€¦ · web viewthrough studying economics you will learn about and become aware of how these...

Student Name: ______________________________________________________

Tutor Group: _____________________

Class: _____________________

Teacher: ______________________________________________________

A LEVELEconomics

EXAM BOARD: Edexcel

Welcome Page

The social science of economics has gained increasing prominence since the credit crunch of 2008 with resources, such as money and housing, in critical shortage and seemingly inadequate for a population with unlimited needs and wants. Globalisation and international organizational growth have meant that the buying and selling of one product affects hundreds of people in many economies. Through studying Economics you will learn about and become aware of how these economic events may influence your lives.

A Level Economics has never been more popular as a course choice and the increasing presence of economics in the national media and consciousness makes this an ideal time to study the subject. Economics is a very popular A-Level choice which is highly respected by all universities because it gives you the knowledge and skills necessary for higher education and which are also useful in any career

Year 12 and 13 curriculum; Specification is Edexcel Economics A which lasts two years and all examinations are linear which take place in the 2nd year of study.

Microeconomics Themes; Theme 1: Introduction to markets and market failure; An introduction to economic principles and how they influence the markets for goods and services. Students will study how some markets can fail societies and what the government can do to reduce such problems.

Theme 3: Business Behaviour and the Labour Market; Students study market structures and how the influence business objectives, growth, profitability and the regulatory environment.

Macroeconomics Themes; Theme 2: The UK economy – performance and policies; This unit is based on identifying UK macroeconomic objectives and how economic performance can be measured. Students will study the policies the government uses to meet its objectives and their impact upon living standards.

Theme 4: A global perspective; Students study why some countries are rich and why others are poor. The theme explores how globalisation and the financial sector influence macroeconomic policy making.

The A Level will be assessed on 3 x 2 hour exams at the end of year 13. Each exam consists of a mixture of multiple choices, data response and extended open response questions.

Exams

Paper 1: Markets and business behavior (Themes 1 and 3) 35% Paper 2: The national and global economy (Themes 2 and 4) 35% Paper 3: Microeconomics and macroeconomics(All themes) 30%

When

All economics exams will take place in June of year 13

Department overview:

CTL: Ms. ReevesLead Teacher: Ms MartinA level teachers: Ms Lais, Mr Taunque, Ms MartinExpected trips and visits: Bank of England, Revision Trip

Assessments Homework

Week 1

Welcome to Economics!

Macroeconomic Objectives

Possible conflicts and trade- offs between objectives

Topic based questions

Week 2

Economic Growth

How do we measure Economic Growth

Comparisons of Economic Growth

Topic based questions Research homework – look at the ONS report and the IMF report for global growth rates.

Week 3

Measures of Development

Advantages and Disadvantages of Measures of

DevelopmentTopic based questions

Students to look at countries that have high HDI index but low GDP.

Week 4

Inflation

Understanding of Inflation

Calculating Inflation

Essay Skills

Topic based questions 25 Mark Essay – Venezuela Case Study

Week 5

Causes of Inflation

Effect of Inflation on economic stakeholders


Research Homework – Look at different levels of inflation in

6 different economies.


Week 6

Measures and Significance of Unemployment

Significance of changes in employment

Topic based questions Revision for half term assessment

Week 7

Causes and Effects of Unemployment

Impact of different causes of unemployment of economic

stakeholders

End of half term assessmentRead and annotate wider

reading booklet, chapter 2-complete worksheet

Week 8 Revision and Exam Skills Topic based questionsRe-write the essay from the half term assessment based

on feedback.

Week 9

National Income

Circular flow of income

Income and Wealth

Topic based questions Case Study

Week 10

Components of the Balance of Payments

Relationships between different economies through

trade


25 mark essay;

Evaluate the statement that ‘Reducing the UK’s current account deficit is the most important government objective’


Week 11

Causes of deficits and surpluses in the Balance of

Payments

Measures to reduce a trade imbalance


Week 12

Exchange Rate Systems

Government intervention into exchange rate systems


Discuss the likely costs and benefits of the U.K having a fixed exchange rate with the Euro. (15 marks)

Week 13

Impact of changes in Exchange Rates

Marshall-Learner condition

FDI


Week 14 Exam Skills for Paper 2 Topic based questions Complete practice questions given in class

Week 15 End of Term Assessment

Week 16Test review and reattempt, why is feedback important?

Topic based questionsRe-write the 12 mark from the

half term assessment based on feedback.


Week 17

Aggregate Demand and Consumption

Movements along and shifts in aggregate demand

Calculation of MPC

Topic based questions Research factors influencing the Aggregate Demand Curve

Week 18

Investments as a component of AD

Gross and Net investment

Keynes economics


25 mark essay;

Evaluate the economic impact of an increase in investment in the U.K

Week 19

Government Expenditure as a component of AD

Net Trade (X-M)

Trade cycle


Week 20

The Significance of AD components.

Comparisons of different economies

End of half term assessment Flipped Learning: Aggregate Supply

Week 21

Assessment Review

Characteristics of Aggregate Supply

Topic based questionsStudents to rewrite data response answers based on individual feedback

Week 22

Sort Run Aggregate Supply

Long Run Aggregate SupplyTopic based questions

Write an explanation for each factor in the style of a 5 mark

question.


Week 23

Demand Side Policies

Monetary Policy

Fiscal Policy

Topic based questions Flipped Learning – Supply Side Policies

Week 24

Demand Side Policies

The role of the Bank of England

The role of the government


Research; Students to look at changes in interest rates in 3

different economies in the last 2 years and analyse the reasons why these changes

were made

Week 25

Supply Side Policies

Interventionist

Market-based


Week 26Supply and Demand Side

policies; When and Where? End of Half term Assessment

Student to find 2 articles showing a supply side policy that shifts our PPF curve out

and bring to class

Week 27

Macroeconomic policies in a global context

Responding to global shocks



Week 28

Macroeconomic policies in a global context

Reducing fiscal debt

Direct controls in other economies


Week 29

Causes of Growth

Actual Growth

Potential Growth

Topic based questionsFlipped learning – factors influencing growth and

development

Week 30

Factors influencing growth and development

Impact of factors in different economies

Topic based questions 25 mark essay:Evaluate the factors that have

limited growth in Argentina

Week 31

Factors influencing Growth and Development

Infrastructure

Debt

Topic based questions Revision

Week 32 Exam Skills Week! End of Half Term Assessment


Week 33

Strategies influencing growth and development

Market orientated strategies

Interventionist strategies


Assess the benefits of Kenya using fair trade schemes to increase growth. (10)

Week 34

Strategies influencing growth and development

governments and NGO’s


Evaluate the costs and benefits of China’s industrialisation (15)

Week 35

Impact of Economic Growth

Lewis Model

Harrold-Domar model

World Bank

Topic based questionsFlipped learning – Positive and Negative output gap

Week 36

Output Gaps

Actual Growth

Positive output gap

Negative output gap

Topic based questionsExamine two impacts of a

positive output gap in the UK. (8)

Week 37

The Multiplier

Ratio

Effects of multiplier

MPC, MPS, MPT, MPM calculations

Topic based questions Case study


Week 38 Exam Skills End of Year Assessment

Week 39Prepping for summer and

Year 13, expectations of workTopic based questions

12mark question on the Olympics effect on the

Multiplier

List of suggested wider reading sources/videos and websites:

50 Economics Ideas: You Really Need to Know – Edmund Conway

Capitalism and Freedom by Milton Friedman

GDP: A Brief but Affectionate History, Diane Coyle

The idea of Justice, Amartya Sen

Chavs: The Demonization of the Working Class

Owen Jones, 2012

Leftover Women: The Resurgence of Gender Inequality in China by Leta Hong Fincher

Microfinance and Its Discontents: Debt in Bangladesh by Lamia Karim

The Two Forms of Production Under Capitalism by Mary Inman

Blogs & WebsitesUndercover economist – Tim Harford v good on statistics

Marginal Revoultion , Greg Mankiw, Economists do it with models – all American

LSE have podcasts of their public events

University Rankings for 2018

1) Cambridge 7) Nottingham2) Oxford 8) Durham3) Warwick 9) Bath4) University College London 10) Bristol5) St. Andrews6) London School of Economics

https://www.thecompleteuniversityguide.co.uk/league-tables/rankings?s=Economics

Careers:

Most common career links include…

Actuarial analyst Chartered accountant Chartered certified accountant Data analyst Economist Financial risk analyst Forensic accountant Investment analyst Statistician Stockbroker Management consultant Quantity surveyor

https://www.thecompleteuniversityguide.co.uk/league-tables/rankings?s=Economics

€¦ · web viewthrough studying economics you will learn about and become aware of how these...

Documents