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Scheme of work

Scheme of work
Supplement
Based on 1-hour lessons

Topic outline Suggested teaching and homework Suggested resources


activities
1 Basic economic ideas
Efficiency Recap basic economic ideas. Teacher CD-ROM
Explain allocative and productive
efficiency.
Working on their own, students
complete further activities and
answer multiple-choice questions
and data response questions.
2 The price system
Marginal utility Recap meaning of demand and Coursebook
relationship between price and
demand.
Explain concept of marginal
utility.
Students complete self-assessment
task 2.26.
Budget lines Recap marginal utility. Coursebook
Discuss limitations of MU theory.
Explain budget lines.
Students draw budget lines based
on their expenditure choices.
Working on their own, students
complete self-assessment
task 2.27.
Production function Recap budget lines. Coursebook
Explain the production function.
Working in groups, students
complete self-assessment
task 2.28.
Group representatives report back
answers to the whole class.
Students work through numerical
examples with marginal product
and prices changing.

Original material Cambridge University Press 2011 Scheme of work Supplement 1


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
Demand for labour Recap production function. Worksheet
Explore factors affecting demand
for labour.
Explain marginal revenue product
theory.
Students work through numerical
examples on MRP.
Working in groups, students
discuss limitations of MRP
theory.
Whole class discussion on the
usefulness of MRP theory.
Supply of labour Recap factors affecting demand Coursebook
for labour and MRP.
Explore factors influencing the
supply of labour using local
examples.
Students identify which local jobs
they would be prepared to do and
why.
Set homework: students prepare
presentations on the demand
for and supply of different
occupations in the country.
Working on their own, students
complete self-assessment
task 2.30.
Wage determination Recap factors influencing demand Worksheet
for and supply of labour.
Explain wage determination.
Using demand and supply
analysis, students illustrate and
explain how a number of factors
influence the wage rate of a
particular occupation (e.g. raising
qualifications needed to be
a nurse).

Original material Cambridge University Press 2011 Scheme of work Supplement 2


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
Trade unions, monopsony and Recap wage determination. Coursebook
economic rent Explain the role of trade unions Teacher CD-ROM
and government in wage
determination.
Explore the nature of monopsony.
Explain economic rent and
transfer earnings.
Working on their own, students
complete further activity 1.
Group representatives report back
answers to the whole class.
Set homework: specimen exam
essay question 1.
Labour markets Students give their Coursebook
presentations.
Working in groups, students
complete self-assessment
task 2.30.
Returns to scale Recap average and marginal
product.
Explain returns to scale.
Quiz on marginal product.
Short run costs Recap returns to scale. Coursebook
Explain short run costs. Teacher CD-ROM
Working on their own, students
complete further activity 2 and
self-assessment task 2.31.
Long run costs Recap short run costs.
Explain economies of scale.
Working in groups, students
identify economies of scale
available to firms in a local
industry.
Group representatives report their
examples to the whole class.
Survival of small firms and Recap economies of scale. Coursebook
growth of firms Explain why small firms survive.
Working in groups, students
complete self-assessment
task 2.32.
Explore the growth of firms.
Working in groups, students
complete self-assessment task 2.33
question 1.
Set homework: self-assessment
task 2.33 question 2.

Original material Cambridge University Press 2011 Scheme of work Supplement 3


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
Elasticity and total revenue Recap survival of small firms and Coursebook
growth of firms.
Explain relationship between
elasticity and marginal, average
and total revenue.
Working on their own, students
complete self-assessment
task 2.34.
Firm, industry and firms Recap revenue. Coursebook
objectives Explain the meaning of a firm and
an industry.
Explore firms objectives.
Working on their own, students
complete self-assessment
task 2.35.
Set homework: specimen exam
essay question 2.
Market structures and perfect Recap firms objectives. Coursebook
competition Briefly explain market structures.
Working in groups, students
complete self-assessment task 2.36
question 1.
Group representatives report back
answers to the whole class.
Explore perfect competition.
Working on their own, students
complete self-assessment
task 2.37.
Monopolistic competition Recap perfect competition. Coursebook
Explore monopolistic Flip chart
competition.
Working in groups, students
complete self-assessment task 2.36
question 2.
Group representatives report back
their answers to the whole class.
Explain the meaning of barriers
to entry.
Working in groups, students think
of barriers to entry into a local
industry.
Group representatives write up
examples on a flip chart.
Oligopoly Recap perfect competition and Teacher CD-ROM
monopolistic competition.
Explain oligopoly.
Working on their own, students
complete further activity 3.

Original material Cambridge University Press 2011 Scheme of work Supplement 4


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
Monopoly Recap perfect competition, Coursebook
monopolistic competition and Teacher CD-ROM
oligopoly.
Explore monopoly.
Working on their own, students
complete self-assessment
task 2.38.
Set homework: homework
essay question on monopolistic
competition and monopoly.
Contestable markets, conduct and Recap market structures. Coursebook
performance of firms Explain contestable markets.
Working on their own, students
complete self-assessment
task 2.39.
Group discussion on conduct and
performance of firms in different
market structures.
Recap the price system and Recap main points. Teacher CD-ROM
theory of the firm Working on their own, students
answer multiple-choice questions.
Working in groups, students
answer data response questions.
Group representatives report back
their answers to the whole group.
Set homework: essay question on
utility and market domination.
3 Government intervention in the price system
Efficiency and market failure Recap efficiency and market Coursebook
failure.
Quiz on market failure.
Working in groups, students
complete self-assessment
task 3.6.
Group representatives report back
their answers to the whole class.
Deadweight loss Recap monopoly and market Coursebook
failure.
Explain deadweight loss.
Working in groups, students
complete self-assessment
task 3.7.
Group representatives report back
their answers to whole class.

Original material Cambridge University Press 2011 Scheme of work Supplement 5


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
Objectives of government Recap deadweight loss. Coursebook
microeconomic policy and Explore objectives of government Teacher CD-ROM
regulation microeconomic policy.
Explain regulation.
Working in groups, students
complete self-assessment
task 3.8.
Group representatives report back
answers to the whole class.
Set homework: essay question on
electricity prices.
Policies towards income and Recap microeconomic policy Coursebook
wealth redistribution objectives. Teacher CD-ROM
Explore policies to redistribute
income and wealth.
Working on their own, students
complete further activities 1
and 2.
Working in groups, students
complete self-assessment
task 3.9.
Group representatives report back
their answers to the whole class.
Effectiveness of government Recap policies towards income Coursebook
policies and wealth redistribution.
Explain government failure.
Working in groups, students
complete self-assessment
task 3.10.
Group representatives report back
their answers to the whole class.
Privatisation Recap transition from a command Coursebook
to a market economy. Teacher CD-ROM
Explore the nature of
privatisation.
Working in groups, students
complete self-assessment tasks
3.11 and 3.12.
Group representatives report back
their answers to the whole class.
Set homework: self-assessment
task 3.13 and homework short
answer questions and essay
question.

Original material Cambridge University Press 2011 Scheme of work Supplement 6


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
Recap government intervention Recap taxes and subsidies. Coursebook
in the price system Working on their own, students Teacher CD-ROM
complete further activity 3.
Working in groups, students
produce outline answers to
specimen exam essay questions 1
and 2.
Recap government intervention Recap main points. Teacher CD-ROM
in the price system Working on their own, students
answer multiple-choice and data
response questions.
Set homework: revise for test.
Recap government intervention Test
in the price system
5 Theory and measurement in the macroeconomy
Use of national income figures Recap aggregate demand and Coursebook
aggregate supply.
Explore the use of national
income figures and ways of
measuring GDP.
Working on their own, students
complete self-assessment
tasks 5.7 and 5.8.
Comparison of economic growth Recap national income figures. Coursebook
and living standards Explore the comparison between
economic growth rates and living
standards.
Working in groups, students
complete self-assessment tasks 5.9
and 5.10.
Other indicators of living Recap GDP per capita as a Coursebook
standards measure of living standards.
Explore the nature of HDI, HPI
and MEW.
Working in groups, students
complete self-assessment
task 5.11.
Group representatives report back
answers to whole class.
Set homework: specimen exam
essay questions 1 and 2.

Original material Cambridge University Press 2011 Scheme of work Supplement 7


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
Money supply Recap measures of living Teacher CD-ROM
standards.
Explore the nature of the money
supply.
Working in groups, students
answer data response questions.
Group representatives report back
answers to whole class.
The budget Recap the money supply. Coursebook
Explore the budget, budget deficit
and budget surplus.
Working on their own, students
complete self-assessment task
5.12 and consider using AD and
AS analysis of the effects on the
economy of budget deficits and
surpluses.
The circular flow of income, Recap the budget. Teacher CD-ROM
Keynesians and monetarists Explore the nature of the circular Newspaper articles and/or news
flow and injections and leakages. websites
Working in groups, students
complete further activity 1.
Group representatives report back
their answers to the whole class.
Explore the comparison between
Keynesians and monetarists.
In groups, students use newspaper
articles and/or news websites to
investigate whether government
policies are Keynesian or
monetarist.
Aggregate expenditure Recap the circular flow, Keynesian Coursebook
and monetarist approaches.
Explore the nature of aggregate
expenditure.
Working in groups, students
complete self-assessment task
5.13.
Group representatives report back
answers to the whole class.

Original material Cambridge University Press 2011 Scheme of work Supplement 8


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
The multiplier Recap aggregate expenditure. Coursebook
Explain the multiplier. Teacher CD-ROM
Working on their own, students
complete further activity 2 and
self-assessment tasks 5.14 and
5.15.
Set homework: homework essay
question on the multiplier and
export revenue.
The accelerator Recap the multiplier.
Explain the accelerator.
Quiz on the circular flow,
injections, leakages, multiplier,
accelerator.
Sources of the money supply Recap the money supply. Coursebook
Explore the causes of a change in
the money supply.
Working on their own, students
complete self-assessment
task 5.16.
The Quantity Theory of Money Recap causes of changes in the
money supply.
Explain the Quantity Theory of
Money.
Working in groups, students work
through numerical examples and
consider link to inflation.
Group representatives report back
answers to the whole class.
Liquidity preference and loanable Recap causes of changes in the Coursebook
funds theories money supply. Teacher CD-ROM
Explain liquidity preference
theory and loanable funds theory.
Working on their own, students
complete further activity 3 and
self-assessment task 5.17.
Set homework: essay question on
demand for money and increase in
the money supply.
Recap theory and measurement Recap main points. Coursebook
in the macroeconomy Working on their own, students Teacher CD-ROM
answer multiple-choice questions. Flip chart
Working in groups, students
produce an outline answer to
specimen exam essay question 1.
Group representatives write up
their outlines on a flip chart.

Original material Cambridge University Press 2011 Scheme of work Supplement 9


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
6 Macroeconomic problems
Economic growth and Recap economic growth. Coursebook
development Explain the difference and links
between economic growth and
development.
Working in groups, students
complete self-assessment
task 6.11.
Group representatives report back
their answers to the whole class.
Students compare living standards
in their own country with those in
another country.
Indicators of comparative Recap economic growth and Coursebook
development development. Teacher CD-ROM
Explain indicators of comparative
development.
Explore some characteristics of
developing economies.
Working on their own, students
complete further activity 1 and
self-assessment task 6.12.
Indicators of comparative Recap indicators of economic Coursebook
development growth.
Explore remaining characteristics
of developing economies.
Working in groups, students
complete self-assessment
task 6.13.
Group representatives report back
answers to whole class.
Set homework: students prepare
a presentation on the macro-
economic performance and
challenges facing different
economies.
Economic growth Explain the distinction between Coursebook
actual and potential economic
growth.
Explore causes of economic
growth.
Working on their own, students
produce an outline answer to
specimen exam essay question 2.

Original material Cambridge University Press 2011 Scheme of work Supplement 10


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
Costs and benefits of economic Recap causes of economic growth. Coursebook
growth Explore consequences of Teacher CD-ROM
economic growth.
Working in groups, students
complete self-assessment
task 6.14.
Group representatives report back
answers to whole class.
Set homework: essay question
on rapid economic growth and
factors of production.
Unemployment Recap relationship between Teacher CD-ROM
economic growth and
unemployment.
Explain full employment and
natural rate of unemployment.
Explore causes and consequences
of unemployment.
Working on their own, students
complete further activities 2
and 3.
Macroeconomic problems Students give their
presentations.
Inter-connectedness of problems Recap macroeconomic problems. Coursebook
Explore connections between
problems including the Phillips
curve relationship.
Working on their own, students
complete self-assessment
task 6.15.
Recap macroeconomic problems Recap main points. Teacher CD-ROM
Working on their own, students
answer multiple-choice and data
response questions.
Set homework: homework short
answer questions and essay.

Original material Cambridge University Press 2011 Scheme of work Supplement 11


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
7 Macroeconomic policies
Objectives of macroeconomic Recap macroeconomic policy Coursebook
policy and policies towards objectives.
developing economies Explore policies towards
developing economies including
role of international
organisations.
Working in groups, students
complete self-assessment
task 7.2.
Group representatives report back
their answers to the whole class.
Fiscal policy Recap macroeconomic problems Coursebook
and objectives.
Explore the nature of fiscal policy.
Working on their own, students
complete self-assessment task 7.3.
Monetary policy Recap fiscal policy. Coursebook
Explore the nature of monetary Teacher CD-ROM
policy.
Working in groups, students
complete self-assessment
task 7.4.
Group representatives report back
answers to whole class.
Set homework: essay question
on capital spending and national
income.
Supply-side policies Recap fiscal and monetary Coursebook
policies.
Explore the nature of supply-side
policies.
Working in groups, students
complete self-assessment
task 7.5.
Group representatives report back
answers to the whole class.
Macroeconomic policies In pairs or small groups, students
work on a presentation on how to
tackle a macroeconomic problem
in the country.

Original material Cambridge University Press 2011 Scheme of work Supplement 12


Scheme of work

Topic outline Suggested teaching and homework Suggested resources


activities
Conflicts between policy Recap fiscal, monetary and supply Coursebook
objectives side policies.
Explore conflicts between
supply-side policies.
Working in groups, students
complete self-assessment task 7.6
and produce an outline answer to
specimen exam essay question 2.
Group representatives report back
answers to whole class.
Recap macroeconomic policies Recap main points. Teacher CD-ROM
Working on their own, students
answer multiple-choice questions
and data response questions.
Set homework: homework short
answer questions and essay.
Macroeconomic policies Students give their
presentations.
Revision sessions Use a variety of techniques to Past papers
recap main points and develop
skills including quizzes, tests,
mind maps, tables and working
through past papers.

Original material Cambridge University Press 2011 Scheme of work Supplement 13