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