PLAN 2024-2025 | ||||||||
Economics Subject Code: 9708 AS Levels | ||||||||
Foundation Course | ||||||||
Students will be able to use critical thinking skills within the discipline of economics about economic matters. Present viewpoints and alternative hypothesis on economic issues. Recognize underlying assumptions in economic models. Demonstrate ability to use the economic tools of analysis. Powe Point and presentations and other visual aids will be used in week lecture as per need. During every week Past Paper topical questions will be discussed and Quiz will be taken. | ||||||||
Week | Topic Details | |||||||
Week 1 | 1-6 July | 1.1 Scarcity, choice and opportunity cost | ||||||
Week 2 | 1-6 July | 1.2 Economic methodology 1.3 Factors of production | ||||||
Week 3 | 8-13 July | 1.4 Resource allocation in different economic systems | ||||||
Week 4 | 8-13 July | 1.5 Production possibility curves | ||||||
Week 5 | 15-20 July | 1.6 Classification of goods and services | ||||||
Week 6 | 15-20 July | 2.1 Demand and supply curves | ||||||
Week 7 | 22-27 July | 2.2 Price elasticity, income elasticity and cross elasticity of demand 2.3 Price elasticity of supply | ||||||
Week 8 | 22-27 July | 2.4 The interaction of demand and supply | ||||||
Week 9 | 29 July – 3 Aug | 2.5 Consumer and producer surplus | ||||||
Week 10 | 29 July – 3 Aug | 3.1 Reasons for government intervention in markets 3.2 Methods and effects of government intervention in markets | ||||||
Week 11 | 5 – 10 Aug | 3.3 Addressing income and wealth inequality | ||||||
Week 12 | 5 – 10 Aug | 4.1 National income statistics 4.2 Introduction to the circular flow of income | ||||||
Week 13 | 12 – 17 Aug | 4.3 Aggregate Demand and Aggregate Supply analysis | ||||||
Week 14 | 12 – 17 Aug | 4.4 Economic growth | ||||||
Week 15 | 19 – 24 Aug | 4.5 Unemployment | ||||||
Week 16 | 19 – 24 Aug | 4.6 Price stability | ||||||
Week 17 | 26 – 31 Aug | 5.1 Government macroeconomic policy objectives | ||||||
Week 18 | 26 – 31 Aug | 5.2 Fiscal policy | ||||||
Week 19 | 2 – 7 Sep | 5.3 Monetary policy | ||||||
Week 20 | 2 – 7 Sep | 5.4 Supply-side policy | ||||||
Week 21 | 9 – 14 Sep | 6.1 The reasons for international trade | ||||||
Week 22 | 9 – 14 Sep | 6.2 Protectionism | ||||||
Week 23 | 16 – 21 Sep | 6.3 Current account of the balance of payments | ||||||
Week 24 | 16 – 21 Sep | 6.4 Exchange rates | ||||||
Week 25 | 23 – 28 Sep | Policies to correct imbalances in the current account of the balance of payments | ||||||
Week 26 | 23 – 28 Sep | Revision |