Welcome to the Economics and Business Department

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Our Vision

As a department, we endorse the school’s culture of ‘Learning through Diversity’ in helping us to reach the goal of preparing our students to be tomorrow’s citizens, equipped and able to be successful at any time and to become independent life-long learners.

In Economics and Business, we aim to enable every pupil to maximize their potential by making effective use of data to inform teaching and learning and by constantly developing our skills as a teaching team. All staff have up-to-date knowledge and understanding of our subject. We play a key part in developing life-long skills which will contribute to their economic wellbeing. Our curriculum contextualises learning through the use of real-life situations and problem-solving scenarios. Our students develop personal qualities such as the ability to work effectively in teams.

Departmental Aims and Ethos

A. Student-Focused Aims

Prepare them as effectively as possible for public examinations
Provide as stimulating an environment as possible for the teaching of Economics and Business.
Develop pupil’s awareness of current and relevant issues in Economics and /or Business
Foster a sense of responsibility towards the environment
Advise and direct pupils who are considering Tertiary education in an Economics or Business-related field.

Specific Departmental Aims

Expectations of ALL Students are high – all pupils should maximize their potential.
Students should become at ease with using the appropriate economics/business terminology. They should be able to understand the relevant concepts and methods to address current relevant issues and be aware of the limitations of these methods.
Students should be able to distinguish fact from opinion and evaluate/ analyse data in order to make informed judgements.
Students should have a detailed knowledge of the workings of the UK Economy and the Business world.
Respect for Diversity and Tolerance

Curriculum

The Edexcel IGCSE in Economics is designed as a two-year course. As students progress through the course, they are introduced to new ideas and concepts while continuing to use and reinforce previously learned concepts and skills. The course is designed to give students a sound understanding of Economics, and the ability to use knowledge, skills and understanding appropriately in the context of individual countries and the global economy. The overall aim is to help students comprehend the complexities of the real world, especially now when a significant part of the global economy is in turmoil.

What the Subject involves
You may never have studied Economics before, and yet when you open a newspaper, what do you read about? — The collapse of the Greek economy or maybe the banking crisis in Cyprus? Turn on the TV news and what do you hear? Maybe some piece of news that relates to the state of the economy either the domestic or the global economy. Economics affects our daily lives. Continually we are being made aware of local, national and international economic problems and continually we are faced with economic problems and decisions of our own.

The Edexcel IGCSE in Economics is designed as a two-year course. As students progress through the course, they are introduced to new ideas and concepts while continuing to use and reinforce previously learned concepts and skills. The course is designed to give students a sound understanding of Economics and the ability to use knowledge, skills and understanding appropriately in the context of individual countries and the global economy. The overall aim is to help students comprehend the complexities of the real world, especially now when a significant part of the global economy is in turmoil.

Economics International A-Level
Pearson Edexcel International Advanced Subsidiary in Economics: This qualification comprises two externally examined units. The International Advanced Subsidiary is the first half of the International Advanced Level qualification, consisting of Units 1 and 2. Students may receive this qualification as a discrete certification or contribute 50 per cent towards the International Advanced Level qualification.

Pearson Edexcel International Advanced Level in Economics: This qualification consists of four externally examined units. The International Advanced Level includes the two IAS units (Units 1 and 2) as well as two IA2 units (Units 3 and 4). Students who wish to obtain the International Advanced Level qualification must complete all four units.

Unit 1: Markets in Action
Unit 2: Macroeconomic Performance and Policy
Unit 3: Business Behavior
Unit 4: Developments in the Global Economy

Business International A-Level
Pearson Edexcel International Advanced Subsidiary in Business: This qualification consists of two externally-examined units. The International Advanced Subsidiary is the first half of the International Advanced Level qualification and consists of two IAS units, Units 1 and 2. This qualification may be awarded as a discrete qualification or may contribute 50 per cent towards the International Advanced Level qualification.
Pearson Edexcel International Advanced Level in Business: This qualification consists of four externally-examined units. The International Advanced Level consists of two IAS units (Units 1 and 2) plus two IA2 units (Units 3 and 4). Students who wish to obtain the International Advanced Level qualification must complete all four units.

Unit 1: Marketing and People
Unit 2: Managing business activities
Unit 3: Business Decisions and Strategy
Unit 4: Global business

Beyond the Classrom

The range of activities provided by the Business and Economics Department includes:

The Economics Olympiad Club offers students a chance to enhance their understanding and appreciation of how economics rules the world, as economics is a subject beyond the classroom. The aim of the club is to deepen the economic and financial literacy of high school students, helping them develop several skills, including the ability to quickly recall information while processing large volumes of information and prepare them to compete with other students on a similar educational level through the Pancyprian Economics Olympiad taking place in March. The Pancyprian Economics Olympiad was first introduced in 2019 by the “Pancyprian Association of Economics Teachers” and quickly attracted a lot of attention. It has been warmly embraced by all schools, teachers, and students around Cyprus from the very beginning.

The Economics Olympiad club offers students a unique opportunity to deepen their understanding of economics beyond the classroom. Its main goal is to enhance financial and economic literacy, sharpen analytical and application skills, and prepare students for the Pancyprian Economics Olympiad held every March. Launched in 2019 by the Pancyprian Association of Economics Teachers, the Olympiad has gained widespread support across Cyprus. Through practice sessions, timed exam questions, and constant feedback, students improve recall, critical thinking, and exam readiness. Competing at a national level allows them to assess their knowledge, build confidence, and strive for academic excellence. – Mr. Tryfonas Hadjichristoforou

Saturday sessions for Year 7 students – Hellas Direct-sponsored have proved very successful, with very high attendance. These took place on three Saturdays focusing on revising Year 6 material and workshops focusing on exam papers.

The Economics Support Club for Years 4-7 has significantly benefited students by focusing on past paper practice for Pearson exams (IGCSE, IAS, IAL). This targeted approach enhances exam readiness and boosts confidence. Through regular practice, students become familiar with the exam format and question styles, improving their time management and problem-solving skills. The club also provides personalized feedback and support, helping students identify and address their weaknesses. Through past paper practice, the club reduces exam anxiety and cultivates a thorough understanding of economic concepts, ultimately leading to higher academic performance and success in Pearson exams.

Economics Extension Society– The Economics Extension Society is a weekly extracurricular activity dedicated to fostering a deeper understanding of economics beyond traditional classroom learning. This society provides a platform for students to engage with the subject through various enriching activities, guest speaker sessions, workshops, and practical applications of economic theories.

The society invites economists, industry experts, and academic scholars to share their insights and experiences. These sessions offer students unique perspectives on contemporary economic issues, ranging from global market trends to policy-making processes.

The society organizes various enrichment activities designed to broaden students’ economic knowledge and interests. Such activities encourage students to explore economics from different angles and develop a holistic understanding of the subject.

A key aim of the society is to extend learning beyond the confines of standard textbooks. Understanding and applying economics to real-world situations is emphasized as a crucial skill. The society facilitates this by organizing internships, project collaborations with businesses, and more recently, in cooperation with Ms.Roussou a Summer program with the University of Cyprus. These opportunities allow students to experience the practical implications of economic theories and decision-making processes in real-world contexts.

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Welcome to the Economics and Business Department

Welcome to the Economics and Business Department

Our Vision

Departmental Aims and Ethos

Curriculum

Beyond the Classrom