| | | | | |
Topic Title | Markets in Action | Markets in Action | Macroeconomic Performance & Policy | Macroeconomic Performance & Policy / Revision | Study Leave/Revision |
| | | | | |
Key Skills & Content | Economics as a Social Science | Functions of the Price Mechanism | Measure of Economic Performance | Cause of Economic Growth & Output Gaps | |
The Economic Problem & PPFs | Indirect Taxes & Subsidies | Economic Growth (GDP/GNI) | Benefits & Costs of Economic Growth | |
Specialisation & The Division of Labour | | Measuring Unemployment & Inflation | | Drop in sessions as required |
Types of Economy | Sources of Market Failure | Balance of Payments | Macroeconomic Objectives & Conflicts Between Objectives | |
| Positive & Negative Externalities | Employment & Unemployment | Macroeconomic Supply-Side Policies | |
Rational & Behavioural Economics | Non-Provision of Public Goods, Imperfect Markets | Inflation | Macroeconomic Demand-Side Policies | |
Demand & Elasticities | Moral Hazard, Speculation & Bubbles | | | |
Supply & Elasticities | | Aggregate Demand | | |
Market Equilibrium | | Consumption, Investment, Government Expenditure & Net Trade | | |
| | Aggregate Supply | | |
| | Circular Flow of Income | | |
| | Equilibrium Levels of National Output | | |
| | The Multiplier | | |
| | | | | |
Summative Assessment | Topic based exam style questions for Paper 1 after each topic and at the end of the chapter | Topic based exam style questions for Paper 1 after each topic and at the end of the chapter | Mock exam - answer questions on topics covered in Unit 1 | Topic based exam style questions for Paper 2 | |
| | Exam conditions for 2, 4, 6, 8, 12 and 20 mark answers. Marked according to Edexcel IAS Unit 1 and Unit 2. | In class mock exam - short answer questions on topics covered this academic year.. | |