This is one of a set of Powerpoints (and accompanying Notes/Key Terms sheets) that I have created for my own teaching of the macroeconomic topics in the new (linear) AQA A-level Economics specification (7135). They follow the order of teaching recommended by the exam board and (generally) the AQA-approved textbooks (Powell & Powell, 2015).
When I teach this course I have the students do some ‘flipped learning’: presenting the topics that are re-visited from the first year to their peers. This Powerpoint covers the ground that I would expect them to cover and includes the elements that are extension for Year 2.
If you choose to use a flipped approach, this Powerpoint can be used as a back-up for anything that the chosen student misses. If you follow a teacher-led approach, this Powerpoint will cover the relevant Year 2 material, with a brief re-cap of Year 1 content.
Key terms covered in this Powerpoint: (references to the specification):
4.2.2.1 The circular flow of income
• The circular flow of income concept, the equation income = output = expenditure, and of the concepts of equilibrium and full employment income.
• The difference between injections and withdrawals into the circular flow of income.
• The effect of changes in injections and withdrawals on national income.
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