Thanks to PDST advisors, local facilitators and … ECONOMICS SCHEME...Thanks to PDST advisors,...

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 S

tory

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


Studyclix OL

or


Suggested resources/activities & methods are constantly reviewed & updated

SLSS 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

pdsteconomics

Scoilnet.ie

Examinations.ie

Studyclix.com

e-xamit.ie

Economics help

(a to z glossary,

notes etc.)

Economics basics

http://www.independent.ie/

60 second adventures in economics

Khan Academy

Share my lesson

http://www.tutor2u.net

Video tutorials

Economist free app

www.ntma.ie

www.cso.ie

www.financegov.ie

www.imf.ie

www.wto.ie

www.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)

Triptico

Freerice.com

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

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

http://www.pdst.ie/node/1137


http://cooltoolsforschools.wikispaces.com/Home


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

http://www.examinations.ie/

https://www.studyclix.ie/

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

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

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

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

http://www.independent.ie/

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

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.sharemylesson.com/

http://www.tutor2u.net/

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

http://www.ntma.ie/

http://www.imf.ie/

http://www.wto.ie/

http://www.un.org/

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

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

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

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

http://www.wordle.net/

http://www.tagxedo.com/

http://www.studystack.com/

http://quizlet.com/

http://freerice.com/


KWHL - EXPLAINED

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?

EXAMPLE: ECONOMIC SYSTEMS Is 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/kwlcreator

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-SHARE

Think 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 C

1 2 3 4 5 6

Knowledge/Remembering Comprehension/

Understanding

Application Analysis Synthesis/Creating Evaluation

Count

Choose

Define

Describe

Draw

Identify

Label

Match

Name

Outline

Quote

Read

Recall

Recite

Recognize

Record

Select

State

Write

5 Ws – who, what, where, why,

when

Associate

Classify

Contrast

Compare

Compute

Convert

Defend

Demonstrate

Discuss

Distinguish

Estimate

Explain, Extend

Extrapolate

Generalize

Give examples

Infer

Interpret

Outline

Paraphrase, Predict

Rewrite, Rephrase

Summarise

Add

Apply

Build

Calculate

Change

Classify

Construct

Complete

Demonstrate

Divide

Examine

Graph

Manipulate

Modify

Organise

Prepare

Produce

Present

Show

Solve

Use

Analyse

Arrange Breakdown

Combine

Design

Detect

Develop

Diagram Differentiate

Discriminate

Dissect

Examine

Illustrate

Infer

Investigate

Observe

Outline

Point out

Relate, Relationship

Select

Separate , Subdivide

Utilize

Categorize Combine

Compile

Compose

Create

Design

Devise

Generate

Invent

Imagine

Modify

Order

Organize

Plan

Rearrange Reconstruct

Reorganize

Revise

Summarize Transform

Specify

Appraise

Assess

Compare

Conclude

Contrast

Criticize , Critique

Debate

Deduce

Determine

Disprove

Evaluate

Grade

Interpret

Judge , Justify

Measure

Opinion

Prove

Rank, Rate

Recommend

Support

Test


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 Literacy Comprehension, writing, oral language

strategies

Numeracy

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 and give examples

Differentiate between microeconomics and macroeconomics

Book page Workbook page Worksheet no> Economic goods doc What is wealth doc Powerpoints Introduction to economics The economic problem Why you study economics video

KWHL KWL creator

pdsteconomics studystack (on-line games)

Q & A using Bloom’s prompts

Think-pair-share

My Little Book

Revision resources Exam outcome verbs

Class tests

Collated SEC exams & schemes

STUDYCLIX HL

STUDYCLIX OL

Tony Buzan on mindmaps


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

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

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

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

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



MICRO TOPIC 2: ECONOMIC SYSTEMS WEEK:

Differentiated



Syllabus

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


strategies

Numeracy


Revision

& AoL

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 page Workbook page Worksheet no Prezi presentation Powerpoints

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

Game Student presentation

Invisible hand video

KWHL KWL creator

pdsteconomics studystack

Cloze test doc Matching doc


Think-pair-share

Anticipation guide

Revision resources

Class tests


Exam questions

template doc

STUDYCLIX HL

STUDYCLIX OL


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

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





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

Differentiated



Syllabus


General Literacy Comprehension, writing, oral language strategies

Numeracy

Language, estimation,

problem solving strategies

Revision

& AoL

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

Book page Workbook page Worksheet no Economic goods doc Powerpoints The consumer & utility DM utility clip Consumer equilibrium clip LDMR video clip

KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share Anticipation guide

Calculate the marginal utility

Revision resources

Class tests


Short questions doc

STUDYCLIX HL

STUDYCLIX OL


http://www.youtube.com/watch?v=KOUJEyy48qY

http://www.youtube.com/watch?v=JiJlZGqZXZk&NR=1&feature=endscreen

http://www.youtube.com/watch?v=M7rA4VfvdAw&list=TLLD-D5rgoOpEPVe01a-PG2ynR9U2IPE5q




Discuss Alfred Marshall’s contribution to economic

thought WRT consumer & utility

60 sec adventures in ec rational choice theory clip

http://www.open.edu/openlearn/society/politics-policy-people/economics/60-second-adventures-economics-rational-choice-theory

http://www.open.edu/openlearn/society/politics-policy-people/economics/60-second-adventures-economics-rational-choice-theory



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

Differentiated

Expected Learning Outcomes The students will be able to do the

following:

Syllabus


General Literacy Comprehension, writing, oral

language strategies

Numeracy



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

Book page Workbook page Worksheet no Powerpoints Demand Student presentation Movement & shifts video Resources on scoilnet

KWHL KWL creator

pdsteconomics studystack


Think-pair-share

Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL Interactive demand curve Worksheet

Revision resources

Class tests


Exam questions

template doc STUDYCLIX HL

STUDYCLIX OL


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




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


Discuss Alfred Marshall’s contribution to

economic thought WRT consumer demand

Video how supply and demand affect the price of silver video on supply and demand of water, oil, jeans

Anticipation guide Demand recap video

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



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

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

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



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

Differentiated



Syllabus



Numeracy



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

Explain Say’s Law

Book page Workbook page Worksheet no Powerpoints Supply Student presentation Supply video Supply video 2 Movements & shifts in supply curves (scoilnet)

KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share

Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL

Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL


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

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

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

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





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



Syllabus



Numeracy



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


thought WRT the market mechanism

Book page Workbook page Worksheet no Powerpoints Business 2,000 quiz Quiz on supply & demand



Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL


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





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

Differentiated



Syllabus



Numeracy



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

Book page Workbook page Worksheet no Powerpoints FOP matching exercise

KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share Visual verbal square

Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL






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

Differentiated



Syllabus



Numeracy



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 Ireland

Book page Workbook page Worksheet no Powerpoints Land Sliderocket (NK) Land Sliderocket (NK) Irelands property crash Scoilnet Quiz



Revision resources

Class tests


Exam questions

template doc

STUDYCLIX HL

STUDYCLIX OL


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

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

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

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

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




Discuss RICARDO’S contribution to economic thought


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

Differentiated



Syllabus


General Literacy Comprehension,

writing, oral language strategies

Numeracy



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

Book page Workbook page Worksheet no Powerpoints Labour Student presentation



Revision resources

Class tests


Exam questions

template doc

STUDYCLIX HL

STUDYCLIX OL







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

Differentiated



Syllabus



Numeracy



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

Define investment

Book page Workbook page Worksheet no Powerpoints Capital


Revision resources

Class tests


Exam questions

template doc

STUDYCLIX HL

STUDYCLIX OL

mindmap




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


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



Numeracy



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

Book page Workbook page Worksheet no Powerpoints Enterprise & economic Rent


Calculating economic rent & transfer earnings

Revision resources

Class tests


Exam questions

template doc

STUDYCLIX HL

STUDYCLIX OL






MICRO TOPIC 9: ELASTICITY WEEK:

Differentiated



Syllabus



Numeracy



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)

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

Book page Workbook page Worksheet no Powerpoints Elasticity of demand Elasticity of supply Student presentations WWTBAM on elasticity Resources on scoilnet Quiz on PED Elasticity of demand video


Drawing diagrams Labeling diagrams Interpreting diagrams Calculating PED YED CED Show-me board to practice drawing diagrams & AfL

Revision resources

Class tests


Exam questions

template & answers doc

STUDYCLIX HL

STUDYCLIX OL



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

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




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


thought WRT elasticity



MICRO: TOPIC 10: COSTS WEEK:

Differentiated



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

Book page Workbook page Worksheet no Powerpoints Costs Costs of production (student presentation)


Numeracy

Drawing diagrams Labeling diagrams Interpreting diagrams Calculating 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:

Differentiated



Syllabus



Numeracy



Revision

& 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

Book page Workbook page Worksheet no Competition made simple doc Powerpoints Drawing diagrams Perfect competition Student presentation

KWHL KWL creator Studystack Q & A using Bloom’s prompts Think-pair-share


Revision resources

Class tests

Collated

SEC exams &

schemes

Exam question template

doc





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

STUDYCLIX

HL

STUDYCLIX OL



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

Differentiated



Syllabus


General Literacy Comprehension,

writing, oral language strategies

Numeracy



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


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 discrimination.

Distinguish between different types of price discrimination

Book page Workbook page Worksheet no Powerpoints Monoploy Price discrimination Youtube 7:01 - Barriers

Monopoly video Price discrimination clip Price discrimination graphic organiser Price discrimination summary



Revision resources

Class tests


Exam question

template & solutions doc

STUDYCLIX HL

STUDYCLIX OL


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

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

http://www.youtube.com/watch?v=xZeYrNgTqd4&feature=related






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

Differentiated



Syllabus



Numeracy



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

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

Book page Workbook page Worksheet no Powerpoints Oligopoy Oligopoly video Microsoft V Apple video Imperfect v oligopoly video

KWHL KWL creator pdsteconomics studystack

Q & A using Bloom’s prompts Think-pair-share


Revision resources

Class tests


Exam question

template & solutions doc

STUDYCLIX HL

STUDYCLIX OL


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

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

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






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

Differentiated



Syllabus



Numeracy



Revision

& AoL

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


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

Book page Workbook page Worksheet no Powerpoints Imperfect competition Monopolistic competition video Scoilnet Quiz Perfect V imperfect video Imperfect v oligopoly video



Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL

Market structures grid for revision


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

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

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

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







MACRO TOPIC 12: NATIONAL INOME WEEK:

Differentiated



Syllabus



Numeracy



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

Book page Workbook page Worksheet no PDST Powerpoints etc.

KWHL KWL creator Studystack Q & A using Bloom’s prompts Think-pair-share

Revision resources Class tests


STUDYCLIX HL STUDYCLIX OL





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

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

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:

Differentiated



Syllabus



language strategies

Numeracy


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


KWHL KWL creator Studystack

Studystack


Think-pair-share

Placement


Class tests


STUDYCLIX HL

STUDYCLIX OL






MACRO TOPIC 13 (b): EMPLOYMENT WEEK:

Differentiated



Syllabus



language strategies

Numeracy


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 unemployment in the Irish economy

Discuss the impact of unemployment on the Irish economy

Define under-employment




Think-pair-share Placement


Class tests


STUDYCLIX HL

STUDYCLIX OL





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



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

Differentiated



Syllabus


General Literacy

Comprehension, writing, oral language strategies

Numeracy


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 in the most recent budget

Examine and evaluate current government fiscal policy



Studystack

Q & A using Bloom’s

prompts

Think-pair-share

Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL






MACRO TOPIC 13 (d) : NATIONAL DEBT WEEK:

Differentiated



Syllabus



language strategies

Numeracy


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

List the functions of the NTMA

Identify, interpret and assess the changing debt/GDP ratio

Understand and critically analyse the impact of default



Studystack


Think-pair-share

Placement


Class tests


STUDYCLIX HL

STUDYCLIX OL






MACRO TOPIC 14: MONEY & BANKING WEEK:

Differentiated



Syllabus



Numeracy



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

Book page Workbook page Worksheet no PDST Powerpoints etc. Art attack money clip Biz/ed Economics TES-Business Economics tutor2u/economics/monet ary-polic

Sample Lesson Plans and

handouts

Wall Street Crash

simulator

Cartoon KWHL KWL creator Studystack Studystack Q & A using Bloom’s prompts 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

Revision resources

Class tests


STUDYCLIX HL

STUDYCLIX OL


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

http://www.google.com/url?q=http%3A%2F%2Fwww.bized.co.uk%2Flearn%2Feconomics%2Findex.htm&sa=D&sntz=1&usg=AFQjCNFLIltWUEC2qf6_zLBexyKoBayMfw

http://www.google.com/url?q=http%3A%2F%2Fwww.tes.co.uk%2Ftaxonomysearchresults.aspx%3Fparametrics%3D49440%2C49753%2C49766%26mode%3Dbrowse&sa=D&sntz=1&usg=AFQjCNHn57KjUlIHuXT0N5_8UGZl_YcDrA

http://www.google.com/url?q=http%3A%2F%2Fwww.tutor2u.net%2Feconomics%2Frevision-notes%2Fas-macro-monetary-policy.html&sa=D&sntz=1&usg=AFQjCNEhyL77zM1_bxHDh9-5ejyHYEHluw

http://www.google.com/url?q=http%3A%2F%2Fwww.tutor2u.net%2Feconomics%2Frevision-notes%2Fas-macro-monetary-policy.html&sa=D&sntz=1&usg=AFQjCNEhyL77zM1_bxHDh9-5ejyHYEHluw

http://www.moneymakesense.co.uk/teaching.htm

http://www.moneymakesense.co.uk/teaching.htm

http://www.google.com/url?q=http%3A%2F%2Fwww.sharemylesson.com%2FResourceDetail.aspx%3FstoryCode%3D6035475&sa=D&sntz=1&usg=AFQjCNHiZJigRdaqMExAMYJjgAWrmOp-Wg



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



http://www.centralbank.ie/polstats/stats/cmab/pages/Money%20and%20Banking.aspx

http://www.centralbank.ie/polstats/stats/cmab/pages/Money%20and%20Banking.aspx

http://www.mathsisfun.com/worksheets/index.php

http://www.mathsisfun.com/worksheets/index.php

http://ie.ixl.com/math/year-1/simple-interest

http://www.xe.com/ucc/


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

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

Notes in banking

(sparknotes)

Notes on money

(sparknotes)

Prime Time Investigation

on Meet the Bankers Part 1

Meet the Bankers Part 2





Converter (would be

useful to allow

http://www.sparknotes.com/economics/macro/banking/

http://www.sparknotes.com/economics/macro/banking/

http://www.sparknotes.com/economics/macro/money/

http://www.sparknotes.com/economics/macro/money/

http://www.youtube.com/watch?v=c5em0jYhVhY

http://www.youtube.com/watch?v=c5em0jYhVhY

http://www.youtube.com/watch?v=MP1QelcAi60

http://www.youtube.com/watch?v=I6_IkC1Fa60

http://www.youtube.com/watch?v=KzQ6rkRrlTo

http://www.youtube.com/watch?v=fA8ilZRbDcE

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

http://www.xe.com/ucc/



MACRO TOPIC 15 : INFLATION & CPI WEEK:

Differentiated



Syllabus



language strategies

Numeracy


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



Studystack


Think-pair-share

Placement


Class tests


STUDYCLIX HL

STUDYCLIX OL





Describe what the HICP is and understand the difference between it and the CPI

Define deflation

Explain the Constant Tax Price Index



MACRO TOPIC 16 (a): INTERNATIONAL TRADE WEEK:

Differentiated



Syllabus



language strategies

Numeracy


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 international trade

Examine the ways in which a country can enhance its competitveness


KWHL KWL creator

Studystack

Studystack




Class tests


STUDYCLIX HL

STUDYCLIX OL





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:

Differentiated



Syllabus



language strategies

Numeracy


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:

Differentiated



Syllabus



strategies

Numeracy


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

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

Define exchange rate



Studystack


Think-pair-share

Placement


Class tests


STUDYCLIX HL

STUDYCLIX OL





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:

Differentiated



Syllabus



language strategies

Numeracy


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 Development Index (HDI)

Book page Workbook page Worksheet no PDST Powerpoints etc. How the world works

KWHL KWL creator

Studystack

Studystack




Class tests


STUDYCLIX HL

STUDYCLIX OL


https://mail-attachment.googleusercontent.com/attachment/u/0/?ui=2&ik=5e24ade56e&view=att&th=14115e78377ab08f&attid=0.1&disp=inline&realattid=f_hlizuxhd0&safe=1&zw&saduie=AG9B_P8c5FEv8qnKGUgKY_zEKrqU&sadet=1379802664379&sads=Icy4zC2lNqF5DZdoy8x65PYBsYM&sadssc=1





MACRO TOPIC 18 : ECONOMICS OF POPULATION WEEK:

Differentiated



Syllabus



language strategies

Numeracy


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

Illustrate the push and pull forces of migration



Studystack


Think-pair-share

Placement


Class tests


STUDYCLIX HL

STUDYCLIX OL





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:

Differentiated



Syllabus



language strategies

Numeracy


Revision

& AoL

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



Studystack


Think-pair-share

Placement


Class tests


STUDYCLIX HL

STUDYCLIX OL




Thanks to PDST advisors, local facilitators and … ECONOMICS SCHEME...Thanks to PDST advisors,...

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Transcript of Thanks to PDST advisors, local facilitators and … ECONOMICS SCHEME...Thanks to PDST advisors,...