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Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE
ECONOMICS
SUGGESTED
LONG TERM PLAN/SCHEME OF WORK
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
USING THIS RESOURCE
Please use this resource at your own professional discretion.
The resources in blue are on the DVD-ROM that was distributed at the national conference in 2014 and all resources will be uploaded to the PDST Economics website in due course.
Please adapt this resource to meet the needs of your own school context by adding or deleting resources/methods as required.
There are suggested literacy & numeracy strategies that you may need to adapt to suit your own school Improvement Plan.
Suggested DVD’s & documentaries
The Ascent of Money
The Love of Money
Addicted to Money
The Shock Doctrine
Capitalism a Love S
tory
The Corporation
Animal Farm
Civilization: The West & the Rest
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
CONTEXTS OF LEARNING TEMPLATES & INSTRUCTIONS
1 Introduction to Economics 8 (c) Capital 13 (a) Government & the
Economy
Hyperlink instructions
2 Economic Systems 9 Elasticity 13
(b)
Taxation Suggested resources overview
3 Consumer & utility 10 Costs 13 (c) National Budget KWHL
4 Demand 11 (a) Perfect
Competition
14 Money & Banking Think Pair Share
5 Supply 11 (b) Monopoly 15 Inflation & the CPI Anticipation Exercise
6 Market Mechanism 11 (c) Oligopoly 16 International Trade Bloom’s Taxonomy
7 Factor Markets 11 (d) Imperfect
Competition
17 Economic Growth &
Development
Cube Creator
8 (a) Land 12 National
Income
18 Economics of
Population
Visual Verbal Square
8 (b) Labour 19 Review of the History
of Economic Thought
Wordle/Tagxedo
8 (d) Enterprise
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Studyclix OL
or
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Suggested resources/activities & methods are constantly reviewed & updated
SLSS Graphic Organiser Booklet will be used throughout the course as a form of AfL along with, oral/written recap of previous lesson, use of lower,
higher and open questions with built in wait time, observation of pair and share, tests using multiple choice, matching terms with pictures or explanations,
calculations, and open questions, portfolio/project work to include research on internet, newspapers, preparing graphic organizers, flash cards & table
quiz designed by students. Other AfL resources are available on the NCCA website.
A variety of appropriate methodologies will be used during each lesson including lecture, one to one, individual work, guided discovery, pair work, group
work (3 to 4), jigsaw, placemat, my little book, student teaching & students creating on-line resources.
Comprehension strategies will include – KWHL, anticipation guides, visual verbal squares, skimming & scanning. Click here for further info.
Oral language will be developed through the use of think, pair & share, group work, oral presentations & debates.
Writing – high expectations will be set, use of editing checklist for spelling, punctuation & grammar, writing frames used for practicing exam questions.
Numeracy strategies will be integrated into lessons where appropriate eg. common use of calculators, key vocabulary, estimate/calculate/check, problem
solving strategies (Fact Explain, Example Diagram (FEED) etc. , think/pair/share). Show me boards will be used to practice drawing diagrams.
Interpretation of real life data.
LINKS TO CURRICULUM BASED RESOURCES
Links to up-to-date
statistics
LINKS TO WEB 2.0 TOOLS FOR CREATING RESOURCES
pdsteconomics
Scoilnet.ie
Examinations.ie
Studyclix.com
e-xamit.ie
Economics help
(a to z glossary,
notes etc.)
Economics basics
http://www.independent.ie/
60 second adventures in economics
Khan Academy
Share my lesson
http://www.tutor2u.net
Video tutorials
Economist free app
www.ntma.ie
www.cso.ie
www.financegov.ie
www.imf.ie
www.wto.ie
www.un.org
animoto.com (video)
Download Photostory
(video)
Download Audacity
(sound recording)
Wordle.net (word cloud)
Tagxedo.com (word cloud)
Studystack.com
(flashcards & games)
Quizlet.com
(flashcards, vocab)
Triptico
Freerice.com
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
KWHL - EXPLAINED
Pre-reading comprehension & Assessment for Learning (AfL) strategy
K W H L
What do I know about this
topic?
What do I want to know
about this topic?
How do I find out more
about this topic?
What have I learned about
this topic?
EXAMPLE: ECONOMIC SYSTEMS Is the way decisions are
made in a country about:
What goods are to be
produced?
How are these to be
produced?
Who is to benefit from the
production?
How many types of economic
systems are there?
What are they called?
Which one is Ireland?
Reference
Book pages or handout
numbers & dates
website urls
You Tube clips
There are three economic systems.
They are:
1. Free market/enterprise
2. Mixed economy
3. Centrally planned.
Ireland is a mixed economy
KWHL charts assist teachers in activating students' prior knowledge of a subject or topic and encourage inquisition, active reading, and
research. They may also serve as an assessment of what students have learned during a unit of study. The K stands for what students
know, the W stands for what students want to learn, the H stand for how they student will find out and the L stands for what the students
learn as they read or research.
KWL creator is available @ tinyurl.com/kwlcreator
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
KWHL
KWL creator is available @ tinyurl.com/kwlcreator
Pre-reading comprehension & Assessment for Learning (AfL) strategy
K W H L
What do I know about this
topic?
What do I want to know
about this topic?
How do I find out more
about this topic?
What have I learned about
this topic?
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
THINK-PAIR-SHARE
Think about the question on your own and write down your thoughts
Share your thoughts with your partner
Listen to your partner’s ideas
Combine your ideas
QUESTION MY THOUGHTS/IDEAS MY PARTNERS
THOUGHTS/IDEAS
COMBINED IDEAS
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
BLOOMS TAXONOMY OF CRITICAL THINKING
A B C
1 2 3 4 5 6
Knowledge/Remembering Comprehension/
Understanding
Application Analysis Synthesis/Creating Evaluation
Count
Choose
Define
Describe
Draw
Identify
Label
Match
Name
Outline
Quote
Read
Recall
Recite
Recognize
Record
Select
State
Write
5 Ws – who, what, where, why,
when
Associate
Classify
Contrast
Compare
Compute
Convert
Defend
Demonstrate
Discuss
Distinguish
Estimate
Explain, Extend
Extrapolate
Generalize
Give examples
Infer
Interpret
Outline
Paraphrase, Predict
Rewrite, Rephrase
Summarise
Add
Apply
Build
Calculate
Change
Classify
Construct
Complete
Demonstrate
Divide
Examine
Graph
Manipulate
Modify
Organise
Prepare
Produce
Present
Show
Solve
Use
Analyse
Arrange Breakdown
Combine
Design
Detect
Develop
Diagram Differentiate
Discriminate
Dissect
Examine
Illustrate
Infer
Investigate
Observe
Outline
Point out
Relate, Relationship
Select
Separate , Subdivide
Utilize
Categorize Combine
Compile
Compose
Create
Design
Devise
Generate
Invent
Imagine
Modify
Order
Organize
Plan
Rearrange Reconstruct
Reorganize
Revise
Summarize Transform
Specify
Appraise
Assess
Compare
Conclude
Contrast
Criticize , Critique
Debate
Deduce
Determine
Disprove
Evaluate
Grade
Interpret
Judge , Justify
Measure
Opinion
Prove
Rank, Rate
Recommend
Support
Test
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
WORD CLOUDS - TAGXEDO.COM and WORDLE.NET
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 1: INTRODUCTION TO ECONOMICS WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
General Literacy Comprehension, writing, oral language
strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Demonstrate an understanding of the scope, purpose and limitations of economics as a science
Demonstrate an understanding economic concepts such as wealth, income, welfare, scarcity, choice, wants, needs, opportunity cost and factors of production
Explain how economists draw up theories using Inductive and Deductive methods
Identify the differences between factor, intermediate and final markets and give examples
Differentiate between microeconomics and macroeconomics
Book page Workbook page Worksheet no> Economic goods doc What is wealth doc Powerpoints Introduction to economics The economic problem Why you study economics video
KWHL KWL creator
pdsteconomics studystack (on-line games)
Q & A using Bloom’s prompts
Think-pair-share
My Little Book
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Tony Buzan on mindmaps
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 2: ECONOMIC SYSTEMS WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language
strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Differentiate between economic systems
Identify and explain the advantages and disadvantages of economic systems
Discuss Smith, Keynes, Marx’s contribution to
economic thought WRT economic systems
Book page Workbook page Worksheet no Prezi presentation Powerpoints
Economic systems – includes links to Animal Farm, The Shock Doctrine, interviews with Milton Friedman & much more
Game Student presentation
Invisible hand video
KWHL KWL creator
pdsteconomics studystack
Cloze test doc Matching doc
Q & A using Bloom’s prompts
Think-pair-share
Anticipation guide
Revision resources
Class tests
Collated SEC exams & schemes
Exam questions
template doc
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 3: THE CONSUMER & UTILITY (RATIONAL CHOICE THEORY) WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Define economic goods
Explain the characteristics of economic good
Explain and evaluate the assumptions underlying consumer behaviour
Explain and illustrate the concept of utility
Explain the concept of marginal utility
Define and illustrate the law of diminishing marginal utility
Explain and evaluate the assumptions underlying the law of diminishing marginal utility define and illustrate the principal of equi-marginal utility
Calculate the marginal utility
Book page Workbook page Worksheet no Economic goods doc Powerpoints The consumer & utility DM utility clip Consumer equilibrium clip LDMR video clip
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share Anticipation guide
Calculate the marginal utility
Revision resources
Class tests
Collated SEC exams & schemes
Short questions doc
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Discuss Alfred Marshall’s contribution to economic
thought WRT consumer & utility
60 sec adventures in ec rational choice theory clip
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 4 : CONSUMER DEMAND (APPLICATION 1 OF RCT) WEEK:
Differentiated
Expected Learning Outcomes The students will be able to do the
following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Distinguish between individual demand and market/aggregate demand
List and explain the determinants and influences of demand
Explain a demand schedule and illustrate by means of a demand curve
Demonstrate a change in any of the determinants of demand and interpret the outcomes using diagrams
Book page Workbook page Worksheet no Powerpoints Demand Student presentation Movement & shifts video Resources on scoilnet
KWHL KWL creator
pdsteconomics studystack
Q & A using Bloom’s prompts
Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL Interactive demand curve Worksheet
Revision resources
Class tests
Collated SEC exams & schemes
Exam questions
template doc STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Discuss Alfred Marshall’s contribution to
economic thought WRT consumer demand
Video how supply and demand affect the price of silver video on supply and demand of water, oil, jeans
Anticipation guide Demand recap video
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 5: PRODUCER SUPPLY (APPLICATION 2 OF RCT) WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Distinguish between individual supply and market/aggregate supply
List and explain the determinants and influences of supply
Explain the supply schedule and illustrate by means of a supply curve
Demonstrate a change in any of the determinants of supply and interpret the outcome using diagrams
Explain Say’s Law
Book page Workbook page Worksheet no Powerpoints Supply Student presentation Supply video Supply video 2 Movements & shifts in supply curves (scoilnet)
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL
Revision resources
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 6: THE MARKET MECHANISM (APPLICATION 3 OF RCT) WEEK: Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Explain and illustrate, by means of a diagram, equilibrium price and equilibrium quantity
Apply the tools of demand and supply analysis to price and quantity changes in markets
Discuss Alfred Marshall’s contribution to economic
thought WRT the market mechanism
Book page Workbook page Worksheet no Powerpoints Business 2,000 quiz Quiz on supply & demand
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL
Revision resources
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 7: THE FACTOR MARKETS (APPLICATION 4 OF RCT) WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Define each of the factors of production
Illustrate and explain the concept of derived demand
Demonstrate an understanding of the concepts of marginal revenue productivity (MRP) and marginal physical productivity (MPP)
Examine the factors that affect MRP and MPP
Demonstrate an understanding of that the demand curve for a factor of production is its MRP curve
Apply MRP theory to both perfect competition and monopoly/imperfect competition
Illustrate the concepts of supply price, economic rent, quasi economic rent and transfer prices
Book page Workbook page Worksheet no Powerpoints FOP matching exercise
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share Visual verbal square
Revision resources
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 8 (a): FACTORS OF PRODUCTION – LAND WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Define land as a factor of production
Give examples of land and state how they contribute to the production of wealth
Explain the economic characteristics of land
Explain why land is a unique factor of production
Explain why the demand for land is a derived demand
Illustrate and explain the concept of economic rent
Explain the factors that influence the price paid for land
Describe the factors that determine the location of a factory
Explain the factors leading to the price of property increasing/decreasing in Ireland
Book page Workbook page Worksheet no Powerpoints Land Sliderocket (NK) Land Sliderocket (NK) Irelands property crash Scoilnet Quiz
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL
Revision resources
Class tests
Collated SEC exams & schemes
Exam questions
template doc
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Discuss RICARDO’S contribution to economic thought
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
MICRO TOPIC 8 (b): FACTORS OF PRODUCTION – LABOUR WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension,
writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Define labour Illustrate and explain the concept of derived demand Demonstrate an understanding of MRP and MPP as they
relate to labour Examine the factors that affect the demand for labour by
an individual firm Illustrate by means of a diagram the relationship between
the wage rate and quantity demanded of labour Illustrate by means of a diagram the relationship between
the wage rate and the quantity supplied of labour Examine the factors affecting the mobility of labour Define geographical mobility and occupational mobility of
labour Illustrate and interpret the backward bending supply
curve of labour Illustrate and explain equilibrium wage level Examine the reasons for differences in wage rates Examine what factors make labour efficient.
DISTINGUISH BETWEEN Smith & Marx labour theory of vaue
Book page Workbook page Worksheet no Powerpoints Labour Student presentation
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL
Revision resources
Class tests
Collated SEC exams & schemes
Exam questions
template doc
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO: TOPIC 8 (c): FACTORS OF PRODUCTION – CAPITAL WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Define capital and explain why interest is the return
Examine why capital is needed in an economy
Explain the different types of capital
Illustrate an understanding of marginal efficiency of capital
Explain the factors that influence marginal efficiency of capital
Compare capital widening and capital deepening
Define savings and stage those who save in society
Explain the factors that influence the level of savings
Evaluate why savings are important
Define investment
Book page Workbook page Worksheet no Powerpoints Capital
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Revision resources
Class tests
Collated SEC exams & schemes
Exam questions
template doc
STUDYCLIX HL
STUDYCLIX OL
mindmap
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
State the factors that influence the level of investment in an economy
Examine why investment is important in an economy
Explain the loanable funds theory of interest rates
Explain the Keynesian theory of interest rates
Discuss Keynes & Marx’s contribution to economic
thought WRT capital
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 8 (d): FACTORS OF PRODUCTION – ENTERPRISE WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Explain profit, supernormal profit, enterprise and entrepreneur
Identify different risk-takers in the economy
Explain why enterprise is a unique factor of production
Demonstrate an understanding of the role of profit in an economy
Examine the role that entrepreneurs play in an economy
Identify the risks taken by businesses Apply the concept of economic rent to
enterprise
Book page Workbook page Worksheet no Powerpoints Enterprise & economic Rent
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Calculating economic rent & transfer earnings
Revision resources
Class tests
Collated SEC exams & schemes
Exam questions
template doc
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 9: ELASTICITY WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Explain the concept of elasticity
Explain price elasticity of demand (PED)
Calculate PED from given data using the supplied formula and interpret values for PED
Demonstrate an understanding of the usefulness of a knowledge of PED to the consumer, producer and government
Explain the factors that determine the PED of a good
Apply a knowledge of price elasticity to determine the effect of a change in price on a firm’s revenue and profits
Explain cross elasticity of demand (CED)
Calculate CED from given data using the supplied formula and interpret values for CED (substitute goods and complementary goods)
Book page Workbook page Worksheet no Powerpoints Elasticity of demand Elasticity of supply Student presentations WWTBAM on elasticity Resources on scoilnet Quiz on PED Elasticity of demand video
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Calculating PED YED CED Show-me board to practice drawing diagrams & AfL
Revision resources
Class tests
Collated SEC exams & schemes
Exam questions
template & answers doc
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Demonstrate an understanding of the significance of a knowledge of CED to a firm
Explain income elasticity of demand (YED)
Calculate YED from given data using the supplied formula and interpret values for YED (normal goods and inferior goods)
Apply a knowledge of income elasticity to determine the effect of a change in income on a firm’s sales
Explain price elasticity of supply (PES)
Calculate PES from given data using the supplied formula and interpret values for PES
Explain the factors that affect the PES of a good
Discuss Alfred Marshall’s contribution to economic
thought WRT elasticity
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO: TOPIC 10: COSTS WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Revision
& AoL
Explain the short run period
Explain the long run period
Define implicit, explicit and opportunity cost
Define, apply and interpret the law of diminishing returns
Explain, calculate and illustrate average fixed cost, average variable cost and average total cost
Explain, calculate and illustrate total, average and marginal revenue and marginal cost
Define and illustrate total profit and normal profit
Derive and illustrate the SRAC (or SAC) and account for its shape
Define and identify the point of optimum production
Derive and illustrate the LRAC and account for its shape
Analyse the reasons why businesses grow (economies of scale) and the constraints on growth (diseconomies of scale)
Examine the economic reasons for the survival of small firms in the Irish economy
Explain social costs and benefits
Analyse the short and long run profit-maximising conditions of a firm
Book page Workbook page Worksheet no Powerpoints Costs Costs of production (student presentation)
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Numeracy
Drawing diagrams Labeling diagrams Interpreting diagrams Calculating FC, VC, AC, MC, Diminishing Marginal Returns, TR, AR, MR
Revision resources
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
MICRO TOPIC 11 (a): MARKET STRUCTURES - PERFECT COMPETITION WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Explain, with examples, the theory of perfect competition
Describe and assess the assumptions underlying perfect competition
Illustrate, explain and interpret a firm’s demand curve
Describe the equilibrium for a perfectly competitive firm in the short run
Define and illustrate supernormal profits
Discuss why new firms enter the industry
Critically analyse the effects on equilibrium of new entrants
Describe, with the aid of a diagram, the equilibrium for a perfectly competitive firm in the long run
Book page Workbook page Worksheet no Competition made simple doc Powerpoints Drawing diagrams Perfect competition Student presentation
KWHL KWL creator Studystack Q & A using Bloom’s prompts Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL
Revision resources
Class tests
Collated
SEC exams &
schemes
Exam question template
doc
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Derive the supply curve for a perfectly competitive firm
Analyse perfect competition as a market from the point of view of consumers, producers and the use of scarce resources and as a model in understanding market structures
STUDYCLIX
HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 11 (b): MARKET STRUCTURES – MONOPOLY WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension,
writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Explain, with examples, the theory of monopoly
Describe and assess the assumptions underlying monopoly
Illustrate and explain the firm’s demand curve under monopoly
Describe, with the aid of a diagram, the equilibrium for a monopolist
Define and illustrate supernormal profits
Explain and illustrate profit-maximising output/price
Critically analyse monopoly as a market form from the point of view of consumers, producers and the use of scarce resources
Suggest ways as to how state monopolies could be made more effective
Compare and contrast the long run equilibrium position of perfect competition, monopoly and imperfect competition
Discuss the conditions necessary for price discrimination.
Distinguish between different types of price discrimination
Book page Workbook page Worksheet no Powerpoints Monoploy Price discrimination Youtube 7:01 - Barriers
Monopoly video Price discrimination clip Price discrimination graphic organiser Price discrimination summary
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL
Revision resources
Class tests
Collated SEC exams & schemes
Exam question
template & solutions doc
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 11 (c): MARKET STRUCTURES – OLIGOPOLY WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Explain, with examples, the theory of oligopoly
Describe the assumptions underlying oligopoly
Illustrate and explain the kinked demand curve
Describe the relationship between the demand and marginal revenue curves
Describe the long run equilibrium of an oligopolistic firm
Explain rigidity of prices
Explain the types of collusion that may occur in this market
Explain why firms may pursue goals other than profit maximisation
Explain price and non-price competition Describe price leadership
Book page Workbook page Worksheet no Powerpoints Oligopoy Oligopoly video Microsoft V Apple video Imperfect v oligopoly video
KWHL KWL creator pdsteconomics studystack
Q & A using Bloom’s prompts Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL
Revision resources
Class tests
Collated SEC exams & schemes
Exam question
template & solutions doc
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MICRO TOPIC 11 (d): MARKET STRUCTURES - IMPERFECT COMPETITION WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Explain, with examples, the theory of imperfect competition
Describe the assumptions underlying imperfect competition
Illustrate and explain the firm’s demand curves
Describe the equilibrium for an imperfectly competitive firm in the short run
Define and illustrate supernormal profits
Discuss why new firms may enter the industry
Analyse the effects on equilibrium of new entrants
Describe, with the aid of a diagram, the equilibrium for an imperfectly competitive firm in the long run
Illustrate and explain profit-maximising output/price
Analyse perfect competition as a market form from the point of view of consumers, producers and the use of scarce resources
Book page Workbook page Worksheet no Powerpoints Imperfect competition Monopolistic competition video Scoilnet Quiz Perfect V imperfect video Imperfect v oligopoly video
KWHL KWL creator pdsteconomics studystack Q & A using Bloom’s prompts Think-pair-share
Drawing diagrams Labeling diagrams Interpreting diagrams Show-me board to practice drawing diagrams & AfL
Revision resources
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Market structures grid for revision
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 12: NATIONAL INOME WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Explain national income
Define gross domestic product, gross national product and net national product
Describe the relationship between gross domestic product and gross national product
Explain net factor income and identify its main constituents in the case of the Irish economy
Demonstrate an understanding of the usefulness and limitations of national income statistics
Identify and explain the main determinants of aggregate demand
Describe the main factors influencing each of these determinants
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack Q & A using Bloom’s prompts Think-pair-share
Revision resources Class tests
Collated SEC exams & schemes
STUDYCLIX HL STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Examine the difficulties of raising aggregate demand in a small, open economy
Define, calculate and interpret MPC, MPT, MPS and MPM
Define the multiplier and explain the factors that influence it
Apply the multiplier formulae in an open and closed economy
Describe and illustrate the circular flow of income
Describe, with examples, injections and leakages to and from the circular flow of income
Evaluate changes in injections and leakages on the economy
Assess the impact of transfer payments on the circular flow of income
Critically analyse the impact of shocks to the circular flow of income
Calculate the change in national income given any injection and interpret the effects of such on the economy
Understand the impact of changes in injections/leakages on the multiplier and on the economy
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 13 (a): GOVERNMENT - ECONOMIC AIMS AND POLICIES WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Evaluate the government’s economic aims and objectives
Comment on the significance of those aims and objectives
Discuss the methods/instruments used in achieving these aims and objectives
Evaluate the possible conflict in achieving them simultaneously in a national and international context
Discuss the economic benefits and consequences of nationalisation and privatisation
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack
Studystack
Q & A using Bloom’s prompts
Think-pair-share
Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 13 (b): EMPLOYMENT WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Define full employment
Critically analyse the implications of full employment for the economy
Define unemployment and differentiate between the various types of unemployment
Describe the methods of measuring unemployment and explain their limitations
Examine the main causes of and suggest strategies for reducing unemployment in the Irish economy
Discuss the impact of unemployment on the Irish economy
Define under-employment
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack
Q & A using Bloom’s prompts
Think-pair-share Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Analyse/outline the impact of foreign-owned industry on the Irish economy
Analyse the economic effects of job sharing
Critically analyse the impact of the statutory minimum wage
Examine the effect of the black/shadow economy
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 13 (c) : GOVERNMENT – TAX & NATIONAL BUDGET WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy
Comprehension, writing, oral language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Define fiscal policy
Define and interpret deficit, surplus and balanced current budget
Identify the main sources of government current revenue/expenditure
Identify the size of government current spending/revenue
Describe and assess trends in and uses of government spending
Critically analyse how government spending influences our daily lives
Identify current government fiscal policy as announced in the most recent budget
Examine and evaluate current government fiscal policy
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack
Studystack
Q & A using Bloom’s
prompts
Think-pair-share
Revision resources
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 13 (d) : NATIONAL DEBT WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Identify and define exchequer borrowing requirement, public sector borrowing requirement, general government deficit and national debt
Examine and evaluate the reasons for state borrowing
Differentiate between external and internal national debt
List the functions of the NTMA
Identify, interpret and assess the changing debt/GDP ratio
Understand and critically analyse the impact of default
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack
Studystack
Q & A using Bloom’s prompts
Think-pair-share
Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 14: MONEY & BANKING WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language strategies
Numeracy
Language, estimation,
problem solving strategies
Revision
& AoL
Define money and legal tender
Analyse the functions that money performs and the properties required to fulfil this role successfully
Explain the main forms of money in use in a modern economy
Define monetary policy
Describe examples of cashless transactions
Outline the role of national financial institutions
Outline the current role and functions of the Central Bank
Outline the current role and functions of the European Central Bank (ECB)
Evaluate the ECB’s policies/actions on the Irish economy
Book page Workbook page Worksheet no PDST Powerpoints etc. Art attack money clip Biz/ed Economics TES-Business Economics tutor2u/economics/monet ary-polic
Sample Lesson Plans and
handouts
Wall Street Crash
simulator
Cartoon KWHL KWL creator Studystack Studystack Q & A using Bloom’s prompts Think-pair-share
Central bank tables on money and banking
An introduction to
interest, (will help
generate a
worksheet or offer a
focus point); Interest
for Saving
Active learning
about interest:
Simple Interest
Easy way to
demonstrate issues
concerning currency
exchange: Currency
Revision resources
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Critically analyse the suitability of these policies/actions on the Irish economy
Differentiate between the nominal interest rate and the real interest rate
Outline the factors that influence the rate of interest and their economic effects
Demonstrate how financial institutions can create credit
Analyse the changes in the demand and supply of money
Critically analyse the implications of an excess supply of credit on the economy
Examine how a financial institution reconciles liquidity with profitability
Evaluate the need for regulation of the financial sector
Notes in banking
(sparknotes)
Notes on money
(sparknotes)
Prime Time Investigation
on Meet the Bankers Part 1
Meet the Bankers Part 2
Meet the Bankers Part 3
Meet the Bankers Part 4
Meet the Bankers Part 5
Meet the Bankers Part 6
Converter (would be
useful to allow
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 15 : INFLATION & CPI WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Define price inflation
Calculate, from a given date, a weighted price index
Describe the construction of the consumer price index
Interpret and critically analyse changes in the consumer price index
Evaluate the usefulness and limitations of the consumer price index
Identify and explain the principal causes of inflation in the Irish economy
Describe the main policies available to control inflation
Describe the benefits of stable prices
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack
Studystack
Q & A using Bloom’s prompts
Think-pair-share
Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Describe what the HICP is and understand the difference between it and the CPI
Define deflation
Explain the Constant Tax Price Index
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 16 (a): INTERNATIONAL TRADE WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Understand imports, exports, invisible and visible exports and imports
Explain the balance of trade
Identify Ireland’s main exports, imports and main trading partners
Understand the importance of trade to the Irish economy
Examine the implications of Ireland being a small open economy
Analyse the effect of multinational corporations on Ireland’s trade
Understand and explain the advantages of specialisation and international trade
Examine the ways in which a country can enhance its competitveness
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator
Studystack
Studystack
Q & A using Bloom’s prompts
Think-pair-share Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Explain and illustrate the law of comparative advantage
Describe the sources of comparative advantage for Ireland
Critically analyse the limitations of the law of comparative advantage
Explain the terms of trade
Calculate the terms of trade and examine the benefits resulting from specialisation
Examine the impact on a country of changes in that country’s terms of trade
Describe the main barriers to trade
Understand the role of trading blocs in international trade
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 16 (b): THE GLOBAL ECONOMIC SYSTEM & The EU WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Evaluate the importance of membership for Ireland to the European Union
Discuss the role and function of European Institutions
Discuss the policies of the EU that are relevant to Ireland as an EU member state
Outline the role and functions of the World Bank
Outline the role and functions of the International Monetary Fund
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack
Q & A using Bloom’s prompts
Think-pair-share Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 16 (c): BALANCE OF PAYMENTS AND FOREIGN EXCHANGE WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral language
strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Define and identify the size of the balance of payments surplus (deficit)
Understand the basic composition of Ireland’s balance of payments account, including visible and invisible trade, the current account balance and capital flows
Understand multinationals’ impact on the balance of payments account
List and explain strategies that a government could undertake to reduce a balance of payments deficit or build a balance of payments surplus
State and explain the consequences for a balance of payments deficit and surplus
Define exchange rate
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack
Studystack
Q & A using Bloom’s prompts
Think-pair-share
Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Examine the history of exchange rates and the EMU
Understand how exchange rates are determined
Analyse the impact on the economy of changes in the euro exchange rate
Discuss the implications of fixed and variable exchange rates
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 17 : ECONOMIC GROWTH & DEVELOPMENT WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Describe the characteristics of least development countries (LDCs)
Examine the costs and benefits of economic development
Identify and evaluate current policies available for aiding development in developing countries
Define economic growth and economic development
Explain the meaning and significance of economic growth and economic development
Discuss the role of the UN Human Development Index (HDI)
Book page Workbook page Worksheet no PDST Powerpoints etc. How the world works
KWHL KWL creator
Studystack
Studystack
Q & A using Bloom’s prompts
Think-pair-share Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
MACRO TOPIC 18 : ECONOMICS OF POPULATION WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Illustrate the size, composition and trends of national population
Illustrate the size, composition and trends of global population
Define demography, overpopulation, underpopulation and optimum population
Define birth rate, fertility rate, death rate, infant mortality rate and life expectancy rate
Define density of population
Evaluate the economic effects of an aging population on the Irish economy
Illustrate the push and pull forces of migration
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack
Studystack
Q & A using Bloom’s prompts
Think-pair-share
Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
Analyse the consequences of an increase in emigration
Consider the implications of the changing structure and size of the Irish population
Outline the economic uses of a census of population in Ireland
Evaluate the importance of a census of population
Critically examine the influence of population on economic development and growth, both nationally and globally
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]
LEAVING CERTIFICATE ECONOMICS
TOPIC 19 : REVIEW OF THE HISTORY OF ECONOMIC THOUGHT WEEK:
Differentiated
Expected Learning Outcomes
The students will be able to do the following:
Syllabus
AfL & skills can be fostered through differentiated content, activities & methodologies
General Literacy Comprehension, writing, oral
language strategies
Numeracy
Language, estimation, problem solving strategies
Revision
& AoL
Create a mindmap of the economists, schools of thought and main ideas associated with each economist.
Book page Workbook page Worksheet no PDST Powerpoints etc.
KWHL KWL creator Studystack
Studystack
Q & A using Bloom’s prompts
Think-pair-share
Placement
Revision resources Exam outcome verbs
Class tests
Collated SEC exams & schemes
STUDYCLIX HL
STUDYCLIX OL
Thanks to PDST advisors, local facilitators and associates, teachers, students, PME students, lecturers and the SEC for use of resources. ALL resources are to be used at your own professional discretion. If you have any resources that you wish to contribute, any comment you wish to make or any alterations you wish to suggest please email [email protected]