Term One: Monday 5 September-Tuesday 20 December 2016

Date

 In-Class Overview

 Exercises and Homeworks

Extra Activities

 

 

 

 

Week 1

(5/9-9/9)

Introduction to the course.

Overview. What is Economics? Go over broad syllabus. Highlight importance in everyday life, social science/mathematical aspects. Definition. Capitalism; Macroeconomics; Microeconomics.

 

What is Economics? Brainstorming exercise in groups.

Handouts:

What is Economics?

Introduction to Economics

What is Economics 1?

What is Economics 2?

What is Economics 3?

A short youtube video on the subject. which starts with the Classic 'scarce resources' point of view.

Week 2

(12/9-16/9)

The ancient background: Xenophon and Aristotle; the Roman World

Private Property and Property Rights.

Relationship between economic development and private ownership.

What is a 'just price'?

Question and answer sessions based on the topics.

Handouts:

Private Property

Analysis of cartoon and discussion.

What is a 'just price'?

 

Research money, banks and finance. What is the place of banks in the modern world?

Week 3

(19/9-23/9)

The Function of Money. Why we need money. The four functions of money.

Financial Services and Banks.

The importance of banks and their three main functions.

 

Write a one page summary of the significance of money and banks in the modern economy.

 

Why can't we just print more money to pay off debt? An introduction to money and its 'value'.

A short introductory video on banks.

 

Week 4

(26/9-30/9)

The Quantity Theory of Money: Inflation

 

 

Why can't we just print more money to pay off debt? An introduction to money and its 'value'.

Week 5

(3/10-7/10)

Measuring Wealth and GDP, including trade, agriculture, and public companies

 

How Economics works. The debt and credit cycle.

Week 6

(10/10-14/10)

Introduction to the the Circular Flow of the Economy.

The physiocrats, François Quesnay and the Economic Table.

Revision for A test.

A simpler view of the Circular Flow of the Economy.

Welker's view of the Circular Flow of the Economy explained.

Week 7

(17/10-21/10)

Powerpoint on The Circular Flow of the Economy.

'A' Test on work completed so far.

   

Week 8

(24/10-28/10)

Adam Smith, Capitalism and Free-Market Economics

The Real Adam Smith: Interactive Learning Portal.

Use this to help develop your understanding of the importance of Adam Smith.

The Real Adam Smith. A website based around a two-part video.

Part 1: Morality and Markets.

Part 2: Ideas that Changed the World.

 

All Saints Holiday

(31/10-4/11)

No Classes – All Saints Holiday

No Classes – All Saints Holiday

 

Week 9

7/11 Journée Pedagogique; 8/11-11/11)

Adam Smith cont.

Part 1: Morality and Markets.

Part 2: Ideas that Changed the World.

 

 

The Real Adam Smith: Interactive Learning Portal.

Use this to help develop your understanding of the importance of Adam Smith.

Class handout based on the videos.

The Real Adam Smith. A website based around a two-part video.

Part 1: Morality and Markets.

Part 2: Ideas that Changed the World.

Week 10

(15/11-18/11)

Finish Ideas that Changed the World.

Free Market Economics and the Invisible Hand.

Worksheet on Supply,  Demand, and the Invisible Hand.

The Real Adam Smith. A website based around a two-part video.

Part 1: Morality and Markets.

Part 2: Ideas that Changed the World.

Week 11

(21/11-25/11)

Revision for B Test: key terms, circular flow of the economy.

B Test

Key terms worksheet.  

Week 12

(28/11-2/12)

An alternative to Capitalism: Karl Marx and Socialism.    

Week 13

(5/12-9/12)

Year Six EXAMS - No Classes

   

Week 14

(12/12-16/12)

Year Six EXAMS - No Class Monday.

An alternative to Capitalism: Karl Marx and Socialism.

   

Week 15

(19/12-20/12)

Video: How Capitalism is Killing itself?    

   

Term Two: Monday 9 January - Friday 6 April 2016

Date

In-Class Overview

Exercises and Homeworks

Extra Activities

 

 

 

 

Week 1

(9/1-13/1)

Alternatives to Capitalism: Karl Marx and Socialism

 

 

Week 2

(16/1-20/1)

Gluts in Markets; Supply creates its own demand  

 

Week 3

(23/1-27/1)

Borrowing and debt

Boom and bust

 

 

 

Week 4

(30/1-3/2)

Comparative Advantage

Effects of Limited Competition

 

 

 

Week 5

(6/2-10/2)

Monopolies and Perfect Competition

Economic Bubbles

 

 

Week 6

(13/2-17/2)

Marxist Economics

The Labour Theory of Value

   

CARNAVAL - No Classes

(20/2-24/2)

   

 

Week 7

(27/2-3/3)

Supply and Demand    

Week 8

(6/2-10/3)

Utility and Satisfaction

Spending Paradoxes

 

 

 

Week 9

(13/3-17/3)

Economic Equilibrium    

Week 10

(20/3-24/3)

Elasticity of Demand

The Competitive Market

 

 

 

Week 11

(27/3-31/2)

Efficiency and Fairness

Economies of Scale

Opportunity Cost

   

Week 12

(3/4-7/4)

Collective Bargaining and Trade Unions    

 

Term Three: 24 April - 7 July 2017

 

Date

 In-Class Overview

Exercises and Homeworks

Extra Activities

 

 

 

 

Week 1

(24/4-28/4)

Conspicuous Consumption; Veblen Goods    

Week 2

(1/5 Labour Day) (2/5-5/5)

Pollution

Religionomics

Poverty

   

Week 3

(9/5-12/5)

Central Planning

Creative Destruction and Capitalism

 

 

Week 4

(16/4-19/4)

Depressions and Unemployment

 

 

 

ASCENSION Holiday - (22/5-26/5)

ASCENSION Holiday ASCENSION Holiday  

Week 5

(29/5-2/6)

Risk and Uncertainty

The Keynesian Multiplier

Corporate Governance

Economic Theories and Definitions

   

Week 6

PENTECOST Holiday (5/6)

(6/6-9/6)

Economic Liberalism

Modern Economics

   

Week 7

(13/6-16/6)

 

 

 

 

Week 8

(20/6-23/6)

     

Week 9

(27/6-30/6)

     

Week 10

(3/7-7/7)

     

 

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