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Summer | DP1 | DP2 |
Week 1 | 1. Introduction to economics
2.1 Demand
2.2 Supply | 4.1 Benefits of international trade
4.2 Types of trade protection
4.3 Arguments for and against trade control/ protection |
Week 2 | 2.3 Competitive market equilibrium
2.4 Critique of the maximizing behaviour of consumers and producers | 4.4 Economic integration
4.5 Exchange rates
4.6 Balance of payments |
Week 3 | 2.5 Elasticity of demand
2.6 Elasticity of supply
2.7 Role of government in microeconomics | 4.7 Sustainable development
4.8 Measuring development
4.9 Barriers to economic growth and/or economic development |
Week 4 | 2.8 Market failure - externalities and common pool or common access resources
2.9 Market failure - public goods | 4.10 Economic growth and/or economic development strategies
Review (Microeconomics) |
Winter | DP1 | DP2 |
Week 1 | 3.1 Measuring economic activity and illustrating its variations
3.2 Variations in economic activity - aggregate demand and aggregate supply | Review (Microeconomics) |
Week 2 | 3.3 Macroeconomic objectives
3.4 Economics of inequality and poverty | Review (Macroeconomics) |
Week 3 | 3.5. Demand management (demand-side policies) - monetary policy
3.6 Demand management - fiscal policy
3.7 Supply-side policies | Review (The global economy) |
*For HL classes, HL only subtopics will also be covered.
Learning Points
1.
Understand economics in a fun way through real-life cases rather than simple memorisation
2.
Improve logical thinking and prepare for exams through a drill in essay writing and structuring
3.
Aim for high marks by application practice highlighting the importance of connecting IA to the real life
