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

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

1) What is a monopoly and what are the assumptions? 2) What are the sources of monopoly power? 3) The case for intervention Whole lesson: Theory and activities.

To understand, calculate and apply TOT

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

I have written a full mock exam paper for the New AQA specification - take a look! Macro Paper 2