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
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
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
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.
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 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
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.
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
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.
To understand and apply how and why firms grow
To identify the reasons for and against growth
To assess the impact of technology
Whole lesson: Mostly theory and some activities.
Notes for last slide provided under the slide.
Economics Monetary Policy - 3 lessons - A2/Yr2
Theory, activities, videos and assessment.
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
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
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