economics - year 12

“The difficulty lies, not in the new ideas, but in escaping from the old ones”

– John Maynard Keynes –

Autumn		Spring		Summer
Micro Economics	Macro Economics	Micro Economics	Macro Economics	Micro Economics	Macro Economics
Economic methodology and the economic problem Individual economic decision making Price determination in a competitive market	The measurement of macroeconomic performance How the macroeconomy works: the circular flow of income and AD/AS analysis	Mid-year assessment The market mechanism and market failure	Mid-year assessment Economic performance Introduction to policies – monetary, fiscal, supply side	Government intervention in markets The distribution of income and wealth: poverty and inequality End of year exam	Economic performance End of year exam

Autumn
Micro Economics	Macro Economics
Economic methodology and the economic problem Individual economic decision making Price determination in a competitive market	The measurement of macroeconomic performance How the macroeconomy works: the circular flow of income and AD/AS analysis

Spring
Micro Economics	Macro Economics
Mid-year assessment The market mechanism and market failure	Mid-year assessment Economic performance Introduction to policies – monetary, fiscal, supply side

Summer
Micro Economics	Macro Economics
Government intervention in markets The distribution of income and wealth: poverty and inequality End of year exam	Economic performance End of year exam

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