1.10: Classification of countries
    4.1.11: Employment/unemployment
    4.1.12: The circular flow of income
    4.1.13: Money supply (theory)
    4.1.14: Keynesian and Monetarist schools
    4.1.15: The demand for money and interest rate determination
    4.1.16: Policies towards developing economies; policies of trade and aid
  • 5: Government macro intervention
    5.1: Government macro intervention
    5.1.1: Types of policy: fiscal, monetary and supply side policy
    5.1.2: Policies to correct balance of payments disequilibrium
    5.1.3: Policies to correct inflation and deflation
    5.1.4: Government macro policy aims
    5.1.5: Inter-connectedness of problems
    5.1.6: Effectiveness of policy options to meet all macroeconomic objectives

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