Financially
Economics aims for students to understand the basic economic concepts, necessary for understanding and explaining the various economic phenomena in their daily lives. These basic knowledge help students to study Economics in greater depth, so as to form their own understanding of economic systems and economic laws that regulate our lives at national and international levels.
STUDENTS ARE INVITED TO DEVELOP FINANCIAL CONCEPTS, TO MASTER STRATEGIES, SKILLS, ATTITUDES, VALUES, ETC. SO THAT THEY CAN DECIDE AND POSITION CRITICALLY EITHER AS CONSUMERS OR PRODUCERS.
In addition, students should understand their important role as active citizens of a democratic country, in which they participate responsibly, equally, but at the same time as aware citizens of a global society that is called upon to face various issues. To achieve this goal, they understand the usefulness of Economics.
Source: Ministry of Education
Purpose of the course:
In the A Lyceum, the purpose of the Economics course is to offer some basic knowledge and skills to the students to understand economic phenomena of everyday life and to help them advance the study of Economics more deeply. Additionally, at this first specific level, separate reference is made to Accounting. Accounting is one of the professions in the job market that needs the most employment. This course prepares students for the study of Accounting at a higher level and for external exams such as LCCI. Advancing to the 2nd and 3rd Lyceum, the knowledge and skills developed in the previous levels are utilized and Micro and Macro financial issues are analyzed.
The material in the 1st Lyceum includes:
- Financial problem
- Production – Factors of production
- Market and price formation
- Accounting principle – Statement of Financial Position
- Diplomatic system
- Closing Accounts and Balance
- Results status
- Statement of Financial Position
The material in B’ Lyceum includes:
- Introductory economic concepts
- Prosperity and standard of living
- Production potential of the economy
- Consumer behavior
- Price formation
- Money and inflation
- Financial credit system
- Globalization and international economic system
The material in the 3rd Lyceum includes:
- The production of the business
- The cost of production
- Forms of purchase
- Domestic and National economic figures
- Unemployment and business cycles
- Public finances
- International transactions
- International trade
In our school, children have the opportunity to attend lessons individually or in small groups and prepare for the Pan-Cypriot exams as well as for GCSEs, IGCSE, A-Level, IELTS, TOEFL, SATs.
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