St Brigid's College, Loughrea

Economics

Economics

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Leaving Certificate Economics students smile with relief after they finished their last exam (Economics!) in June 2019

L to R Evan Forde, Sinead Kennedy & Ronan Mitchell

An exciting new specification for Leaving Certificate Economics has been implemented since September 2019.

Young people are growing up in a dynamic economywhich is constantly changing at local, national and global levels. Increasingly, their lives are being shaped by social, political and economic decisions and policies made by the Irish government as well as European and international governments and institutions. Students need to be equipped with the skills, knowledge, understanding and values to negotiate these rapid changes in order for them to participate fully and effectively in society.

Leaving Certificate Economics is relevant to the lives of students today and it is hoped that, in the future, they will develop an interest and curiosity about economic issues. Many senior cycle subjects have close links with economics including Business, Politics and Society, Geography, History, Mathematics, and Home Economics—scientific and social.The knowledge and understanding gained in economics can be used in conjunction with that developed in these other subjects to enrich overall learning.

Further study

Economics can lead to many exciting and rewarding careers, from being a policy developer, financial advisor, analyst or journalist, to being employed by the government, industry, financial institutions, statutory and voluntary organisations, and working in sectors such as IT and education.

Course structure

The Leaving Certificate Economics specification is presented in five strandsthat reflect five fundamental economic questions.

STRAND 1: WHAT IS ECONOMICS ABOUT?

1.1 Economics as a way of thinking

1.2 The economic concepts of scarcity and choice

1.3 Economic, social and environmental sustainability

STRAND 2: HOW ARE ECONOMIC DECISIONS MADE?

2.1 The market economy

2.2 The consumer

2.3 The firm

2.4 Government intervention in the market

STRAND 3: WHAT CAN MARKETS DO?

3.1 Market structures

3.2 The labour market

3.3 Market failure

STRAND 4: WHAT IS THE RELATIONSHIP BETWEEN POLICY AND ECONOMIC PERFORMANCE?

4.1 National income

4.2 Fiscal policy and the budget framework

4.3 Employment and unemployment

4.4 Monetary policy and the price level

4.5 Financial sector

STRAND 5: HOW IS THE ECONOMY INFLUENCED BY INTERNATIONAL ECONOMICS?

5.1 Economic growth and development

5.2 Globalisation

5.3 International trade and competitiveness

Exam and Assessment structure 2021

There are two assessment components at each level:

  • written examination (80%)
  • research study (20%).

Both components of assessment reflect the relationship between the application of skills and the

theoretical content of the specification.

Written examination 80%

  • Section A Choice of short answer questions 20%
  • Section B Choice of extended response questions 60%

Research study Report 20%

Total 100% 100%

Events
Dec
10 2019
Christmas Service for St. Brendan's Nursing Home
Dec
11 2019
College Expo @ St. Brigid's College
Dec
12 2019
Volleyball Finals
Dec
12 2019
Junior Cert Parent Teacher Meeting
Contact Us
 
 
 
Contact
St Brigid's College, Loughrea
Baunoge,
Loughrea,
Co. Galway,
Ireland

091 841 919

Galway and Roscommon Education and Training Board
Location
© 2019 St Brigid's College, Loughrea