Economics- Lesson Schedule (DP2)

Final Exam Preparation (May 2022)
Week	Lesson	Guidelines	Formula Sheet	Practice Exam
Week 0	Paper 1
	Paper 2
	Paper 3
	Review Sheets
	Textbook

Internal Assessment
Week	Lesson	Guidelines	Readings	Exemplars
Week 0	Guidelines		-
	Choosing an Article		-	-
	Structuring the IA		-	-

Unit 1: Microeconomics
Week	Lesson	Files	Media	Readings	Homework
Week- 1	Course Overview		–	–
Week- 2	1.1 - The nature of economics			–	–
	1.2 - Three basic economic questions			–	–
Week- 3	1.3 - Understanding the world by use of models			–	–
	1.4 - The method of economics			–
Week- 4	2.1/2.2 - Demand			Pg 43 – 49
	2.3 - Supply			Pg 49 – 57
	2.4 - Market equilibrium			Pg 57 – 65
	2.5 - Critique of maximizing behaviour			Pg 72 – 81
Week- 5	3.1- Price Elasticity of Demand			Pg 85 – 97
	3.2- Income (YED) and Cross-Price Elasticity of Demand (XED)			Pg 97 – 103
	3.3- Price elasticity of supply (PES)			Pg 104 – 110
	4.1- Government Intervention			Pg 112 – 114
	4.2- Price Controls			Pg 114 – 127
Week- 6	4.3 - Indirect Taxation			Pg 72 – 75
	4.4 - Subsidies			Pg 134 – 142
	5.1 - Common Pool Resources			Pg 143 – 146
	5.2 - Pareto Optimality and Externalities			Pg 147 – 149
	5.3 - Negative Externalities of Production			Pg 150 – 163
	5.4 - Negative Externalities of Consumption			Pg 164 – 172
	6.1 - Positive Externalities of Production			Pg 174 – 176
	6.2 - Positive Externalities of Consumption			Pg 177 – 184
	6.4 - Asymmetric Information			Pg 187 - 191
	7.1 - Market Structures			Pg 196 - 198
	7.2 - Profit Maximization			Pg 199 - 207
	7.3 - Perfect Competition			Pg 207 - 215
	7.4 - Monopoly			Pg 215 - 224
	7.5 - Monopolistic Competition			Pg 225 - 229
	7.6 - Oligopoly			Pg 230 - 237
	7.7 - Government Intervention: Market Abuses			Pg 239 - 245
Full Notes	Microeconomics
Full Notes	Theory of the Firm

Unit 2: Macroeconomics
Week	Lesson	Files	Media	Readings	Homework
Week- 1	8.1 - Economic Activity			Pg 248 - 250
	8.2 - Measures of Economic Activity			Pg 250 - 255
	8.3 - National Income Accounting: Calculations			Pg 256 - 259
Week- 2	8.4 - Business Cycle			Pg 260 - 262
	8.5 - National Income: Alternative Measures			Pg 264 - 268
	9.1 - Aggregate Demand			Pg 272 - 275
	9.2 - Short-run Aggregate Supply			Pg 276 - 280
	9.3 - Long-run Aggregate Supply: Monetarist Model			Pg 281 - 286
	9.4 - Aggregate Supply in the Keynesian Model			Pg 286 - 289
	10.1 - Low Unemployment			Pg 298 - 307
	10.2 - Low and Stable rate of Inflation			Pg 308 - 321
	10.3 - Phillips Curve			Pg 322 - 327
	11.1 - Economic growth			Pg 332 - 345
	11.2 - Sustainable level of debt			Pg 345 - 351
	12.1 - Inequality			Pg 352 - 358
	12.2 - Poverty			Pg 352 - 384
	13.2 - Monetary Policy			Pg 386 - 397
	13.3 -Fiscal Policy			Pg 398 - 411
	13.4 - Supply-side Policies			Pg 412 - 430
	Full Notes			-

Unit 4: International Economics
Week	Lesson	Files	Media	Readings	Homework
Week 1	14.1 - Benefits of Trade			Pg 431 – 438
	14.2 - Law of Comparative Advantage			Pg 438 – 444
	14.3 - Types of Trade Protection			Pg 444 - 463
	15.1 - Arguments for Protectionism			Pg 464 - 471
	15.2/15.3 - Economic Integration			Pg 472 - 483
	15.4 - World Trade Organization			Pg 483 - 489
	16.1 - Floating Exchange Rates			Pg 490 - 497
	16.2/16.3 - Fixed Exchange Rates			Pg 500 – 508
	16.4 - Balance of Payments			Pg 509 – 516
	17.1/3 - Current Account and Exchange Rates			Pg 517 – 529
	17.4 - Current Account Deficits			Pg 530 – 537
	Full Notes			-

Unit 3: Development Economics
Week	Lesson	Files	Media	Readings	Homework
Week 1	18.1 - Mesuring Development			Pg 540 – 562
	19.1 - Poverty Cycles			Pg 564 – 581
	20.1 - International Trade Strategies			Pg 594 – 606
	20.4- Interventionist Strategies			Pg 606 – 611
	20.5- Foreign Aid			Pg 506 - 523
Full Notes	Unit 5: Development Economics			Pg 540 – 611

Paper 3
Week	Lesson	Files	Readings	Homework
Week 1	Linear Supply & Demand Functions		Pg 33 – 38
	Market Equilibrium		Pg 38 – 39
	Subsidies & Taxation		Pg 75 – 88
	Subsidies & Taxation		Pg 75 – 88
Week 2	Price Floors & Ceilings		Pg 92 – 100
	Elasticities (PED/PES/XED/YED)		Pg 59 – 66
	Production & Costs in the Short-run		Pg 143 – 144, 149 - 150
	Revenue & Economic Profit		Pg 157, 171, 180
	Measures of Economic Activity		Pg 227 - 230, 260 - 264
	Macroeconomic Objectives		Pg 283 - 286, 293 - 294
	Comparataive & Absolute Advantage		Pg 356 - 358
	Protectionist Policies		Pg 367 - 368, 371 - 372
Full Notes	Paper 3		-