The EDRON Academy

About the Economics and Business Department

Introduction

economics1The Economics and Business department is made up of two experienced, full time teachers. Ms. Dhamrait (Head of Business and Economics) and Mr. Kelsall who together have over 14 years of teaching experience.
The department strives towards linking theory to real life scenarios, always highlighting world issues both current and historical. Our lessons ensure that each student can explore economic theory through a range of case studies, videos, news reports, news articles, debates and question and answer sessions. One of our main aims is for our students to have a better understanding of the world they live in and become confident in applying theory to their own lives and of others they come into contact with through social circumstances and topical news items. Throughout the course they develop logical reasoning skills, as well as becoming independent enquires and reflective learners.
All students are required to bring a pen, pencil, ruler, planner, note book and calculator to every lesson. Students are also asked to watch the news, both International and National as well as bring in articles to add to the IGCSE Economics News Centre. (A collection of articles related to topics studied in class to help enhance self-management skills and wider reading on views and beliefs that may differ from their own.

Year 10 and 11 IGCSE

Students in year 10 are taught in mixed ability groups and are monitored throughout the year. As groups are taught back-to-back if the teacher feels a student would benefit from changing groups then these changes are made after a student teacher consultation.
SEP Attainment grades in year 10 are calculated through the average score of 3 tests, end of unit tests and key concepts test.
The overall SEP grades are based on 60% tests, 20% classwork and 20% homework.
The two year IGCSE Economics syllabus covers a wide range of topics, highlighting the basic economic problem for every economy to the more advanced Fiscal and Monetary Policies; exploring the problems of expansionary and contractionary polices. Students gain a wide insight into the organization and management of an economy and explore concepts and view points of governments, consumers and businesses. The course gives the students an excellent foundation to continue with IB Economics in year 12 as well as IB Business Management.
Two examinations are sat at the end of the two year course giving students a grade of A* to E. The department achieved 93% A* - C in the summer.
Recommended Resources
IGCSE
Textbook: Complete Economics for Cambridge IGCSE´s and O´Levels, (2nd Ed), by Moynihan and Titley
Websites: www.economist.com , www.theguardian.com , www.ted.com ,  www.dineshbakshi.com

Year 12 and 13 IB

There are two different courses offered for IB at the Edron – IB Economics and IB Business Management.
Both subjects can be taken at Higher Level, HL, or at Standard Level, SL, students choosing the course or level they wish to take.
The IB Economics course is usually made up of IGCSE Economics students, however is also open to those who have no prior knowledge of Economics but who do have an avid interest in the subject and of course the news.
The course covers topics already explored within the IGCSE, however in more depth and includes 3 Economic commentaries which are based upon news articles chosen by the student.
Economic Topics:
• Foundations of Economics
• Microeconomics
• Macroeconomics
• International Economics
• Development Economics
Course Assessment:
• Paper 1, 30% weighting(40% for SL)
• Paper 2, 30% weighting (40% for SL)
• Paper 3, 20% weighting (no paper for SL)
• Portfolio Commentaries, 20% weighting
The Business and Management course is popular amongst students and covers topics including:
• Business Organization and Environment
• Human Resources
• Accounts and Finance
• Marketing and
• Operations Management
HL students also cover a sixth topic, Business Strategy which provides them with a framework and overview of thinking in an integrated way about the future strategy of a business.

All HL and SL students are also expected to complete a research project analyzing an issue facing an organization.

Course Assessment:
• Paper 1, 40% weighting (35% for SL)
• Paper 2, 35% weighting (40% for SL)
• Coursework, 25% weighting
• For those sitting examinations in 2016: Paper 1, 35%, Paper 2, 40% and Coursework 25% for both HL and SL.
Any queries, please contact the Head of Department:
manpreet.dhamrait@edron.edu.mx