Economics

ECONOMICS H1 (Syllabus 8823)

Aims

Economics is an engaging discipline that affords students the opportunity to gain essential and useful skills for life. They will learn to weigh different perspectives and possible solutions to come to a reasoned conclusions and the art of communicating this effectively. They will also learn critical analysis of texts and data given. These skills are important in the 21st Century's volatile, uncertain, complex and ambiguous world with constant bombardment of information. In addition, the discipline is helpful in exploring human behaviour and interaction.

Approach

H1 Economics at ACJC envisions imparting a love for current affairs and the ability to evaluate ideas critically from different perspectives in students. They will gain the skills of analysing and resolving Economic issues, as well as evaluate policy decisions. The instructional programme is designed to develop passionate, independent learners who are able to think rationally. 

The curriculum involves lectures and tutorials as a holistic approach to nurture each student’s academic capabilities. Tutorials in particular are student-centred: being interactive and collaborative; with teachers acting as facilitators as students explore and engage economic concepts and ideas with one another. Classroom teaching is supplemented with online materials and the use of social media to stimulate students’ awareness of the operation of economic principles in real-world contexts.


Programme


The H1 Economics syllabus includes microeconomic concepts and macroeconomic concepts, examining specific goods and services before examining issues faced by countries.

H1 Economics is assessed through 1 compulsory paper, consisting of 2 case study questions over 3 hours. The questions are based on 2 to 3 pages of extracts and quantitative data. Each case question will revolve around a multi-faceted economic issue or policy decision, and will involve a mix of data response questions and higher-order type questions, which involve application of theory to the scenario presented, and evaluation of policy decisions made by economic agents.

Topics
  • The Central Economic Problem involving scarcity, resource allocation and rational decision-making by economic agents
  • Markets, covering the price mechanism and market failure
  • The National Economy, which includes macroeconomic analysis and policies.

The syllabus document may be accessed at this link.

ECONOMICS H2 (Syllabus 9757)

Aims

Economics is an engaging discipline that affords students the opportunity to gain essential and useful skills for life. They will learn to weigh different perspectives and possible solutions to come to a reasoned conclusions and the art of communicating this effectively. They will also learn critical analysis of texts and data given. These skills are important in the 21st Century's volatile, uncertain, complex and ambiguous world with constant bombardment of information. In addition, the discipline is helpful in exploring human behaviour and interaction.

Approach

H2 Economics at ACJC envisions imparting a love for current affairs and the ability to evaluate ideas critically from different perspectives in students. They will gain the skills of analysing and resolving Economic issues, as well as evaluate policy decisions. The instructional programme is designed to develop passionate, independent learners who are able to think rationally. 

The curriculum involves lectures and tutorials as a holistic approach to nurture each student’s academic capabilities. Tutorials in particular are student-centred: being interactive and collaborative; with teachers acting as facilitators as students explore and engage economic concepts and ideas with one another. Classroom teaching is supplemented with online materials and the use of social media to stimulate students’ awareness of the operation of economic principles in real-world contexts.


Programme


H2 Economics is assessed through 2 papers. Paper 1 consists of 2 case studies over 2 hours 15 minutes and Paper 2 consists of 3 essays over 2 hours 15 minutes. Every H2 student is required to sit for both papers. The syllabus includes microeconomic concepts and macroeconomic concepts, examining specific markets, before examining specific economies and countries.

Paper 1 (Case study)
The paper will consist of 2 questions, each question will have 2-3 pages of extracts and quantitative data. The case will revolve around a multi-faceted economic issue or policy decision, and will involve a mix of data response questions and higher-order type questions, which involve application of theory to the scenario presented.

Paper 2 (Essay)
The paper will consist of 3 essay questions, chosen from 6 options. The essay question will allow students to express their opinions, based on economic theory, and demonstrate their individual wealth of knowledge.

Topics
  • Rational Decision-making in Economics & Scarcity as the Central Problem in Economics
  • Price Mechanism (use of demand and supply analysis and how price mechanism may fail, i.e. market failure)
  • Firms and Decisions (how firms make decisions and their competition strategies)
  • The National & International Economy (how an economy works, the macroeconomic objectives of governments and how do governments achieve them via government policies) 

The syllabus document may be accessed at this link.

ECONOMICS H3 (Syllabus 9809)

Aims

The MOE H3 Economicssyllabus aims to develop in students the ability to:
1. critically evaluate economic concepts and theories
2. apply appropriate tools of economic reasoning to analyse the underlying nature of real-world economic
issues, and propose hypotheses
3. critically and independently evaluate perspectives and decisions of economic agents
4. formulate and present well-reasoned arguments and strategies to address economic issues

Approach

The H3 Economics syllabus content is built on the content of the H2 Economics syllabus. Students are expected to be familiar with the H2 Economics content.  The syllabus content provides a thematic approach to the understanding of Economics. The concepts and issues specified in the syllabus would be taught in the context of Singapore and the global economy where appropriate. 

Students should have an awareness of the nature and significance of Economics as a social science (as compared to the natural sciences) and the foundations of economic analysis (models, evidence and statistical analysis). We apply the same the disciplinary thinking framework in A-Level Economics, which focuses on decision-making. Students will have the opportunity to explain, analyse and apply economic concepts and theories through the core themes. Students will also evaluate economic issues and policy choices in a real-world context. 

Students are expected to demonstrate a broad conceptual overview and deep understanding of Economics as a discipline, and should also have a good knowledge of recent economic trends and development.


Programme


The programme will cover three core themes in the syllabus:


Theme 1: Rationality in Decision-Making 
This theme encourages a more thorough study of decision-making by economic agents, through examining in greater depth the idea of rationality and how behavioural economics affects decision-making.

Theme 2: Firms, Strategies and Market Failure 
Theme 2 looks at firms’ strategies and market failure with a microeconomic focus. 

Theme 3: Globalisation and Economic Performance 
This theme examines globalisation and economic performance in advanced and emerging economies with a macroeconomic emphasis.

The syllabus document may be accessed at this link.