YEAR 12 ECONOMICS COURSE SYLLABUS
The 11 Level Economics syllabus aims to enable candidates to understand economic terminology, concepts and theories, use basic economic numeracy and interpret economic data, use the tools of economic analysis, express economic ideas logically and clearly in a written form & apply economic understanding to current economic issues. This course also develops skills of communication, analysis, interpretation, and presentation of both qualitative and quantitative economics data information by creating a link to real-life examples.
The aims are to enable students to:
- know and understand economic terminology, concepts, and theories
- use basic economic numeracy and interpret economic data
- use the tools of economic analysis
- express economic ideas logically and clearly in a written form
- apply economic understanding to current economic issues.
Section 6 International trade and globalization
Approximate length: 7 weeks
This unit describes the advantages and disadvantages of specialization at regional and national levels, making use of the concepts of absolute and comparative advantage. It then considers the structure of the current account of the balance of payments. The causes and consequences of current account deficits and surpluses are examined. The causes and consequences of exchange rate fluctuations are also considered. Finally, it explores how domestic industries can be protected from foreign competition and the contrasting merits of protectionism and free trade.
Cambridge International Curriculum Standards
- To be able to describe the benefits and disadvantages of specialization
- To be able to describe the structure of the current account of the balance of payments.
- To be able to discuss the causes and consequences of current account deficits and surpluses.
- Should be able to define exchange rates.
- To be able to discuss the causes and consequences of exchange rate fluctuations.
- To be able to describe methods of protection.
- To be able to discuss the merits of free trade and protection.
Past and specimen papers
Approximate length: 6 weeks
Revision for Mock exams
General teaching methodologies will include Online and Face to Face (Blended) learning, Face to face students will be in class while online learners will log in remotely and follow the instructor, who will have the laptop camera facing the smartboard. Teaching will be done using a combination of writing and illustrating on the smartboard and PowerPoint presentations. This should include a combination of oral and visual methods to differentiate instruction modes to cater to student preferences effectively.
Use of Phoenix to allocate differentiated activities catering to varying learning abilities of the students – these online activities will include quizzes, assignments, research-based projects, digital group activities and formative tests.
Feedback to students will be given through the Gems Phoenix platform. Feedback will include rubrics, teacher, and peer marking.
Questions from students – time allocated to allow students the opportunity to ask questions and give written and oral feedback through digital platforms.