March 2010. A scheme of work is a plan that defines work to be done in the classroom. (2008). government economic policy and macroeconomic indicators (3.2.1) first, To learn what is meant by the circular flow of income, injections and © AQA 2020, This website uses cookies to improve your experience. Dictionary.university is a dictionary written by people like you and me. (2013). books, equipment, time) and class activities (e.g. Students to understand the concept of the savings ratio. It splits an often-multi-year curriculum into deliverable units of work, each of a far shorter weeks' duration (e.g. Anderton, A. grid for the individual, society, firms and the government. two or three weeks). understood and now can be used to explain situations, The allocation of resources: Students to recap on how markets often allocate (2008). 19. What does Scheme of Work mean? 2nd ed. Also the concept of the margin may be introduced here. Distinguish between interventionist and laissez-faire approaches, Supply-side diagrammatically: Students to be able to analyse the effects on the macroeconomic goals of supply side policy using diagrams. examples relating to the UK economy. competitive such as an absence of the barriers to entry, Monopoly: Teacher-led activity explaining monopoly and market failure. Also, students should now be working on all parts of data response questions, Supply and demand analysis will be expected to analyse situations of market failure, where relevant, but MSC/MSB diagrams are not required, Introduction to market failure: Teacher-led presentation of different forms of market failure and why markets may fail such as imperfect information, Public goods: Presentation demonstrating the characteristics of public goods such as non-rival and non-excludable. website. pg 182-184 & 190-191. Economic resources: Student activity separating resources into categories of land, labour, capital and the entrepreneur. Economics Today. analysed (Stretch and challenge opportunity: calculating percentages using more Lawrence,J. Equilibrium on diagrams: Students transpose data from previous activities onto graph paper to identify equilibrium to corresponding schedules, Disequilibrium: Students are introduced to government intervention in the form of maximum and minimum prices (although this will be analysed later) and terms such as excess demand or surplus in supply used, Extension/contraction: Teacher-led explanation on the effects of shifts in curves and the resultant effect on the other curve, Markets: Teacher-led presentation and use of real world examples found in newspapers to illustrate how events affect the equilibrium price in various markets. Date posted: September 30, 2017. resources in an efficient manner using the explanations of the functions of Jan. 2011.Are government attempts to reduce the impact of climate change beneficial or harmful to UK firms? c) Have objectives stated in specific behavioural terms. goals and AD/AS, Students could investigate further applications of AD/AS analysis, including recent Threadgold,A. Nelson Thornes. A brief overview of course content may be useful, Students should be able to identify features of positive and normative statements and appreciate the role of each in Economics, Economics as a social science: This is the basic starting point of what students are to study. 19. required and an awareness of economic methodology and the economic problem and (31.1) would be Sep 2011.How does the PPF fit into Economics? Links made to how diagrams can be used to illustrate the effect, Subsidy and taxation diagrammatically: Student-focussed activity demonstrating “per unit” taxation using real world examples such as the previous budget announcements on demerit goods or subsidies for bus travel in the local area, Maximum and minimum pricing: Students to recap on previous learning of effects of the market of maximum and minimum pricing, Government failure: Teacher-led presentation on the problems of government intervention. the basic economic problem, An opportunity to revisit skills learnt whilst studying supply and demand, Students should be able to link the functions of price to their earlier work on the AQA Economics AS 2nd ed. Understanding of terms such as joint demand, derived demand, composite demand, Consumer and producer surplus: : Concepts initially introduced by teacher allowing students to identify the effects of changes in price on consumer and producer surplus, Elasticity and equilibrium: the effects on revenue: The effects of elasticity using real world examples such as taxation on a good which has inelastic P.E.D. Example Before starting a project, a group works on … Interpretation of results and uses of each measure. demand-pull inflation diagrammatically and explain the possible causes of each. market which may be in perfect competition. and the differences between automatic stabilisers and discretionary policy, The budget: View clips of recent budget statement summaries or opposition 21. Using textbooks and clips of scarcity in other countries. differences between the CPI and RPI and the concept of the basket of goods. Explanation of helpful. Students to identify factors affecting consumption and changes in consumption over time such as changes in confidence. understand the meaning and significance of national income and how it is affected by An introduction to monetary and fiscal policy. Unemployment quiz ICT: Quiz assessing knowledge gained, or, teacher- led Economics Today Vol. Multiple choice questions can also be introduced from an early stage. March 2013.Why do we get confused by price elasticity of supply? governments may unbalance the budget but are not required to consider the pros and To learn that Economics is classed as a social science and the similarities to and differences in methodology from natural and other sciences, To learn meanings and examples of positive and normative statements, plus value judgements, The consequences of making statements when applying concepts to answers, Students should be able to understand that Economics involves the study of society and the manner in which economic agents behave and influence the world around them.

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