Y12 Economics

1. Year 12 Economics
Snap SOW for each topic in chronological order : Microeconomics
1. Economic methodology, the economic
problem
2. Price determination in a competitive market
3. Production, costs and revenue
4. The market mechanism
5. Market failure and government intervention

2. Understand the economic
problems lies at the heart of
economics.
Understand the importance of
opportunity cost within the
subject.
AIM HIGH OPPORTUNITIES
Be aware of current economic
issues to find current examples
of the economic problem
Key words and phrases: economic problem, normative and
positive statements, social science, economic methodology, free
market, mixed and command economies, production possibility
curve, opportunity cost, resources, factors of production.
Calculation of percentage
changes
IMAGE GALLERY:
1. Economic problem
2. Economics as a social
science and differences
in methodology from
natural and other
sciences
3. Positive and normative
statements
4. PPF and opportunity
cost
5. Allocative and
productive efficiency
6. Types of economies
Tasks that will be assessed
• Data response questions
• Multiple choice questions
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from textbook
pages 15, 24, 31,32,40
• Tutor2U worksheets on PPC
• Renewable and non-renewable
resources pg. 23
• AS Level Paper 1 –High Speed 2
(HS2)
• Revision for end of topic test
NOTES:
As with all economics topics, the need to learn
concepts precisely in order to use them accurately is
vital
SnapSOW – Subject Topic: Economic methodology, the economic problem year 12
LINKS TO PREVIOUS LEARNING:
Start of course but links made to preparatory work
set over summer term
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:
Powerpoints (Introduction to
economics) available on
SharePoint
Tutor2U worksheets
Textbook Year 12 Units 1-5
G-economics on- line lesson
on PPC

3. Understand that prices are
determined in a free market by
the forces of demand and
supply.
Understand what causes
demand and supply to change
and what determines the size
of price changes
AIM HIGH OPPORTUNITIES
Through wider reading,
evaluate the importance of
elasticity.
Key words and phrases: demand, price determination,
determinants of demand, substitutes, complements, price
elasticity of demand, income elasticity of demand, cross price
elasticity of demand, supply, inferior goods, normal goods, price
elasticity of supply, market equilibrium,
Calculate
Ped,
Yed,
Ced
Pes and explain what the
figures mean.
IMAGE GALLERY:
1. Explain demand and the
determinants of demand
2. Draw the demand curve and
explain shifts
3. Calculate and explain Ped,
Yed, Ced and apply to exam
questions
4. Explain factors affecting
various elasticities
5. Explain supply and the
determinants of supply
6. Draw the supply curve and
explain movement/shifts
7. Calculate Pes and apply to
questions
8. Price determination and
factors affecting market
price
PP: Price determination in a
competitive
Work sheets on theory of demand,
elasticities of demand, theory of
supply, price elasticity of supply
and equilibrium price
Textbook: units 6-11
Tasks that will be assessed
• Data response questions
• Multiple choice questions
• Calculation questions
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from textbook
page 213
• Tutor2U worksheets
• Number crunching pg. 73
• AS Level January 2010 part c
• The demand for and supply of
fish in the UK pg. 113
• Multiple choice questions –Price
determination
NOTES:
Please ensure that all formulas are learnt and
diagrams are practised carefully
SnapSOW – Price determination in a competitive market year 12
LINKS TO PREVIOUS LEARNING:
Link to features of a free market.
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:

4. Understand the concepts of
specialisation and division of
labour and the extent to which
they are beneficial to
economic agents. Understand
types of costs in the short run
and long run. Understand
types of revenue.
AIM HIGH OPPORTUNITIES
Through wider reading,
establish how the cost curves
are derived.
Key words and phrases: specialisation, division of labour, short
run, long run, fixed costs, variable costs, marginal costs, total
costs, productivity, production, average revenue, total revenue,
marginal revenue, economies of scale and diseconomies of scale,
profit, normal profit, supernormal profit.
Calculate
Fixed costs
Variable costs
Marginal costs
Total costs
Total revenue
Average revenue
Marginal revenue
Average total costs
.
IMAGE GALLERY:
1. Distinguish production and
productivity
2. Explain specialisation and
evaluate division of labour
3. Calculate and explain fixed,
variable, average total costs
4. Explain EOS and disEOS
5. Explain types of EOS and
explain how the LRATC
curve is derived
6. Explain the types of disEOS
7. Calculate average revenue,
total revenue and marginal
revenue
8. Explain why ATR is the
demand curve
9. Calculate profit and
understand supernormal
PP: Costs and revenue
Work sheets on specialisation and
division of labour, costs table
Textbook: units 12-16
Tasks that will be assessed
• Data response questions
• Multiple choice questions
• Calculation questions
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from textbook
pages 136, 142, 148, 158, 166,
213
• Tutor2U worksheets
• Number crunching-cost table
• Economies of scale in shipping
pg. 157
• Multiple choice questions –Costs
• AS Level paper-The Apple ipad
pg. 167
NOTES:
Please ensure that all formulas are learnt and
diagrams are practised carefully
SnapSOW – Production, costs and revenue year 12
LINKS TO PREVIOUS LEARNING:
Link to PPF learning.
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:

5. Understand how the
free markets and prices
allocate resources.
AIM HIGH
OPPORTUNITIES
Apply the theory above
to the rise and fall of
the UK coal industry
Key words and phrases: the rationing function, the
signalling function, the incentive function
N/A
IMAGE GALLERY:
1. The rationing
function
2. The incentive
function
3. The signalling
function
4. How the price
mechanism resolves
the basic economic
problem in a market
economy
PP: The functions of the
price mechanism
Tasks that will be assessed
• Essay paragraph
• Multiple choice questions
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from
textbook page 213
• Write a paragraph on how
the price mechanism would
allocate resources in the
NHS.
NOTES:
Please ensure that all in an essay these concepts are
applied to the context and not just explained.
SnapSOW – Market mechanism year 12
LINKS TO PREVIOUS LEARNING:
Link to price determination in a free market.
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:

6. Understand what is meant by
market failure and the types of
market failure.
Analyse and evaluate types of
government intervention.
Introduce the role of
behavioural economics.
Define and explain the reasons
and consequences of
government failure.
AIM HIGH OPPORTUNITIES
Apply theory to current
economic issues e.g. plastics
Key words and phrases: market failure, partial market failure,
public goods, merit goods, demerit goods, negative and positive
externalities, marginal social benefit, marginal social cost, property
rights, bounded rationality, bounded self control, choice
architecture, framing, altruism, default choices, regulatory capture
Work out the value of
negative and positive
externalities and social costs
and social benefits.
IMAGE GALLERY:
1. Define market failure
2. Explain the role of private
and public goods.
3. Explain merit/demerit goods
4. Introduce diagrams of
market failure
5. Analyse market
imperfections and link to
market failure
6. Introduce aspects of
behavioural economic
theory
7. Explain and evaluate
methods of traditional
government intervention
and behavioural economics
8. Explain reasons and
consequences of
government failure.
PP: market failure and government
intervention
On-line lessons: information
provision, maximum and minimum
prices, permits, government failure
Textbook: Unit 29
Worksheets: Merit goods and
demerit goods, minimum and
maximum prices
Tasks that will be assessed
• Data response questions
• Multiple choice questions
• Calculation questions
• Essays
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from textbook
pages 220, 226, 223,239, 245,
265
• Tutor2U worksheets
• Multiple choice questions –
Market failure
• Essay –June 2017, June 2018
• AS data question : Charging for
the NHS
NOTES:
Please ensure that all definitions are learnt and
diagrams are practised carefully
SnapSOW – Market failure and government intervention year 12
LINKS TO PREVIOUS LEARNING:
Link to free market economy.
2020
FOCI:
LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:

7. Unit 2 (macroeconomics)
Snap SOW for each topic in chronological order : Macroeconomics
1. The objectives of government economic policy
2. The circular flow of income, aggregate demand and
aggregate supply
3. Economic growth and the economic cycle
4. Inflation and deflation
5. Employment and unemployment
6. Macroeconomic policies

8. State the objectives of gov
macroeconomic policy and
understand the
macroeconomic indicators.
Evaluate the limitations of
national income data to assess
living standards
Explain and calculate index
data
AIM HIGH OPPORTUNITIES
Research current economic
data to evaluate the
performance of economy
Key words and phrases: real GDP, real GDP per capita. CPI, RPI,
claimant count, ILO, inflation, unemployment, labour market,
productivity, production, current account on balance of payments,
price stability, short run, long run growth, recession, budget
deficit, budget surplus, equitable distribution of income.
Calculate:
GDP annual percentage
growth
Real GDP
GDP per capita
Current account balance
Index numbers
Weighted price index
.
IMAGE GALLERY:
1. State macroeconomic
objectives
2. Explain the data used to
measure the performance
of the economy-real GDP,
real GDP per capita, CPI,
RPI, measures of
unemployment, productivity
and current a/c on BOP
3. State the use and limitations
of national income data to
compare living standards
over time
4. Explain how index numbers
are calculated and
interpreted
PP: Macroeconomic
objectives and performance
indicators
Work sheets on national
income and index numbers
Textbook: units 32 and 33
Tasks that will be assessed
• Data response questions
• Multiple choice questions
• Calculation questions
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from textbook
pages 287,301,310
• Tutor2U worksheets
• Number crunching-earnings in
the UK 2008-2014
• Multiple choice questions
• AS Level-Measuring the
performance of the UK economy
NOTES:
Please ensure that all formulas are learnt and
calculations are practised
SnapSOW – The objectives of government economic policy year 12
LINKS TO PREVIOUS LEARNING:
Link to mixed economy
2020
FOCI:
LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:

9. Explain the circular flow of
income model
Use AD/AS diagrams to
illustrate macroeconomic
equilibrium
AIM HIGH OPPORTUNITIES
Apply to current economic
situation.
Key words and phrases: the circular flow of income,
withdrawals/leakages, injections, aggregate demand, investment, net
exports, consumption, savings, MPC, APC, capital stock, capital
consumption, multiplier, marginal propensity to withdraw, aggregate
supply, SRAS, LRAS, productive capacity, macroeconomic equilibrium
Calculate:
The multiplier using a
variety of formula
Apply to problem type
questions.
IMAGE GALLERY:
1. Explain the circular flow of
income
2. State what is meant by AD
and its determinants
3. State factors that shifts AD
and analyse these
4. Explain the multiplier
effect and calculate the
value of it
5. State the determinants of
the SRAS curve and factors
that shift it
6. Explain the determinants
of the LRAS curve and
explain the position of the
vertical LRAS
7. Use AD/AS to show macro
equilibrium.
PP: The circular flow of
income and AD/AS
Textbook: 34-37
Worksheets on AD/AS
Tasks that will be assessed
• Exam question on
multiplier-9 mark
questions
• Multiple choice questions
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from
textbook page 324, 341,
351, 364
• Complete worksheets on
aggregate demand,
aggregate supply, multiplier
• Exam question –context 2
2019
NOTES:
Ensure you learn the structure to explaining AD/AS
diagrams and learn the different labels compared to
a micro diagram.
SnapSOW – The circular flow of income, aggregate demand and aggregate supply
LINKS TO PREVIOUS LEARNING:
Macroeconomic objectives
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:

10. The focus is on analysing the
different types of growth and
its importance to the
macroeconomy. The impact of
negative and positive
economic shocks is also
discussed.
AIM HIGH OPPORTUNITIES
Apply the theory to the UK
context in last 10 years
Key words and phrases: short-run economic growth,
long-run growth, trend rate of economic growth, the
economic cycle, output gaps, negative economic shocks,
positive economic shocks
N/A
IMAGE GALLERY:
1. Explain the difference
between the short-run and
long-run growth
2. Discuss the various demand-
side and supply-side
determinants of growth
3. Explain the economic cycle
and causes of changes in the
phases
4. Distinguish between positive
and negative output gaps
4. Explain and illustrate
positive and negative shocks
4. Discuss costs and benefits of
economic growth
PP: economic growth
and the economic cycle
Textbook: Unit 38
Worksheets: economic
growth, shocks and
output gaps.
Tasks that will be assessed
• Data response questions
• Multiple choice questions
• Essay
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from
textbook page 379
• Data response question
2019
• Essay: Discuss the costs and
benefits of economic growth
• Economic growth multiple
choice and worksheets
NOTES:
Please ensure that an analysis of economic growth
refers to the type of growth
SnapSOW – Economic growth and the economic cycle year 12
LINKS TO PREVIOUS LEARNING:
Link to AD/AS analysis
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:

11. Understand the
causes/types of inflation
and the costs/benefits
of inflation.
AIM HIGH
OPPORTUNITIES
Apply the theory above
to the UK in the last ten
years.
Key words and phrases: inflation, disinflation, deflation,
demand-pull, cost-push inflation, QTM, Fischer’s
equation of exchange, inflationary expectations
N/A
IMAGE GALLERY:
1. Distinguish between
inflation and deflation
2. How demand-pull and
cost-push influence the
price level
3. Analyse how changes in
world commodity prices,
and other economies
affect inflation
4. Analyse how Fischer’s
equation of exchange MV=
PQ
5. Explain effects of
expectations on changes in
the price level
6. Analyse effects of deflation
7. Discuss the costs/benefits
of inflation
PP: Inflation
EconplusDal –Causes of
inflation, youtube
Worksheets: Inflation and
deflation
Text: Unit 39
Tasks that will be assessed
• Essay
• Data response question
• Multiple choice questions
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from textbook pg.
402
• Worksheets : inflation, deflation,
inflation and deflation
• Essay June 2019
a) Discuss the main causes of inflation
b) Evaluate the view that inflation is
always preferable to deflation
• Question 1-5 pg. 424
NOTES:
Please ensure that in an essay these concepts are
applied to the context and not just explained.
SnapSOW – Inflation and deflation year 12
LINKS TO PREVIOUS LEARNING:
Link to definitions of unemployment, AD/AS and
measures of inflation.
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:

12. Explain types/causes of
unemployment and discuss
the consequences on
individuals and the economy
AIM HIGH OPPORTUNITIES
Apply the theory above to
UK unemployment in the
last 10 years.
Key words and phrases: voluntary, involuntary
unemployment, seasonal, frictional, structural, cyclical
unemployment, real wage unemployment
Calculate:
Rate of unemployment
Size of the labour force
Rate of employment
The participation rate
IMAGE GALLERY:
1. The concepts of
voluntary and
involuntary
unemployment
2. Explain the types of
unemployment
3. Explain why
employment may be
determined by demand-
side and supply side-
factors
4. Discuss the
consequences of
unemployment for
individuals and for
performance of the
economy
PP: Unemployment
Worksheets:
Employment and
unemployment
Textbook : unit 39
Tasks that will be assessed
• Essays
• Multiple choice questions
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Review questions from
textbook page 391
• Essay from exam paper
June 2018
• Worksheets
NOTES:
Please ensure that in an essay these concepts are
applied to the UK context and not just explained.
SnapSOW – Employment and unemployment year 12
LINKS TO PREVIOUS LEARNING:
Link to macro objectives, measures of unemployment
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE:

13. Macroeconomic policy
focuses on
Fiscal policy
Monetary policy
Supply side policies
AIM HIGH OPPORTUNITIES
Keep informed of current
economic issues and build up
practical examples of these
policies to use in answers.
Key words and phrases:
fiscal policy, indirect tax, direct tax, The Laffer curve, interest rates,
crowding out, crowding in, budget deficit, budget surplus, national
debt, monetary policy, quantitative easing, free market supply side
policies, interventionist supply side policies, discretionary fiscal policy
Calculation of percentage
changes
Calculations of the Multiplier
Formula:
1. Fiscal policy
2. Evaluating Fiscal policy
3. Monetary policy-the use of
interest rates
4. Quantitative Easing
5. Evaluating Monetary policy
6. Supply side policies
7. Evaluating supply side
policies
8. Application of policies to
UK economy
Tasks that will be assessed
• Data response questions
• Multiplier calculation
questions
• Essays (AO3 (15 marks) and
AO4 (25 marks)
Generic
• WWW/EBI
• Link to assessment criteria
• Peer & Self Assessment
• Reflection time
• Whole school literacy codes
Objective test on economic
policies
Essay: Evaluate the economic
consequence for the UK
economy of a significant shift
in the burden of taxation from
indirect tax
Data response exam question
context 2 June 2019
NOTES:
You may use a calculator for all
calculation questions
SnapSOW – Macroeconomic policies
LINKS TO PREVIOUS LEARNING:
Macroeconomic objectives
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
KEY TIMELINE:
RESOURCES:
Powerpoints on Sixth Form
Online
Tutor2U online lessons
Tutor2u worksheets and
calculation practice sheets
Exam questions from exam
papers made available on
Sixth Form Online
Textbook units
• Multiplier formula

14. Use AD/AS model to analyse
causes of conflict in objectives
in SR and LR
Analyse the short-run Phillips
curve and the long-run L
shaped Phillips curve and its
implications for economic
policy.
AIM HIGH OPPORTUNITIES
Wider reading – use the
reading list you have been sent
to read around the topic
Key words and phrases: The natural rate of
unemployment (NRU), The short run Phillips curve, the
long run Phillips curve, labour market equilibrium,
money illusion, inflationary expectations, trade-off
Calculation of percentage
changes
IMAGE GALLERY:
1. Using AD/AS to explain
conflicts in SR and LR
2. Negative and positive
output gaps
3. Analyse both the short-
run Phillips curve and
long-run L-shaped
Phillips curve
4. How economic policies
may be used to
reconcile possible policy
conflicts both in the
short run and the long
run.
Tasks that will be assessed
• Data response questions
• Multiple choice questions
• Essays (AO3 (15 marks)
and AO4 (25 marks)
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Analyse the trade off using AD/AS
analysis and SR/LR Phillips curves
between inflation and
unemployment
• Discuss the view that falling
unemployment will inevitably
lead to trade-offs with other
macroeconomic policy objectives
(June 2017 exam essay)
NOTES:
This topic needs to be learnt through the use of
diagrams. These must be sufficiently practised.
SnapSOW – Subject Topic: Conflicting macroeconomic objectives year 12
LINKS TO PREVIOUS LEARNING:
Macroeconomic objectives including low and stable
inflation, low unemployment, stable and sustained
economic growth, satisfactory balance of payments,
balanced budget and environmental considerations
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE: Powerpoints (conflict of
macroeconomic objectives)
available on Sixth Form Online
On-line lesson on Sixth Form
Online
Tutor2U worksheets
Textbook Year 13 Unit 43
G-economics on- line lesson
on SRPC and LRPC

15. SnapSOW Economics
year 12
Economics Summer term:
2 topics covered:
1. Macroeconomic policies
2. Conflicting macroeconomic objectives

16. Macroeconomic policy
focuses on
Fiscal policy
Monetary policy
Supply side policies
AIM HIGH OPPORTUNITIES
Keep informed of current
economic issues and build up
practical examples of these
policies to use in answers.
Key words and phrases:
fiscal policy, indirect tax, direct tax, The Laffer curve, interest rates,
crowding out, crowding in, budget deficit, budget surplus, national
debt, monetary policy, quantitative easing, free market supply side
policies, interventionist supply side policies, discretionary fiscal policy
Calculation of percentage
changes
Calculations of the Multiplier
Formula:
1. Fiscal policy
2. Evaluating Fiscal policy
3. Monetary policy-the use of
interest rates
4. Quantitative Easing
5. Evaluating Monetary policy
6. Supply side policies
7. Evaluating supply side
policies
8. Application of policies to
UK economy
Tasks that will be assessed
• Data response questions
• Multiplier calculation
questions
• Essays (AO3 (15 marks) and
AO4 (25 marks)
Generic
• WWW/EBI
• Link to assessment criteria
• Peer & Self Assessment
• Reflection time
• Whole school literacy codes
Objective test on economic
policies
Essay: Evaluate the economic
consequence for the UK
economy of a significant shift
in the burden of taxation from
indirect tax
Data response exam question
context 2 June 2019
NOTES:
You may use a calculator for all
calculation questions
Y12 SnapSOW – Macroeconomic policies
LINKS TO PREVIOUS LEARNING:
Macroeconomic objectives
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
KEY TIMELINE:
RESOURCES:
Powerpoints on Sixth Form
Online
Tutor2U online lessons
Tutor2u worksheets and
calculation practice sheets
Exam questions from exam
papers made available on
Sixth Form Online
Textbook units
• Multiplier formula

17. Use AD/AS model to analyse
causes of conflict in objectives
in SR and LR
Analyse the short-run Phillips
curve and the long-run L
shaped Phillips curve and its
implications for economic
policy.
AIM HIGH OPPORTUNITIES
Wider reading – use the
reading list you have been sent
to read around the topic
Key words and phrases: The natural rate of
unemployment (NRU), The short run Phillips curve, the
long run Phillips curve, labour market equilibrium,
money illusion, inflationary expectations, trade-off
Calculation of percentage
changes
IMAGE GALLERY:
1. Using AD/AS to explain
conflicts in SR and LR
2. Negative and positive
output gaps
3. Analyse both the short-
run Phillips curve and
long-run L-shaped
Phillips curve
4. How economic policies
may be used to
reconcile possible policy
conflicts both in the
short run and the long
run.
Tasks that will be assessed
• Data response questions
• Multiple choice questions
• Essays (AO3 (15 marks)
and AO4 (25 marks)
Generic
WWW/EBI
Link to assessment criteria
Peer & Self Assessment
Reflection time
Whole school literacy codes
• Analyse the trade off using AD/AS
analysis and SR/LR Phillips curves
between inflation and
unemployment
• Discuss the view that falling
unemployment will inevitably
lead to trade-offs with other
macroeconomic policy objectives
(June 2017 exam essay)
NOTES:
This topic needs to be learnt through the use of
diagrams. These must be sufficiently practised.
SnapSOW – Subject Topic: Conflicting macroeconomic objectives year 12
LINKS TO PREVIOUS LEARNING:
Macroeconomic objectives including low and stable
inflation, low unemployment, stable and sustained
economic growth, satisfactory balance of payments,
balanced budget and environmental considerations
2020
FOCI: LITERACY: HOMEWORK:
NUMERACY: ASSESSMENT:
RESOURCES:
KEY TIMELINE: Powerpoints (conflict of
macroeconomic objectives)
available on Sixth Form Online
On-line lesson on Sixth Form
Online
Tutor2U worksheets
Textbook Year 13 Unit 43
G-economics on- line lesson
on SRPC and LRPC