sample scheme of work for economics

Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]

LEAVING CERTIFICATE

ECONOMICS

SUGGESTED

LONG TERM PLAN/SCHEME OF WORK

USING THIS RESOURCE


Please use this resource at your own professional discretion.

The resources in blue are on the DVD-ROM that was distributed at the national conference in 2014 and all resources will be uploaded to the PDST Economics website in due course.

Please adapt this resource to meet the needs of your own school context by adding or deleting resources/methods as required.

There are suggested literacy & numeracy strategies that you may need to adapt to suit your own school Improvement Plan.

Suggested DVD’s & documentaries

The Ascent of Money The Love of Money Addicted to Money The Shock Doctrine Capitalism a Love Story The Corporation Animal Farm Civilization: The West & the Rest

CONTEXTS OF LEARNING TEMPLATES & INSTRUCTIONS

1 Introduction to Economics 8 (c) Capital 13 (a) Government & the Economy

Hyperlink instructions

2 Economic Systems 9 Elasticity 13 (b)

Taxation Suggested resources overview

3 Consumer & utility 10 Costs 13 (c) National Budget KWHL

4 Demand 11 (a) Perfect Competition

14 Money & Banking Think Pair Share

5 Supply 11 (b) Monopoly 15 Inflation & the CPI Anticipation Exercise

6 Market Mechanism 11 (c) Oligopoly 16 International Trade Bloom’s Taxonomy

7 Factor Markets 11 (d) Imperfect Competition

17 Economic Growth & Development

Cube Creator

8 (a) Land 12 National Income

18 Economics of Population

Visual Verbal Square

8 (b) Labour 19 Review of the History of Economic Thought

Wordle/Tagxedo

8 (d) Enterprise


or

Suggested resources/activities & methods are constantly reviewed & updatedSLSS Graphic Organiser Booklet will be used throughout the course as a form of AfL along with, oral/written recap of previous lesson, use of lower, higher and open questions with built in wait time, observation of pair and share, tests using multiple choice, matching terms with pictures or explanations, calculations, and open questions, portfolio/project work to include research on internet, newspapers, preparing graphic organizers, flash cards & table quiz designed by students. Other AfL resources are available on the NCCA website.

A variety of appropriate methodologies will be used during each lesson including lecture, one to one, individual work, guided discovery, pair work, group work (3 to 4), jigsaw, placemat, my little book, student teaching & students creating on-line resources.

Comprehension strategies will include – KWHL, anticipation guides, visual verbal squares, skimming & scanning. Click here for further info.

Oral language will be developed through the use of think, pair & share, group work, oral presentations & debates.

Writing – high expectations will be set, use of editing checklist for spelling, punctuation & grammar, writing frames used for practicing exam questions.

Numeracy strategies will be integrated into lessons where appropriate eg. common use of calculators, key vocabulary, estimate/calculate/check, problem solving strategies (Fact Explain, Example Diagram (FEED) etc. , think/pair/share). Show me boards will be used to practice drawing diagrams. Interpretation of real life data.

LINKS TO CURRICULUM BASED RESOURCES Links to up-to-date statistics

LINKS TO WEB 2.0 TOOLS FOR CREATING RESOURCES

pdsteconomicsScoilnet.ieExaminations.ieStudyclix .com e- xamit .ie Economics help(a to z glossary, notes etc.)Economics basics

http://www.independent.ie/60 second adventures in economicsKhan AcademyShare my lessonhttp://www.tutor2u.netVideo tutorialsEconomist free app

www.ntma.iewww.cso.iewww.financegov.iewww.imf.iewww.wto.iewww.un.org

animoto.com (video)Download Photostory (video)Download Audacity(sound recording)

Wordle.net (word cloud) Tagxedo.com (word cloud)Studystack.com(flashcards & games)Quizlet.com(flashcards, vocab)TripticoFreerice.com


http://freerice.com/

http://quizlet.com/

http://www.studystack.com/

http://www.tagxedo.com/

http://www.wordle.net/

http://audacity.sourceforge.net/download/

http://microsoft-photo-story.en.softonic.com/

http://microsoft-photo-story.en.softonic.com/

http://animoto.com/intro/animoto/14?gclid=CMClkNKRmawCFUtB4Qodtm0BxA

http://www.un.org/

http://www.wto.ie/

http://www.imf.ie/

http://www.ntma.ie/

http://www.youtube.com/user/ACDCLeadership?v=IW6W52sLT7U&feature=pyv&ad=8833800596&kw=economics

http://www.tutor2u.net/

http://www.sharemylesson.com/

https://www.khanacademy.org/?utm_source=Sailthru&utm_medium=email&utm_term=Fourth%20Send%20-%20Friday&utm_campaign=Learning%20Flow%20Launch%20Users%20Phase%2014

http://www.youtube.com/results?search_query=60+second+adventures+in+economics&oq=60+second+adventures+in+economics&gs_l=youtube.3...657.7041.0.7293.33.22.0.0.0.0.332.1027.0j2j0j2.4.0...0.0...1ac.1.11.youtube.a-ZJKrOFrEY

http://www.independent.ie/

http://www.investopedia.com/university/economics/

http://www.economicshelp.org/economics-a-z/

http://www.e-xamit.ie/

http://www.e-xamit.ie/

https://www.studyclix.ie/

http://www.examinations.ie/

http://www.scoilnet.ie/TeachersSecondLevel.aspx

http://www.pdst.ie/node/77

http://cooltoolsforschools.wikispaces.com/Home



http://www.ncca.ie/en/Curriculum_and_Assessment/Post-Primary_Education/Junior_Cycle/Assessment_for_Learning_AfL_/

http://businessstudies.slss.ie/resources/c/2870/GraphicOrganiserFinal.pdf

KWHL - EXPLAINEDPre-reading comprehension & Assessment for Learning (AfL) strategy

K W H L

What do I know about this topic?

What do I want to know about this topic?

How do I find out more about this topic?

What have I learned about this topic?

EXAMPLE: ECONOMIC SYSTEMSIs the way decisions are made in a country about:

What goods are to be produced?

How are these to be produced?

Who is to benefit from the production?

How many types of economic systems are there?

What are they called?

Which one is Ireland?

Reference

Book pages or handout numbers & dates

website urls

You Tube clips

There are three economic systems.

They are:

1. Free market/enterprise

2. Mixed economy

3. Centrally planned.

Ireland is a mixed economy

KWHL charts assist teachers in activating students' prior knowledge of a subject or topic and encourage inquisition, active reading, and research. They may also serve as an assessment of what students have learned during a unit of study. The K stands for what students know, the W stands for what students want to learn, the H stand for how they student will find out and the L stands for what the students

learn as they read or research.

KWL creator is available @ tinyurl.com/kwlcreatorThanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]

http://www.teachervision.fen.com/skill-builder/reading-comprehension/48540.html

KWHL

KWL creator is available @ tinyurl.com/kwlcreator

Pre-reading comprehension & Assessment for Learning (AfL) strategy

K W H L

What do I know about this topic?

What do I want to know about this topic?

How do I find out more about this topic?

What have I learned about this topic?


THINK-PAIR-SHAREThink about the question on your own and write down your thoughts

Share your thoughts with your partner

Listen to your partner’s ideas

Combine your ideas

QUESTION MY THOUGHTS/IDEAS MY PARTNERS THOUGHTS/IDEAS

COMBINED IDEAS


BLOOMS TAXONOMY OF CRITICAL THINKING

A B C1 2 3 4 5 6

Knowledge/Remembering Comprehension/Understanding

Application Analysis Synthesis/Creating Evaluation

CountChooseDefineDescribeDrawIdentifyLabelMatchNameOutlineQuoteReadRecallReciteRecognizeRecordSelectStateWrite5 Ws – who, what, where, why, when

AssociateClassifyContrastCompareComputeConvertDefendDemonstrateDiscussDistinguishEstimateExplain, ExtendExtrapolateGeneralizeGive examplesInferInterpretOutlineParaphrase, PredictRewrite, RephraseSummarise

AddApplyBuildCalculateChangeClassifyConstructComplete DemonstrateDivideExamineGraphManipulateModifyOrganisePrepareProducePresentShowSolveUse

AnalyseArrange Breakdown CombineDesignDetectDevelopDiagram Differentiate DiscriminateDissectExamineIllustrateInferInvestigateObserveOutlinePoint outRelate, RelationshipSelectSeparate , SubdivideUtilize

Categorize CombineCompileComposeCreateDesignDeviseGenerateInventImagineModifyOrderOrganizePlanRearrange Reconstruct ReorganizeReviseSummarize TransformSpecify

AppraiseAssessCompareConcludeContrastCriticize , CritiqueDebateDeduceDetermineDisproveEvaluateGradeInterpretJudge , JustifyMeasureOpinionProveRank, RateRecommendSupportTest



WORD CLOUDS - TAGXEDO.COM and WORDLE.NET

LEAVING CERTIFICATE ECONOMICS

MICRO TOPIC 1: INTRODUCTION TO ECONOMICS WEEK:Differentiated

Expected Learning Outcomes

The students will be able to do the following:

Syllabus

General LiteracyComprehension, writing, oral language

strategiesNumeracy

Language, estimation, problem solving strategies

Revision&

AoL

Demonstrate an understanding of the scope, purpose and limitations of economics as a science

Demonstrate an understanding economic concepts such as wealth, income, welfare, scarcity, choice, wants, needs, opportunity cost and factors of production

Explain how economists draw up theories using Inductive and Deductive methods

Identify the differences between factor, intermediate and final markets

Book pageWorkbook pageWorksheet no>

Economic goods docWhat is wealth doc

PowerpointsIntroduction to economicsThe economic problem

KWHLKWL creator

pdsteconomics studystack (on-line games)

Q & A using Bloom’s prompts

Think-pair-share

My Little Book

Revision resourcesExam outcome verbs

Class tests

Collated SEC exams & schemes

STUDYCLIX HL

STUDYCLIX OL


http://www.studystack.com/SearchResults.jsp

http://www.readwritethink.org/files/resources/interactives/kwl_creator/


and give examples Differentiate between

microeconomics and macroeconomics

Why you study economics video Tony Buzan on mindmaps


MICRO TOPIC 2: ECONOMIC SYSTEMS WEEK:Differentiated



Syllabus

AfL & skills can be fostered through differentiated content, activities & methodologies


strategiesNumeracy


Revision&

AoL



http://sgcbusiness.com/mind-maps/

https://www.youtube.com/watch?v=XGhcJjIfwhY

https://www.youtube.com/watch?v=XGhcJjIfwhY

Differentiate between economic systems

Identify and explain the advantages and disadvantages of economic systems

Discuss Smith, Keynes, Marx’s contribution to economic thought WRT economic systems

Book pageWorkbook pageWorksheet noPrezi presentationPowerpoints

Economic systems – includes links to Animal Farm, The Shock Doctrine, interviews with Milton Friedman & much more

Game Student presentation

Invisible hand video

KWHLKWL creator

pdsteconomics studystackCloze test docMatching doc


Think-pair-share

Anticipation guide

Revision resources

Class tests


Exam questions template doc

STUDYCLIX HL

STUDYCLIX OL


MICRO TOPIC 3: THE CONSUMER & UTILITY (RATIONAL CHOICE THEORY)

WEEK:Differentiated



Syllabus


General LiteracyComprehension,

writing, oral language

NumeracyLanguage,

estimation,

Revision&

AoL





http://www.youtube.com/watch?v=9fE3PycXwnM

http://prezi.com/nkmdrgp1vdtl/5th-grade-economics-3-of-4/

strategies problem solving strategies

Define economic goods Explain the characteristics of economic

good Explain and evaluate the assumptions

underlying consumer behaviour Explain and illustrate the concept of

utility Explain the concept of marginal utility Define and illustrate the law of

diminishing marginal utility Explain and evaluate the assumptions

underlying the law of diminishing marginal utility define and illustrate the principal of equi-marginal utility

Calculate the marginal utility

Discuss Alfred Marshall’s contribution to economic thought WRT consumer & utility

Book pageWorkbook pageWorksheet no

Economic goods doc

PowerpointsThe consumer & utility

DM utility clip

Consumer equilibrium clip

LDMR video clip

60 sec adventures in ec rational choice theory clip

KWHLKWL creator

pdsteconomics studystack


Think-pair-share

Anticipation guide

Calculate the marginal utility

Revision resources

Class tests


Short questions doc

STUDYCLIX HL

STUDYCLIX OL


MICRO TOPIC 4 : CONSUMER DEMAND (APPLICATION 1 OF RCT)

WEEK:Differentiated

Expected Learning OutcomesThe students will be able to do the

following:Syllabus


General LiteracyComprehension, writing, oral

language strategies

NumeracyLanguage,

estimation, problem solving

strategies

Revision&

AoL

Distinguish between individual demand and market/aggregate demand

List and explain the determinants and influences of demand

Explain a demand schedule and illustrate by means of a demand curve

Demonstrate a change in any of the determinants of demand and interpret the outcomes using diagrams

Discuss Alfred Marshall’s contribution to economic thought WRT consumer demand


PowerpointsDemandStudent presentation

Movement & shifts video

Resources on scoilnet

Video how supply and demand affect the price of silver

video on supply and demand of water, oil, jeans

KWHLKWL creator



Think-pair-share

Anticipation guide

Drawing diagramsLabeling diagramsInterpreting diagrams

Show-me board to practice drawing diagrams & AfL

Interactive demand curve

Worksheet

Revision resources

Class tests


Exam questions template docSTUDYCLIX HL

STUDYCLIX OL

Demand recap video

http://www.youtube.com/watch?feature=player_embedded&v=uXlZIn6W7Ew

http://www.youtube.com/watch?feature=player_embedded&v=uXlZIn6W7Ew

http://www.bized.co.uk/learn/economics/markets/mechanism/demand/worksheet.htm

http://www.bized.co.uk/learn/economics/markets/mechanism/interactive/part1.htm

http://www.bized.co.uk/learn/economics/markets/mechanism/interactive/part1.htm



http://www.learner.org/series/econusa/unit03/



http://www.youtube.com/watch?v=M3uNsEfgZXY%20-%20http://www.youtube.com/watch?v=2auBA7xaUCk




http://www.youtube.com/watch?v=0yWsOZgsTSY

http://www.youtube.com/watch?v=0yWsOZgsTSY




MICRO TOPIC 5: PRODUCER SUPPLY (APPLICATION 2 OF RCT) WEEK:Differentiated



Syllabus



writing, oral language strategies

NumeracyLanguage,


strategies

Revision&

AoL

Distinguish between individual supply and market/aggregate supply

List and explain the determinants and influences of supply

Explain the supply schedule and illustrate by means of a supply curve

Demonstrate a change in any of the determinants of supply and interpret the outcome using diagrams


PowerpointsSupplyStudent presentation

Supply videoSupply video 2Movements & shifts in supply curves (scoilnet)

KWHLKWL creator



Think-pair-share



Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL





http://test.scoilnet.ie/Res/charlieotoole010899125724_2.htm

http://test.scoilnet.ie/Res/charlieotoole010899125724_2.htm

http://www.youtube.com/watch?v=KccMcf_xOQU&list=PL336C870BEAD3B58B&index=14

http://www.youtube.com/watch?v=KccMcf_xOQU&feature=player_embedded


Explain Say’s Law


MICRO TOPIC 6: THE MARKET MECHANISM (APPLICATION 3 OF RCT) WEEK:Differentiated



Syllabus




NumeracyLanguage,


strategies

Revision&

AoL

Explain and illustrate, by means of a diagram, equilibrium price and equilibrium quantity

Apply the tools of demand and supply analysis to price and quantity changes in markets

Discuss Alfred Marshall’s contribution to economic thought WRT the market mechanism


Powerpoints

Business 2,000 quiz

Quiz on supply & demand

KWHLKWL creator





Revision resources

Class tests


STUDYCLIX HL





http://www.econweb.com/MacroWelcome/sandd/quiz/index.html


Think-pair-share STUDYCLIX OL


MICRO TOPIC 7: THE FACTOR MARKETS (APPLICATION 4 OF RCT)

WEEK:Differentiated



Syllabus




NumeracyLanguage,


strategies

Revision&

AoL



Define each of the factors of production Illustrate and explain the concept of

derived demand Demonstrate an understanding of the

concepts of marginal revenue productivity (MRP) and marginal physical productivity (MPP)

Examine the factors that affect MRP and MPP

Demonstrate an understanding of that the demand curve for a factor of production is its MRP curve

Apply MRP theory to both perfect competition and monopoly/imperfect competition

Illustrate the concepts of supply price, economic rent, quasi economic rent and transfer prices


Powerpoints

FOP matching exercise

KWHLKWL creator



Think-pair-share

Visual verbal square

Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL


MICRO TOPIC 8 (a): FACTORS OF PRODUCTION – LAND WEEK:

DifferentiatedExpected Learning Outcomes







SyllabusGeneral Literacy

Comprehension, writing, oral language

strategies

NumeracyLanguage,


strategies

Revision&

AoL

Define land as a factor of production Give examples of land and state how they

contribute to the production of wealth Explain the economic characteristics of land Explain why land is a unique factor of

production Explain why the demand for land is a

derived demand Illustrate and explain the concept of

economic rent Explain the factors that influence the price

paid for land Describe the factors that determine the

location of a factory Explain the factors leading to the price of

property increasing/decreasing in IrelandDiscuss RICARDO’S contribution to economic

thought


PowerpointsLand

Sliderocket (NK)Land

Sliderocket (NK)Irelands property crash

Scoilnet Quiz

KWHLKWL creator



Think-pair-share



Revision resources

Class tests



STUDYCLIX HL

STUDYCLIX OL





http://quiz.scoilnet.ie/Quiz.aspx?qid=1936

http://portal.sliderocket.com/CJHQO/Ireland-s-property-crash



http://portal.sliderocket.com/CJHQO/Land-Chapter-14

http://portal.sliderocket.com/CJHQO/Land-Chapter-14



MICRO TOPIC 8 (b): FACTORS OF PRODUCTION – LABOUR WEEK:



Syllabus



language strategies

NumeracyLanguage,


strategies

Revision&

AoL

Define labour Illustrate and explain the concept of derived

demand Demonstrate an understanding of MRP and MPP as

they relate to labour Examine the factors that affect the demand for

labour by an individual firm Illustrate by means of a diagram the relationship

between the wage rate and quantity demanded of labour

Illustrate by means of a diagram the relationship between the wage rate and the quantity supplied of labour

Examine the factors affecting the mobility of labour Define geographical mobility and occupational

mobility of labour Illustrate and interpret the backward bending

supply curve of labour Illustrate and explain equilibrium wage level Examine the reasons for differences in wage rates Examine what factors make labour efficient.DISTINGUISH BETWEEN Smith & Marx labour theory of

vaue


PowerpointsLabourStudent presentation

KWHLKWL creator



Think-pair-share



Revision resources

Class tests



STUDYCLIX HL

STUDYCLIX OL






MICRO: TOPIC 8 (c): FACTORS OF PRODUCTION – CAPITAL WEEK:Differentiated



Syllabus




NumeracyLanguage,


strategies

Revision&

AoL

Define capital and explain why interest is the return

Examine why capital is needed in an economy

Explain the different types of capital Illustrate an understanding of marginal

efficiency of capital Explain the factors that influence

marginal efficiency of capital Compare capital widening and capital

deepening Define savings and stage those who save

in society Explain the factors that influence the

level of savings Evaluate why savings are important


PowerpointsCapital

KWHLKWL creator



Think-pair-share

Revision resources

Class tests



STUDYCLIX HL

STUDYCLIX OL

mindmap


http://sgcbusiness.files.wordpress.com/2009/12/capital.pdf





Define investment State the factors that influence the level

of investment in an economy Examine why investment is important in

an economy Explain the loanable funds theory of

interest rates Explain the Keynesian theory of interest

rates

Discuss Keynes & Marx’s contribution to economic thought WRT capital



MICRO TOPIC 8 (d): FACTORS OF PRODUCTION – ENTERPRISE WEEK:Differentiated



Syllabus




NumeracyLanguage,


strategies

Revision&

AoL

Explain profit, supernormal profit, enterprise and entrepreneur

Identify different risk-takers in the economy

Explain why enterprise is a unique factor of production

Demonstrate an understanding of the role of profit in an economy

Examine the role that entrepreneurs play in an economy

Identify the risks taken by businesses Apply the concept of economic rent to

enterprise


PowerpointsEnterprise & economic Rent

KWHLKWL creator



Think-pair-share

Calculating economic rent & transfer earnings

Revision resources

Class tests



STUDYCLIX HL

STUDYCLIX OL







MICRO TOPIC 9: ELASTICITY WEEK:Differentiated



Syllabus




NumeracyLanguage,


strategies

Revision&

AoL

Explain the concept of elasticity Explain price elasticity of demand (PED) Calculate PED from given data using the

supplied formula and interpret values for PED

Demonstrate an understanding of the usefulness of a knowledge of PED to the consumer, producer and government

Explain the factors that determine the PED of a good

Apply a knowledge of price elasticity to determine the effect of a change in price on a firm’s revenue and profits

Explain cross elasticity of demand (CED)


PowerpointsElasticity of demandElasticity of supplyStudent presentationsWWTBAM on elasticity

Resources on scoilnet

Quiz on PED

KWHLKWL creator



Think-pair-share


CalculatingPEDYEDCED

Show-me board to practice drawing diagrams

Revision resources

Class tests


Exam questions template & answers doc

STUDYCLIX HL

STUDYCLIX OL





http://www.tutor2u.net/business/quiz/priceelasticity/quiz.html



Calculate CED from given data using the supplied formula and interpret values for CED (substitute goods and complementary goods)

Demonstrate an understanding of the significance of a knowledge of CED to a firm

Explain income elasticity of demand (YED)

Calculate YED from given data using the supplied formula and interpret values for YED (normal goods and inferior goods)

Apply a knowledge of income elasticity to determine the effect of a change in income on a firm’s sales

Explain price elasticity of supply (PES) Calculate PES from given data using the

supplied formula and interpret values for PES

Explain the factors that affect the PES of a good

Discuss Alfred Marshall’s contribution to economic thought WRT elasticity

Elasticity of demand video

& AfL


http://www.youtube.com/watch?v=4oj_lnj6pXA&feature=player_embedded

http://www.youtube.com/watch?v=4oj_lnj6pXA&feature=player_embedded


MICRO: TOPIC 10: COSTS WEEK:



Syllabus



language strategies

Revision&

AoL



Explain the short run period Explain the long run period Define implicit, explicit and opportunity cost Define, apply and interpret the law of diminishing returns Explain, calculate and illustrate average fixed cost, average

variable cost and average total cost Explain, calculate and illustrate total, average and marginal

revenue and marginal cost Define and illustrate total profit and normal profit Derive and illustrate the SRAC (or SAC) and account for its

shape Define and identify the point of optimum production Derive and illustrate the LRAC and account for its shape Analyse the reasons why businesses grow (economies of

scale) and the constraints on growth (diseconomies of scale)

Examine the economic reasons for the survival of small firms in the Irish economy

Explain social costs and benefits Analyse the short and long run profit-maximising conditions

of a firm


PowerpointsCostsCosts of production (student presentation)

KWHLKWL creator



Think-pair-share

NumeracyDrawing diagramsLabeling diagramsInterpreting diagramsCalculating FC, VC, AC, MC,Diminishing Marginal Returns,TR, AR, MR

Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL

MICRO TOPIC 11 (a): MARKET STRUCTURES - PERFECT COMPETITION WEEK:




General Literacy Numeracy Revision




Syllabus Comprehension, writing, oral language strategies

Language, estimation,

problem solving strategies

&AoL

Explain, with examples, the theory of perfect competition

Describe and assess the assumptions underlying perfect competition

Illustrate, explain and interpret a firm’s demand curve

Describe the equilibrium for a perfectly competitive firm in the short run

Define and illustrate supernormal profits Discuss why new firms enter the industry Critically analyse the effects on equilibrium of

new entrants Describe, with the aid of a diagram, the

equilibrium for a perfectly competitive firm in the long run

Derive the supply curve for a perfectly competitive firm

Analyse perfect competition as a market from the point of view of consumers, producers and the use of scarce resources and as a model in understanding market structures


Competition made simple doc

PowerpointsDrawing diagramsPerfect competitionStudent presentation

KWHLKWL creator

Studystack


Think-pair-share



Revision resources

Class tests

Collated SEC

exams & schemes

Exam question template

doc

STUDYCLIX HL

STUDYCLIX OL






MICRO TOPIC 11 (b): MARKET STRUCTURES – MONOPOLY WEEK:Differentiated



Syllabus


General LiteracyComprehension, writing,

oral language strategies

NumeracyLanguage,


strategies

Revision&

AoL

Explain, with examples, the theory of monopoly Describe and assess the assumptions underlying

monopoly Illustrate and explain the firm’s demand curve under

monopoly Describe, with the aid of a diagram, the equilibrium

for a monopolist Define and illustrate supernormal profits Explain and illustrate profit-maximising output/price Critically analyse monopoly as a market form from

the point of view of consumers, producers and the use of scarce resources

Suggest ways as to how state monopolies could be made more effective

Compare and contrast the long run equilibrium position of perfect competition, monopoly and imperfect competition

Discuss the conditions necessary for price

Book pageWorkbook pageWorksheet noPowerpointsMonoployPrice discrimination

Youtube 7:01 - Barriers

Monopoly video

Price discrimination clip

Price discrimination graphic organiser

Price discrimination summary

KWHLKWL creator



Think-pair-share



Revision resources

Class tests


Exam question template &

solutions doc

STUDYCLIX HL

STUDYCLIX OL





http://www.youtube.com/watch?feature=player_detailpage&v=7UWgKZsKZOc

http://www.youtube.com/watch?feature=player_embedded&v=7UWgKZsKZOc


discrimination. Distinguish between different types of price

discrimination


MICRO TOPIC 11 (c): MARKET STRUCTURES – OLIGOPOLY WEEK:



Syllabus




NumeracyLanguage,


strategies

Revision&

AoL

Explain, with examples, the theory of oligopoly

Describe the assumptions underlying oligopoly

Illustrate and explain the kinked demand curve

Describe the relationship between the demand and marginal revenue curves

Describe the long run equilibrium of an oligopolistic firm

Explain rigidity of prices


PowerpointsOligopoy

Oligopoly videoMicrosoft V Apple video

KWHLKWL creator



Think-pair-share



Revision resources

Class tests


Exam question template &

solutions doc





http://www.youtube.com/watch?feature=player_detailpage&v=0z5xM5eJHi8

http://www.youtube.com/watch?v=ElBF2D7IHAI&feature=player_detailpage


Explain the types of collusion that may occur in this market

Explain why firms may pursue goals other than profit maximisation

Explain price and non-price competition Describe price leadership

Imperfect v oligopoly video STUDYCLIX HL

STUDYCLIX OL


MICRO TOPIC 11 (d): MARKET STRUCTURES - IMPERFECT COMPETITION WEEK:



Syllabus




NumeracyLanguage,


strategies

Revision&

AoL



http://www.youtube.com/watch?v=ZFqmmzYVVJM&feature=player_detailpage


Explain, with examples, the theory of imperfect competition

Describe the assumptions underlying imperfect competition

Illustrate and explain the firm’s demand curves

Describe the equilibrium for an imperfectly competitive firm in the short run

Define and illustrate supernormal profits Discuss why new firms may enter the

industry Analyse the effects on equilibrium of new

entrants Describe, with the aid of a diagram, the

equilibrium for an imperfectly competitive firm in the long run

Illustrate and explain profit-maximising output/price

Analyse perfect competition as a market form from the point of view of consumers, producers and the use of scarce resources


PowerpointsImperfect competition

Monopolistic competition video

Scoilnet Quiz

Perfect V imperfect video

Imperfect v oligopoly video

KWHLKWL creator



Think-pair-share



Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL

Market structures grid for revision


MACRO TOPIC 12: NATIONAL INOME WEEK:









http://www.youtube.com/watch?v=Iv9L7SjsRHk&feature=player_detailpage

http://www.youtube.com/watch?v=Iv9L7SjsRHk&feature=player_detailpage

http://quiz.scoilnet.ie/Quiz.aspx?qid=1944

http://www.youtube.com/watch?feature=player_detailpage&v=T3F1Vt3IyNc

http://www.youtube.com/watch?feature=player_detailpage&v=T3F1Vt3IyNc



Comprehension, writing, oral language

strategies

NumeracyLanguage,


strategies

Revision&

AoL

Explain national income Define gross domestic product, gross

national product and net national product

Describe the relationship between gross domestic product and gross national product

Explain net factor income and identify its main constituents in the case of the Irish economy

Demonstrate an understanding of the usefulness and limitations of national income statistics

Identify and explain the main determinants of aggregate demand

Describe the main factors influencing each of these determinants

Examine the difficulties of raising aggregate demand in a small, open economy

Define, calculate and interpret MPC, MPT, MPS and MPM


PDST Powerpoints etc.

KWHLKWL creator

Studystack


Think-pair-share

Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL





Define the multiplier and explain the factors that influence it

Apply the multiplier formulae in an open and closed economy

Describe and illustrate the circular flow of income

Describe, with examples, injections and leakages to and from the circular flow of income

Evaluate changes in injections and leakages on the economy

Assess the impact of transfer payments on the circular flow of income

Critically analyse the impact of shocks to the circular flow of income

Calculate the change in national income given any injection and interpret the effects of such on the economy

Understand the impact of changes in injections/leakages on the multiplier and on the economy



MACRO TOPIC 13 (a): GOVERNMENT - ECONOMIC AIMS AND POLICIES WEEK:



Syllabus


General LiteracyComprehension, writing, oral language strategies

NumeracyLanguage, estimation,


Revision&

AoL

Evaluate the government’s economic aims and objectives

Comment on the significance of those aims and objectives

Discuss the methods/instruments used in achieving these aims and objectives

Evaluate the possible conflict in achieving them simultaneously in a national and international context

Discuss the economic benefits and consequences of nationalisation and privatisation



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Think-pair-sharePlacement


Class tests


STUDYCLIX HL

STUDYCLIX OL






MACRO TOPIC 13 (b): EMPLOYMENT WEEK:



Syllabus





Revision&

AoL

Define full employment Critically analyse the implications of

full employment for the economy Define unemployment and

differentiate between the various types of unemployment

Describe the methods of measuring unemployment and explain their limitations

Examine the main causes of and suggest strategies for reducing







Class tests


STUDYCLIX HL





unemployment in the Irish economy Discuss the impact of unemployment

on the Irish economy Define under-employment Analyse/outline the impact of foreign-

owned industry on the Irish economy Analyse the economic effects of job

sharing Critically analyse the impact of the

statutory minimum wage Examine the effect of the

black/shadow economy

STUDYCLIX OL



MACRO TOPIC 13 (c) : GOVERNMENT – TAX & NATIONAL BUDGET WEEK:



Syllabus





Revision&

AoL

Define fiscal policy Define and interpret deficit, surplus and balanced

current budget Identify the main sources of government current

revenue/expenditure Identify the size of government current

spending/revenue Describe and assess trends in and uses of government

spending Critically analyse how government spending influences

our daily lives Identify current government fiscal policy as announced




Studystack


Think-pair-share

Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL





in the most recent budget Examine and evaluate current government fiscal policy


MACRO TOPIC 13 (d) : NATIONAL DEBT WEEK:



Syllabus





Revision&

AoL

Identify and define exchequer borrowing requirement, public sector borrowing requirement, general government deficit and national debt

Examine and evaluate the reasons for state borrowing

Differentiate between external and internal national debt




Studystack



Class tests






List the functions of the NTMA Identify, interpret and assess the

changing debt/GDP ratio Understand and critically analyse the

impact of default


STUDYCLIX HL

STUDYCLIX OL


MACRO TOPIC 14: MONEY & BANKING WEEK:



Syllabus




NumeracyLanguage,


strategies

Revision&

AoL



Define money and legal tender Analyse the functions that money

performs and the properties required to fulfil this role successfully

Explain the main forms of money in use in a modern economy

Define monetary policy Describe examples of cashless

transactions Outline the role of national financial

institutions Outline the current role and functions

of the Central Bank Outline the current role and functions

of the European Central Bank (ECB) Evaluate the ECB’s policies/actions on

the Irish economy Critically analyse the suitability of

these policies/actions on the Irish economy

Differentiate between the nominal interest rate and the real interest rate

Outline the factors that influence the rate of interest and their economic effects

Demonstrate how financial institutions can create credit

Analyse the changes in the demand and supply of money


PDST Powerpoints etc.Art attack money clip

Biz/ed Economics

TES-Business Economicstutor2u/economics/monetary-polic

Sample Lesson Plans and handoutsW all Street Crash simulator

Notes in banking (sparknotes)

Notes on money (sparknotes)

Prime Time Investigation on Meet the Bankers Part 1

Meet the Bankers Part 2

Cartoon


Studystack


Think-pair-share

Central bank tables on money and banking

An introduction to interest, (will help generate a worksheet or offer a focus point); Interest for Saving

Active learning about interest: Simple Interest

Easy way to demonstrate issues concerning currency exchange: Currency Converter (would be useful to allow

Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL




http://3.bp.blogspot.com/-d-

http://www.youtube.com/watch?v=PSBto8yBZSQ

Critically analyse the implications of an excess supply of credit on the economy

Examine how a financial institution reconciles liquidity with profitability

Evaluate the need for regulation of the financial sector






MACRO TOPIC 15 : INFLATION & CPI WEEK:






Comprehension, writing, oral language strategies



Revision&

AoL

Define price inflation Calculate, from a given date, a weighted

price index Describe the construction of the

consumer price index Interpret and critically analyse changes in

the consumer price index Evaluate the usefulness and limitations

of the consumer price index Identify and explain the principal causes

of inflation in the Irish economy Describe the main policies available to

control inflation Describe the benefits of stable prices Describe what the HICP is and

understand the difference between it and the CPI

Define deflation Explain the Constant Tax Price Index




Studystack




Class tests


STUDYCLIX HL

STUDYCLIX OL






MACRO TOPIC 16 (a): INTERNATIONAL TRADE WEEK:



Syllabus





Revision&

AoL

Understand imports, exports, invisible and visible exports and imports

Explain the balance of trade Identify Ireland’s main exports,

imports and main trading partners Understand the importance of trade

to the Irish economy Examine the implications of Ireland

being a small open economy Analyse the effect of multinational

corporations on Ireland’s trade Understand and explain the

advantages of specialisation and



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Class tests


STUDYCLIX HL

STUDYCLIX OL





international trade Examine the ways in which a country

can enhance its competitveness Explain and illustrate the law of

comparative advantage Describe the sources of comparative

advantage for Ireland Critically analyse the limitations of the

law of comparative advantage Explain the terms of trade Calculate the terms of trade and

examine the benefits resulting from specialisation

Examine the impact on a country of changes in that country’s terms of trade

Describe the main barriers to trade Understand the role of trading blocs in

international trade



MACRO TOPIC 16 (b): THE GLOBAL ECONOMIC SYSTEM & The EU WEEK:



Syllabus





Revision&

AoL

Evaluate the importance of membership for Ireland to the European Union

Discuss the role and function of European Institutions

Discuss the policies of the EU that are relevant to Ireland as an EU member state

Outline the role and functions of the World Bank

Outline the role and functions of the International Monetary Fund







Class tests


STUDYCLIX HL

STUDYCLIX OL






MACRO TOPIC 16 (c): BALANCE OF PAYMENTS AND FOREIGN EXCHANGE WEEK:



Syllabus



strategiesNumeracy


Revision&

AoL

Define and identify the size of the balance of payments surplus (deficit)

Understand the basic composition of Ireland’s balance of payments account, including visible and invisible trade, the current account balance and capital flows

Understand multinationals’ impact on the balance of payments account

List and explain strategies that a government could undertake to reduce a balance of payments deficit or build a balance of payments surplus




Studystack




Class tests


STUDYCLIX HL

STUDYCLIX OL





State and explain the consequences for a balance of payments deficit and surplus

Define exchange rate Examine the history of exchange rates

and the EMU Understand how exchange rates are

determined Analyse the impact on the economy of

changes in the euro exchange rate Discuss the implications of fixed and

variable exchange rates



MACRO TOPIC 17 : ECONOMIC GROWTH & DEVELOPMENT WEEK:



Syllabus





Revision&

AoL

Describe the characteristics of least development countries (LDCs)

Examine the costs and benefits of economic development

Identify and evaluate current policies available for aiding development in developing countries

Define economic growth and economic development

Explain the meaning and significance of economic growth and economic development

Discuss the role of the UN Human



How the world works

KWHLKWL creator

Studystack

Studystack




Class tests


STUDYCLIX HL

STUDYCLIX OL




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Development Index (HDI)


MACRO TOPIC 18 : ECONOMICS OF POPULATION WEEK:Differentiated



Syllabus



language strategiesNumeracy


Revision&

AoL

Illustrate the size, composition and trends of national population

Illustrate the size, composition and trends of global population

Define demography, overpopulation, underpopulation and optimum population

Define birth rate, fertility rate, death rate, infant mortality rate and life expectancy rate

Define density of population Evaluate the economic effects of an

aging population on the Irish economy




Studystack




Class tests


STUDYCLIX HL

STUDYCLIX OL





Illustrate the push and pull forces of migration

Analyse the consequences of an increase in emigration

Consider the implications of the changing structure and size of the Irish population

Outline the economic uses of a census of population in Ireland

Evaluate the importance of a census of population

Critically examine the influence of population on economic development and growth, both nationally and globally



TOPIC 19 : REVIEW OF THE HISTORY OF ECONOMIC THOUGHT WEEK:



Syllabus





Revision&

AoL

Create a mindmap of the economists, schools of thought and main ideas associated with each economist.




Studystack




Class tests


STUDYCLIX HL

STUDYCLIX OL





sample scheme of work for economics

Documents