Download EC2 scheme of work for EC2

IGCSE Schemes of Work 2015-2016
Economics EC2 A, B, C & D
A FAIR AND BALANCED SCHEME OF WORK
Time
August to
October Break
After October
break to mid
November.
Mid November
to February
Break
Note Christmas
test will include
all the Red
Chapter
material plus
first five-six
chapters of
macroeconomic
(blue chapters)
and because
Material Covered
The market system, demand and supply. Movements along
the demand and supply curves and shifts in demand and
supply curves. Market equilibrium and calculating total
revenue. Students have seen this material before (at the start
of EC1) so we can skip through it quite quickly.
Then: Three elasticities – price, supply and income.
Applications of elasticity followed by an elasticity quiz.
Introduce Production Possibility Curves and review the Mixed
economy.
An understanding that all economies are mixed, but some are
more mixed than others.
Labour- The advantages and disadvantages of division of
labour to individuals and firms.
Labour – factors affecting the supply and demand for labour.
Progress test.
Interference in the labour market: National minimum wage and
trade unions.
Population changes – how it affects firms,
government in economy. This is not in the Jones
book.
Then – Red Chapter Test
Blue chapters
Macroeconomic objectives:
Growth*+
Price control*
Full employment*
Balance of payments
Environmental protection
*Study how they are measured
+ problems with measuring it
Then – the three policies
we are super
evil, the green
chapters which
they had
covered in
EC1.
Monetary policy
Fiscal policy
Progressive, regressive and proportional taxes
(NOT IN THE JONES BOOK)
Supply side policies.
How might these policies achieve macroeconomic objectives?
There may be no Blue Chapter test because the material will
be covered on the February mock exam.
February 2016
until April 2016
Orange Chapters
Globalisation
Foreign Direct Investment
International Borrowing and debt is not in Jones and must be
covered.
Winners and losers in both MEDCs and LEDCs from
globalisation.
Trading blocs – effects of those inside and outside trading
blocs. Familiarise students with custom union too. Might be a
sneaky question on that.
Free trade versus protectionism
Types of protectionism plus diagrams. These diagrams are not
very well covered in the book.
Exchange rate determination – the effects of an
increase/decrease in the value of a currency for the country’s
trade.
Progress test covering ORANGE chapters.
April last days
of teaching new
material –
then…
June 2016
Green Chapter Revision with a particular focus on past
examination questions. Examination skills. Handing back
mock papers.
IGCSE Celebration of Knowledge