To understand the nature of the course and expectations (AQA) To understand ‘What is Economics?’ and apply it To understand ‘The methodology?’ and apply it Includes: Ice breaker starter, theory, activities and links to videos
Calculate, Reverse Calculate and Interpret. With additional activities Weighting and Inflation. Includes: Theory and many differentiated activities (individual, paired and group)
Define equilibrium in a market and how it is achieved Explain how changes in demand and Supply can cause disequilibrium and how the market establishes a new equilibrium Understand inter-market relationships Demonstrate the interrelationship of markets through diagrams
Define the four main economic objectives link these to Indicators and UK economic performance Summarise the main objectives/ measurements and associated terms and vocabulary Whole lesson: Theory, video links, activities and assessment.
Economics Monetary Policy - 3 lessons - A2/Yr2 Theory, activities, videos and assessment. Lesson 1 1) To understand the interaction of money supply and demand 2) To understand and apply the objectives of Monetary Policy 3) To apply modern methods (instruments) of money supply and its consequences Monetary base control Open Market Operations (OMOs) Setting interest rates Lesson 2 To demonstrate the relationship between interest rates and exchange rates through linked analysis To understand the transmission mechanism To apply and analyse monetary policy in view of the mechanism Lesson 3 To review, apply and analyse monetary policy in view of the transmission mechanism To develop arguments for and against monetary policy for use in evaluation To attain a brief knowledge of monetary policy history
What is the nature of demand/the demand curve? What variables impact demand? How does the reaction of demand differ depending on the variables? Types of Goods and Demand Whole lesson: Theory, activities and assessment.
To understand the role of economic agents in allocating scarce resources Revise and consolidate your understanding of agents and resources To understand the roll of PPF diagrams in analysing cost and resource allocation Whole Lesson: theory and many activities
1.2 The nature and purpose of economic activity, eco resources, scarcity, allocation and economic pr
1) The nature and purpose of economic activity 2) What are Economic resources and scarcity? 3) To understand and apply the economic problem Whole lesson: theories and activities worksheet for starter available separately.
1) To understand and apply economies and diseconomies of scale 2) To apply, represent and interpret long run costs diagrammatically 3) To understand and calculate revenue
To understand the Bank of England’s Objectives and policy instruments To analyse and evaluate how the Bank of England’s policy instruments influence Macro economic Theory, activities and assessment
To understand the nature of exchange rates To apply reciprocal movements To understand what causes currencies to change in value (floating exchange rate) To link (An) and evaluate the cause and consequences of changes in value.
Diagram study notes on merit- demerit- pos and neg ext in consumption with gov interventions - AS-Yr
Diagrams revision notes: Merit, Demerit, Pos & Neg ext in consumption Government Intervention applied to Merit, demerit, Pos & Neg ext in consumption.
Learning Objectives: To understand the factors that give rise to the monopoly position and its power To apply those factors to real market examples To analyse the consequences of monopoly power
Learning Objectives: 1) To review the key terminology: Production, productivity, Specialisation, Division of Labour and Exchange. 2) To calculate costs and represent diagrammatically 3) To understand the nature of costs over output
Understand what makes a competitive market? What objectives might a firm have? Calculate the nature of revenue in a perfect/competitive market Be able to explain why a market might behave in this way