OREL VINE SCHOOL
ECONOMICS DEPARTMENT
OVERVIEW OF KS4
The aims below describe the educational purposes of a course in economics for the Cambridge IGCSE
Exam.
The aims are to:
1 develop candidates’ knowledge and understanding of economic terminology, principles and theories
2 develop candidates’ basic economic numeracy and literacy and their ability to handle simple data including
graphs and diagrams
3 develop candidates’ ability to use the tools of economic analysis in particular situations
4 show candidates how to identify and discriminate between different sources of information and how to distinguish between facts and value judgements in economic issues
YEAR 10 | YEAR 11 |
1. The Basic economic problem 2. The allocation of resources 3. Microeconomic decision-makers | 4. Government and the macroeconomy 5. Economic development 6. International trade and globalisation |
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Learners will examine the nature of the economic problem.
A close look at the factors of production.
A close look at the mobility of factors of production
Learners will take a closer look at the concept of opportunity cost.
Learners will take a closer look at the production possibility curve.
Learners will take a closer look at the production possibility curve.
In this lesson, learners will take a dive into micro and macro economics.
In this lesson, learners will take a dive into the operation of the market system with major focus and emphasis on market equilibrium
In this lesson, learners will be introduced to the basics of demand theory.
In this lesson, learners will explore movements along and shifts in demand curve.
In this lesson, learners will be introduced to the theory of supply.
In this lesson, learners will examine causes and consequences of shifts and movements along the supply.
In this lesson, learners will examine causes and consequences price changes.
In this lesson, learners will understand the concept of elasticity and its implication in the everyday market situation.
In this lesson, learners will discuss the determinants of price elasticity of demand.