KS5 Scheme of Learning Economics

YEAR Autumn 1 Autumn 2 Spring 1 Spring 2 Summer 1
12 Theme: Understanding choicesE-A*- all students investigate the choices open to tan individual, firm and Economy 

Theory: Opportunity costs, the economic problem, PPF, Demand and supply, elasticities, allocative Efficiency

 

 

Theme: Market Failure and Government InterventionE-A*- all students investigate how and why markets fail and the options open to an economy to correct for this failureTheory: Public and merit goods, taxes, subsidies, regulation, Pigovian analysis, MSB/MSC, tradable permits

 

 

 

Theme: The national and International EconomyE-A*- all students to develop their understanding of demand and supply at an aggregate level and policy objectives 

Theory: Aggregate demand/supply, CFI model, macro economic indicators and objectives

 

Mock Examination

 Theme: The application of macroeconomic policy instrumentsE-A*- all students to develop their understanding of how an economy can be regulated 

Theory: Monetary Policy, Fiscal Policy, Supply side policies, Keynesian analysis, current and capital accounts

 

Theme: Work and LeisureE-A*- all students to develop their understanding of work and leisure and have a grasp of how it has developed over industries and time periods 

 

Theory: Regional unemployment, real wages, the history of work and leisure, industry analysis

 

 

 

13 Theme: Work and LeisureE-A*- all students to investigate the main types of market structures that exist in an industry 

 

Theory: Monopoly, monopolistic competition, oligopoly, perfect competition

 

Theme: Labour Market FailureE-A*- all students to consider and comment on the reasons for labour market failure 

 

Theory: MPL, APL, Trade Unions, wages sticking downwards, National Minimum wage, bilateral monopoly, occupational immobility

Theme: Global EconomicsE-A*- all students to research and investigate a pre release piece of material relating to global economics 

 

Theory: WTO, Developing economies, trade unions, trade creation, trade diversion, monetary union, fiscal union, globalisation

 Theme: Global EconomicsE-A*- all students to research and investigate a pre release piece of material relating to global economics 

 

Theory: WTO, Developing economies, trade unions, trade creation, trade diversion, monetary union, fiscal union, globalisation