Economics

Tags

Fall	DP1	DP2
September	2.1 Demand 2.2 Supply 2.3 Competitive market equilibrium 2.4 Critique of the maximizing behaviour of consumers and producers	4.1 Benefits of international trade 4.2 Types of trade protection 4.3 Arguments for and against trade control/ protection
October	2.5 Elasticity of demand 2.6 Elasticity of supply 2.7 Role of government in microeconomics	4.4 Economic integration 4.5 Exchange rates 4.6 Balance of payments
November	2.8 Market failure - externalities and common pool or common access resources 2.9 Market failure - public goods	4.7 Sustainable development 4.8 Measuring development 4.9 Barriers to economic growth and/or economic development

Spring	DP1	DP2
February	3.1 Measuring economic activity and illustrating its variations 3.2 Variations in economic activity - aggregate demand and aggregate supply	Final Prep Microeconomics Macroeconomics The global economy
March	3.3 Macroeconomic objectives 3.4 Economics of inequality and poverty	Final Prep Full Past Papers Practice
April	3.5. Demand management (demand-side policies) - monetary policy 3.6 Demand management - fiscal policy 3.7 Supply-side policies	Final Prep Full Past Papers Practice

Learning Outcome

Understand economics in a fun way through real-life cases rather than simple memorisation

Improve logical thinking and prepare for exams through a drill in essay writing and structuring

Aim for high marks by application practice highlighting the importance of connecting IA to the real life 