1. Welcome to A level Economics
Ceteris paribus – you should enjoy it!

2. Introductions Mr Dawson Mr Kitson 12 Years Experience
MPhil degree Economics
Worked in banking, sales and insurance
PGCE in Business Education University of Huddersfield
Taught Economics and Business in Keighley and Stockport
24 Years Experience
BA hons degree in Economics
Taught Economics at University of British Columbia, Canada
PGCE in Economics University of London
Taught Economics and Business in London, Netherhall and Whitehaven

3. Paper 1 -2 hours- Micro –Markets and Market Failure
AS Economics
A2 Economics
Paper 1 -1 hour 30 minutes - Micro – The operation of markets and market failure -
Section A: 20 multiple choice questions worth 20 marks
Section B: data response questions requiring written answers, choice of one from two contexts worth 50 marks
50% of the AS
Paper hours- Micro –Markets and Market Failure
Section A Data Response
Section B Essays
33% of the A2
Paper 2 - Macro – The national economy in a global context. Multiple choice and data context questions, essay.
Paper 2 – 2 Hours- Macro – The National and International Economy
Paper 3 – 2 hours- Economic Principals and Issues- synoptic paper on all A2
Multiple choice and case study questions

4. Other key information Where will we teach?
What are the resources like for students?
5 lessons per fortnight with each teacher
Core text as reading and class support
Firefly and web links support
Revision conference
Twitter feed as a quick link
and after class help
What is expected of you?
Be committed and hard working
Attendance ‘all’ lessons
Seek help and guidance don’t hide from it!
Develop good home learning

5. 2.1- Economics in The News Jobs and Child Poverty
Interest Rates when will they rise?
Eurozone Crisis – is it all greek?
Oil price slump
China’s Downturn

6. Any Questions?

7. Macro-economic indicators – A level Economics – what do they show?
Gross Domestic Product - The value of all goods and services produced in the country over a set period of time.
GDP per capita – GDP divided by population
Inflation – a general rise in the level of prices
Budget balance (% of GDP) – the amount of money raised, compared to that spent, by the government. A positive percentage implies surplus, negative implies deficit.

8. What helps a country do well?
These Economic indicators are useful to see how well a country is doing but other things also influence its progress like:
Poverty
Education system
Health system
Political stability
Enterprise
Natural resources
Key exports and imports

9. Task for the summer
Pick a country that you think is doing well or one you think will be going to do well.
Put together a power point individually or in a group that uses the data provided and adds other information about your chosen country to support your idea that they are a success. Collect information from a variety of sources; you might even be on holiday there this summer!
You will present the information to the group in the first week of term.