Useful resources for Year 11 students
There aren’t many A-Level subjects as dynamic as Economics. Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. At both local and global levels, economists study elements of geography, history, law, politics, psychology and sociology. Economics is typically divided into two categories, micro and macroeconomics. Economics is not simply all about numbers.
Economics and Real World Application
Economics shows itself in every day life. There is a a focus on real life, therefore, economics is focused on learning from case studies. This makes it easy to understand how theory can tell you something about real life.
Visit BBC News and look at articles from the Economy section. Using the articles, think about the following questions for each:
- What is the article about? What are the key points being raised.
- Who is effected by the issues in the article and how? e.g. Businesses; countries; individuals.
- What changes might the government have to make as a result of the issues in the article?
Economic Growth v Coronavirus
Firstly, what is meant by Globalisation? Research this term.
The UK depends on other countries for the goods and services. These are products and services that we need to live our normal daily lives. Consider where the phone you have made? What about the the Apps you most frequently use, where do you think this was designed? Trade with other countries is crucial to ensure we have choice.
|Tutor2u – Overview of some key concepts and debates within the world of Economics|
|Crash Course Economics – engaging summaries of some important concepts and discussion in Economics|
|GConomics – a homemade teacher channel covering OCR Economics topics|
|Interesting Economics – Here is a brilliant link to look at just one concept we cover in year one about sharing and using resources. This TED video is an example of what could be viewed in lesson and discussed with a class of students. Is it possible that overfishing, super germs, and global warming are all caused by the same thing? A man named Garrett Hardin discovered a pattern of human behaviour that explains some of history’s biggest problems.
|Could Coronavirus reverse globalisation? What does this mean for businesses and countries looking to grow? Check out: Coronavirus: A Visual Guide to the Economic Impact.
EconplusDal – a look an analysis and evaluation of all key topics in both macro and micro Economics