1. The letter
2. The calendar
3. Write in syllabus headings in big notebooks
4. Write in a few examples
5. Show how to do one plan
6. Transfer key points to small notebook
7. Go through expectations for homework LINK
A2 M3 Lesson 12: Intro to Welfare and Efficiency
1. Dictate sentences about PC and Mono equilibrium
2. Explain monopoly short and long run equilibrium
3. PPP for unit purpose https://mail.google.com/mail/?shva=1#inbox/1274d1392801780a
4. Welfare quiz
5. PPP for efficiency definitions
2. Explain monopoly short and long run equilibrium
3. PPP for unit purpose https://mail.google.com/mail/?shva=1#inbox/1274d1392801780a
4. Welfare quiz
5. PPP for efficiency definitions
AS M2 Lesson 13: Economic Growth #1
1. Brainstorm what students already know about economic growth
2. Explain 8 universal question for ec gr / inf / unemp.
3. Divide students into groups
4. Handout copy of tutor2u chapters on National Income and Economic Growth https://mail.google.com/mail/?shva=1#inbox/1274d1392801780a
5. Students read and discuss their topic in order to prep for tomorrow's writing
2. Explain 8 universal question for ec gr / inf / unemp.
3. Divide students into groups
4. Handout copy of tutor2u chapters on National Income and Economic Growth https://mail.google.com/mail/?shva=1#inbox/1274d1392801780a
5. Students read and discuss their topic in order to prep for tomorrow's writing
AS M2 Lesson 12: End of AD / AS
1. Explain link between SRAS / AD and ec gr, inflation, unemp.
2. Explain gov policy for each and why govts do not only concentrate on SRAS
3. Look at 48 questions https://mail.google.com/mail/?shva=1#inbox/1274d1b12b1994c5
4. Quiz, use PPP situations about shift events https://mail.google.com/mail/?shva=1#inbox/1274d1c712a008cd
2. Explain gov policy for each and why govts do not only concentrate on SRAS
3. Look at 48 questions https://mail.google.com/mail/?shva=1#inbox/1274d1b12b1994c5
4. Quiz, use PPP situations about shift events https://mail.google.com/mail/?shva=1#inbox/1274d1c712a008cd
AS M2 Lesson 11: AD and AS shifts
1. Worksheet about AD shift out and SRAS shift out https://mail.google.com/mail/?shva=1#inbox/1274d1e4795f431f
2. When to shift out or shift in AD? Students take country cards and mingle to explain which they would do with their particular country
2. When to shift out or shift in AD? Students take country cards and mingle to explain which they would do with their particular country
AS M2 Lesson 10 AS Quiz
1. Elicit list of 10 AS questions rewarding each group for their question
2. Time to prepare for quiz
3. Quiz #1 for first 3 questions: each groups write answer then compare and defend to choose best one
4. Explain shape of SRAS curve
5. Quiz #2: make a noise stand up to answer questions
2. Time to prepare for quiz
3. Quiz #1 for first 3 questions: each groups write answer then compare and defend to choose best one
4. Explain shape of SRAS curve
5. Quiz #2: make a noise stand up to answer questions
AS M2 Lesson 9 Intro to AS
1. Show effects of shift out of SRAS / LRAS
2. Divide into groups
3. Fill in gap-fill doc award points and discuss https://mail.google.com/mail/?shva=1#inbox/1274d2038cea4924
2. Divide into groups
3. Fill in gap-fill doc award points and discuss https://mail.google.com/mail/?shva=1#inbox/1274d2038cea4924
AS M2 Lesson 8 Final Lists of AD Components
1. Students look back over work and write down AD determinants in correct part of document
https://mail.google.com/mail/?shva=1#inbox/1274d2038cea4924
2. Give my list to supplement theirs (same doc as above)
3. Do "11 Key Facts About AD" https://mail.google.com/mail/?shva=1#inbox/1274d255a2faf003
https://mail.google.com/mail/?shva=1#inbox/1274d2038cea4924
2. Give my list to supplement theirs (same doc as above)
3. Do "11 Key Facts About AD" https://mail.google.com/mail/?shva=1#inbox/1274d255a2faf003
AS M2 Lesson 7 Components of AD Continued
1. Answers to activities 1-3
2. Do and answer activities 4-6
2. Do and answer activities 4-6
A2 M3 Lesson 11 How PC works
1. Review situations from last class
2. At bottom of WB, write the PC equilibrium outcome. In top left "firm(s) making supernormal profit" and top right "firm(s) making a loss"
3. Students work together to put in missing steps for getting from dis to eq for supernormal
4. Students move around curves on Word Doc to illustrate this https://mail.google.com/mail/?shva=1#inbox/1274d255a2faf003
5. Repeat 3 and 4 with firms making a loss
6. Draw diagrams in notebooks about above
7. Emphasise self-correction of markets
2. At bottom of WB, write the PC equilibrium outcome. In top left "firm(s) making supernormal profit" and top right "firm(s) making a loss"
3. Students work together to put in missing steps for getting from dis to eq for supernormal
4. Students move around curves on Word Doc to illustrate this https://mail.google.com/mail/?shva=1#inbox/1274d255a2faf003
5. Repeat 3 and 4 with firms making a loss
6. Draw diagrams in notebooks about above
7. Emphasise self-correction of markets
A2 M3 Lesson 10 The Market and Firm in PC
1. Etymology of word "super" and therefore supernormal profit definition
2. Each student writes definition of "normal profit", brainstorm and write definition
3. PPP for definition of equilibrium https://mail.google.com/mail/?shva=1#inbox/1274d2a9af755d99
4. Discuss what equilibrium means for PC
5. Groups at WB:
6. Draw graphs with supernormal profit, check and mark each others using PPP as guide https://mail.google.com/mail/?shva=1#inbox/1274d2bcaf514c8f
7. Using PPP, chnage situation and draw new and mark and comment
8. Repeat until time is up
2. Each student writes definition of "normal profit", brainstorm and write definition
3. PPP for definition of equilibrium https://mail.google.com/mail/?shva=1#inbox/1274d2a9af755d99
4. Discuss what equilibrium means for PC
5. Groups at WB:
6. Draw graphs with supernormal profit, check and mark each others using PPP as guide https://mail.google.com/mail/?shva=1#inbox/1274d2bcaf514c8f
7. Using PPP, chnage situation and draw new and mark and comment
8. Repeat until time is up
A2 M3 Lesson 9 Normal and Supernormal Profit
1. Preparation: read Powell p.48 and Andy Gray handout https://mail.google.com/mail/?shva=1#inbox/1274d2d4eaeda84f
2. Story of the 5000 soldiers in the desert (need water, cups, and paper)
3. Elicit economics story from students
2. Story of the 5000 soldiers in the desert (need water, cups, and paper)
3. Elicit economics story from students
A2 M3 Lesson 8 Monopoly Curves and MC=MR Experiment
- Elicit Monopoly diagram on board
- Explain briefly long run equilibrium situation
- Divide class into - money / quantity / graph reader / excel
- Draw MC and MR curves for PC. Make 40 quantity be MC=MR. Let p = 60.
- Get 0,10,20,30,40 on table and in Excel
- Put £60 for MC and £60 for MR where Q=40 on table and in Excel
- Put MR = £60 for all other qs
- Read off MC amounts for other Qs and enter
- Now zoom into quantities for 31-40
- Should prove the point - draw total profit and explain that MC=MR is biggest difference between TR and TC
- Repeat for monopolist situation with new MR