Year 13

Autumn Term + Spring Half Term 1

Business cycle; economic growth and welfare; the economics of happiness; unemployment & the Phillips curve; inflation and deflation; quantity theory of money; taxation; government spending; fiscal policy and demand management; supply side policies; money, its supply and demand; rate of interest; operation and limitations of monetary policy; limits of government policy

Spring Half Term 2 + Summer Term

National and International economy; macroeconomic indicators including national income data; managing the national economy; exchange rate policy; the international economy including the EU.