TEACHERS

CONSTANTINIDOU MARIANNA (Head of the Economics Department)
B.Sc., MSc
University of Maine, USA
University of Westminster, UK

DEMETRIOU PANAYIOTIS
A.C.E.A., M.A.A.T., M.Sc
Jeff Wooller College
Brunel University UK

HERA ERMIONI
BA Polytechnic of North London, UK

PANAYIDOU POPI
BA (Hons), M.B.A.
University of Lancaster
University of Wales College of Cardiff, UK

AZA MARIA
BA (Econ) Honours, Economics and Finance
University of Manchester, ICAEW (Professional Exams)

Accounting

Grades 4 & 5 (elective): The subject prepares students for the IGCSE Ordinary level as well as for the LCCI Level One Book-keeping examinations. The aim of the subject is an understanding of the nature and purpose of Accounting in business and non-profit organisations, and the principles on which accounting is based. Furthermore, the subject teaches the student to prepare and understand the accounts, and to apply accounting principles to the solution of relevant problems.

Grades 6 & 7 (elective):The subject prepares students for the GCE Advanced level and for the LCCI Level Two and Three Accounting. The aims of the subject are: to develop the ability to comprehend and comment upon accounting information given in various forms; to encourage the ability to compile accounting reports and use them in decision-making; to develop the ability to discuss accounting concepts and conventions. Furthermore, the subject teaches students to be able to apply the principles of financial and management accounting, to discuss current accounting problems, and to present accounting information in a cogent manner.

Economics

Grades 4 & 5 (elective): Economics is a social science which seeks to explain the economic basis of human societies. At the IGCSE  the following issues and problems are examined: Scarcity of Resources; Demand and Supply; Determination of Prices; Different types of Markets and Firms; Production and Factors of Production; Money and Banking; International Trade, and Public Finance.

Grades 6 & 7 (elective): The new Advanced Level Economics syllabus is divided into four units. Students in grade six cover the first two units which are examined at the end of the year (AS Examinations). Units 1-2 deal mainly with Microeconomic issues such as Demand, Supply, the Price Mechanism, Market Failures etc. There is also a brief introduction into Macroeconomic issues such as Unemployment, Inflation, GDP, etc. In the seventh grade, students cover the remaining two units (A2, Units 3-4). Unit 3 deals with the behaviour of firms whereas unit 4 is mainly a synoptic entity covering most Macroeconomic issues such as Trade, Exchange Rates, Public Expenditure, Taxation, Investments, the EU etc.