Leaving Certificate Economics provides students with the knowledge and skills necessary for understanding how the Irish and global economy functions. The learning experiences in economics develop students’ critical thinking, problem solving, decision-making and numeracy skills. Economics provides students with a learning foundation for a wide range of careers in business, economics, finance, enterprise and management. Economics can be subdivided into Microeconomics, which deals with the part of economics concerned with single factors and the effects of individual decisions, and Macroeconomics, which is based on the large-scale or general economic factors, such as interest rates and national productivity. Some of the basic economic concepts are wealth, income, welfare, scarcity, choice, wants, needs, goods and services, utility, production, consumption and exchange, opportunity cost, diminishing returns, open and closed economics.

Aims

* To give students a general picture and an understanding of economic activities, patterns and principles.

* To develop in students the capacity to apply these principles and to help them transfer this knowledge to new situations, and to achieve critical thought.

* To develop in all our students an interest in everyday economics and to aid them in their education for citizenship.

* To provide a suitable basis for further study of the subject.

* To examine how things should work in an in-depth manner, examining real data and analysing it to draw conclusions.

* To helps students to develop a clear understanding of the role of economics and to encourage the development of appropriate learning skills.

* To generate in students a positive and ethical attitude to economics in personal, business and public life

Exam Structure

This subject is suited to students who are willing to work hard and caters for all abilities. It is not necessary for students to have studied Junior Certificate Business Studies, but this would be a help. Ideally, students should have a general interest in how the economy works. There are no projects, practical aspects, field trips, etc. Teacher may include project work but it is not a requirement of the syllabus.

Higher Level & Ordinary Level

* One Paper – 2.5 hour paper Section

* A – 9 Q’s do 6 (100 marks)

* Section B – 8 Q’s do 4 (75 each. 300 in total). Large element of choice here.

Note: While Ordinary and Higher level pupils cover the same ground, the latter will be expected to have a wider knowledge and deeper understanding than the pupils who present at Ordinary Level.