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.
Calculate, Reverse Calculate and Interpret. With additional activities Weighting and Inflation. Includes: Theory and many differentiated activities (individual, paired and group)
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 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
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
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
AS/Yr1 Economics Lesson 1: To understand and apply the stock and flow of an economy Develop your understanding of the two and three sector model. Apply, analyse and evaluate the sector model Lesson 2: To understand and apply the four sector economic model Analyse the consequences of changes in the flow and evaluate the sector model To Revise the model Activities, theory, video, assessments and worksheets.
Review types of goods and demand What is Supply? What’s the relationship between supply and price? What is the relationship between supply and other variables Whole lesson: Theory, activities, MCQ questions, assessment and exam technique.
Learning Objectives: 1) To understand the key terminology: Production, Productivity, Specialisation and Division of Labour. 2) To apply those terms to a practical example 3) Assess how production and productivity can be increased
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
Introduction to Economics, including Macro and Micro with supporting resources. (whole lesson) A taster/introductory lesson, that combines discussion activities, an article activity and a game based activity. These explain the nature of economics, introductory economic concepts such as needs & wants, scarcity, opportunity cost etc. It also gives a brief taste of Microeconomics and Macroeconomics. Supporting notes are included in the ppt.
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