Embedded Files
Year 12
Year 12
Task 1 - Listen to this podcast on Adam Smith. Produce notes on key facts. Also available on Spotify.
Season 1 Episode 1 - Adam Smith
Season 1 Episode 1 - Adam Smith
https://podcasts.apple.com/gb/podcast/season-1-episode-1-adam-smith/id1450116373?i=1000428057367
Task 2 - Nobel Prize
Research the 2022 winners of the Nobel prize for economics.
Produce a one page summary of the work of one other Nobel prize winner of your choice.
https://en.wikipedia.org/wiki/List_of_Nobel_Memorial_Prize_laureates_in_Economics
Task 3 - Subsidy
In this lesson you will be collecting real case information about subsidies. We have already looked at these briefly, but we will return to the topic again at the end of the module.
https://www.tutor2u.net/economics/blog/subsidies-row-over-germanys-public-transport-ticket-jumping-from-9-to-49 - open this link and read the blog post. Open the link to the Guardian story and make notes on this which you could use in future to add examples to essays on subsidies.
https://www.tutor2u.net/economics/blog/steel-and-planes-should-the-uk-government-subsidise-the-transition-to-green-energy?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_3b5b5f90552a041f3d47ab9d20c11e26&utm_source=CampMonitor&utm_term=Steel%20and%20Planes%20-%20Should%20the%20UK%20government%20subsidise%20the%20transition%20to%20green%20energy -open this link and read the blog post. Make notes on these examples which you could use in future to add examples to essays on subsidies. (You may not be able to access the FT stories themselves - I am looking at whether we can access for free!).
https://www.theguardian.com/business/2022/jun/14/government-pulls-plug-on-its-remaining-uk-electric-car-subsidies - open this link and read the story. Make notes on this which you could use in future to add examples to essays on subsidies
Task 4 - Continue with Elasticity Practice - see GC
Task 5 - See Google Classroom and engage in additional elasticity practice - either 'elastic or inelastic' questions, or MCQ.
Task 6 - Please spend time working on your '8 sheets' work, as detailed on the GC.
Task 7 - Please carry out additional research on behavioural economics / irrational consumer behaviour.
See some key terms here which would be good search terms - https://drive.google.com/file/d/16TgglQkDkW9tZRJEz0wV0jdq-0hzCFBu/view?usp=drive_link
Also explore what is out there on tutor2u.
Investigate the work of Daniel Kahneman and Dan Ariely.
What's a 'nudge'? How can governments use insights from behavioural economics to achieve their objectives and correct market failure? (in addition to or instead of traditional 8 interventions).
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Task - - Read the chapter provided on the 'Basic Economic Problem'. Highlight key ideas. Write answers to question 3a and 3b
Task 3 - Answer the supply and demand multiple choice questions linked below. Q13 and 19 might be too tricky! Research - composite demand and inferior goods so you can answer the questions about those.
Bring list of answers to class on Thursday.
e.g. 1 - D 2 - E 3 - C - etc
Task 6 - 22nd Nov
Listen to this podcast on the Cost of Living Crisis from Economics in Ten. Produce notes on key facts. Also available on Spotify.
https://podcasts.apple.com/gb/podcast/economics-in-ten/id1450116373?i=1000553833619
Task 7 - 6th Dec
Re-read your notes on the price mechanism. Read the case study below on organic farming and write answers to questions 1-3.
Task 8 - 31st January
Please read the following articles about government intervention and add examples to your notes so that you can drop them into essays as and when required!
Task 9 - 21st February
Please read the following articles about government intervention and add examples to your notes so that you can drop them into essays as and when required!
Task 10 - 7th March
Complete these questions - https://docs.google.com/document/d/1mgvgrW7EHn-K9SD42ntvZAQv-7VbEfYQWQ0Fv5QYDxQ/edit
Task 11 - 21st March
Read the first 4 pages of the handout here called 'National Happiness'. Make notes on key ideas. Do some of the suggested research tasks.
https://drive.google.com/drive/folders/1W0f2PDdt-6AKyu-WNqQNUIvZy088zaAq
Task 12 - 18th April
Please read this document on measuring unemployment (note: it does need a little updating re. JSA - now universal credit - and does need current data which can be found on ONS website! - the theory is what you need though! https://docs.google.com/document/d/1Bn3chAVrKlidi3D2QTdxcpedQzkHohL8/edit#
Task 13 - 6th June
Using a media outlet of your choosing please bring an article to class that you can lead on a group discussion - think about how an economic factor might impact on consumers, businesses and the government e.g. rise in inflation etc. and how through questioning you can create a debate e.g. should the government increase tax on higher earners.
Supply and Demand.pdfYear 13
Year 13
Task 1:
Please listen to the attached podcast: https://podcasts.apple.com/gb/podcast/happiness-special/id1450116373?i=1000431025573
Make sure to consider how this topic comes under the umbrella of 'economic growth' (2.1.1.) on the specification.
Task 2:
Using a media outlet of your choosing please bring an article to class that you can lead on a group discussion - think about how an economic factor might impact on consumers, businesses and the government e.g. rise in inflation etc. and how through questioning you can create a debate e.g. should the government increase tax on higher earners.
Task 3:
Please listen to the attached podcast: https://podcasts.apple.com/gb/podcast/inequality-special/id1450116373?i=1000508725716
Inequality 4.2.2
a) Distinction between wealth and income inequality
b) Measurements of income inequality:
o the Lorenz curve (diagrammatic analysis)
o the Gini coefficient
c) Causes of income and wealth inequality within countries and between countries
d) Impact of economic change and development on inequality
e) Significance of capitalism for inequality
Task 4:
https://www.bbc.co.uk/iplayer/episode/m0017qv0/panorama-why-is-food-so-expensive
Task 5:
https://www.bbc.co.uk/sounds/play/m001fd26 - please listen to and make notes
Task 6:
Carry out research and create a PowerPoint on the trade deals the UK have made/are trying to make since leaving the European Union.
Task 7:
When it comes to economic policy making, there are two big levers that a government can pull - monetary policy and fiscal policy. In this new special by your friendly neighbourhood economists Pete and Gav, they delve into the first of these, monetary policy.
https://podcasts.apple.com/gb/podcast/monetary-policy-special/id1450116373?i=1000581353016
Task 8:
When it comes to influencing the macroeconomy, governments have two big levers at their disposal - monetary policy and fiscal policy. In this new special by Pete and Gav, your friendly neighbourhood economists, we delve into the second of these, fiscal policy.
https://podcasts.apple.com/gb/podcast/fiscal-policy-special/id1450116373?i=1000586063046
Task 9:
Using a media outlet of your choosing please bring an article to class that you can lead on a group discussion - think about how an economic factor might impact on consumers, businesses and the government e.g. rise in inflation etc. and how through questioning you can create a debate e.g. should the government increase tax on higher earners.
Task 10:
Surviving the Pay Squeeze - Millions in the UK feel that their wages are not keeping up with the cost of living. As public sector workers continue to take strike action, Ros Atkins asks why so many people are feeling so poor.
https://www.bbc.co.uk/programmes/m001kb3w
Task 11:
Credit Suisse: what next for the crisis-hit bank? | FT Film
Credit Suisse: what next for the crisis-hit bank? | FT Film
The Credit Suisse story is about how finance went wrong at one of Switzerland's most important institutions and one of the most important banks in Europe. It's a tale of high-profile scandals, from corporate espionage to cocaine smugglers and oligarchs. But what does the future hold for the venerable institution? Credit Suisse's new chairman, Financial Times reporters and banking industry experts explain it all https://www.youtube.com/watch?v=PyuUc74Qdzs
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