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2.1 Perfect and Imperfect markets - revenue and profits Lesson 1
The nature of revenue in different markets structures
Combining revenue and costs to show how profits differs in different market structures
Whole lesson: Theory and activities
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2.3 Growth and Technology Lesson 3
To understand and apply how and why firms grow
To identify the reasons for and against growth
To assess the impact of technology
Whole lesson: Mostly theory and some activities.
Notes for last slide provided under the slide.
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2.2 Profits and Objectives Lesson 2
What are a firm’s Objectives?
What is the divorce of ownership and control?
What are the alternative objectives?
Whole lesson: Theory, video link and activities.
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1.3 Review of resources, economic agents, understanding and applying PPF - lesson 3
To understand the role of economic agents in allocating scarce resources
Revise and consolidate your understanding of agents and resources
To understand the roll of PPF diagrams in analysing cost and resource allocation
Whole Lesson: theory and many activities
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1.2 Did you read ahead starter activity - lesson 2
MCQ and Knowledge questions for starter to ppt lesson 2
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The Circular Flow Model - 2 lessons
AS/Yr1 Economics
Lesson 1:
To understand and apply the stock and flow of an economy
Develop your understanding of the two and three sector model.
Apply, analyse and evaluate the sector model
Lesson 2:
To understand and apply the four sector economic model
Analyse the consequences of changes in the flow and evaluate the sector model
To Revise the model
Activities, theory, video, assessments and worksheets.
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The determination of market prices and the interrelationship of markets - AS-YR1
Define equilibrium in a market and how it is achieved
Explain how changes in demand and Supply can cause disequilibrium and how the market establishes a new equilibrium
Understand inter-market relationships
Demonstrate the interrelationship of markets through diagrams
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Introduction to Monopolies and Monopoly Power - AS-YR1
Learning Objectives:
To understand the factors that give rise to the monopoly position and its power
To apply those factors to real market examples
To analyse the consequences of monopoly power
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Trade: Absolute and Comparative Advantage - A2-Yr2
Learning Objectives
To understand absolute advantage and comparative advantage
To apply the theories through calculation and diagrammatical analysis
To evaluate comparative advantage
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Monetary Policy - 3 lessons - A2/Yr2
Economics Monetary Policy - 3 lessons - A2/Yr2
Theory, activities, videos and assessment.
Lesson 1
1) To understand the interaction of money supply and demand
2) To understand and apply the objectives of Monetary Policy
3) To apply modern methods (instruments) of money supply and its consequences
Monetary base control
Open Market Operations (OMOs)
Setting interest rates
Lesson 2
To demonstrate the relationship between interest rates and exchange rates through linked analysis
To understand the transmission mechanism
To apply and analyse monetary policy in view of the mechanism
Lesson 3
To review, apply and analyse monetary policy in view of the transmission mechanism
To develop arguments for and against monetary policy for use in evaluation
To attain a brief knowledge of monetary policy history
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Production and Production Costs in the short run Yr1 basics - AS - Yr1
Learning Objectives:
1) To review the key terminology: Production, productivity, Specialisation, Division of Labour and Exchange.
2) To calculate costs and represent diagrammatically
3) To understand the nature of costs over output
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Competitive markets and Perfect competition - AS-Yr1
Understand what makes a competitive market?
What objectives might a firm have?
Calculate the nature of revenue in a perfect/competitive market
Be able to explain why a market might behave in this way
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Fixed Exchange Rates - A2-Yr2
Learning Objectives:
1) To understand the other types of Exchange Rates
2) Analyse and Evaluate the manipulation of
Exchange Rates
3) To review the impact of the ERM
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Production and Productivity AS-Yr1
Learning Objectives:
1) To understand the key terminology: Production, Productivity, Specialisation and Division of Labour.
2) To apply those terms to a practical example
3) Assess how production and productivity can be increased
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Monetary Policy and Exchange Rates AS-Yr1
To understand the Bank of England’s Objectives and policy instruments
To analyse and evaluate how the Bank of England’s policy instruments influence Macro economic
Theory, activities and assessment
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EU - Impact of the Customs union - A2-Yr2
Learning Objectives:
How does trade deflection work?
What is trade creation and analyse its impact?
What is trade diversion and analyse its impact?
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Diagram study notes on merit- demerit- pos and neg ext in consumption with gov interventions - AS-Yr
Diagrams revision notes:
Merit, Demerit, Pos & Neg ext in consumption
Government Intervention applied to Merit, demerit, Pos & Neg ext in consumption.
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EU Overview and the case for and against -A2-Yr2
1) An overview of the EU
Understanding of the institutional structure of the EU, notably the role of the European Commission and the European Central Bank.
2) To understand and debate the key arguments for and against a Single European Market.