Vishnu Boys Hindu College

Economics scheme of work

Upper 6
Term I September- December 2015.
CYC
LE #

Topic

Objectives
Student will be
able to:

Teachers
strategy

Resourc
es

National
Income
Accounting

Explain the
circular flow of
income

-Class
discussion
.

Explain the
concept of
National
Income (NI)
Accounting

White
board
and
markers.

-Oral
questionin
g.

Story
telling

-Note
making

Interacti
ve
discussio
n.

Derive real GDP

from nominal
GDP

-Class
discussion
.

Assignment
Presentation
.

Explain the
limitations of
GDP

White
board
and
markers.

-Oral
questionin

Story
telling

Research

Discuss the
different ways
of deriving NI
Accounts

Evaluation

Oral quiz

Interpret NI
statistics and
use to analyze
economys
performance

Classical
Models of
Macroeconomi
cs

 Derive GNP
from GDP
Explain the
limitations of
GNP as a
means of
standard of
living.

CYC
LE#

g.
-Note
making

Interacti
ve
discussio
n

Question
from text

Evaluation
Topic

3
Classical
Models of
Macroeconomi
cs

Objectives
Student will be
able to:

Teachers
strategy

-Class
Explain why
discussion
within the
.
classical
economy model
unemployment
is voluntary
Discuss the
conditions of
full
employment
Explain how full
employment is
restored in the
classical model
Discuss the
factors that
influence
aggregate
demand an d
aggregate
supply

-Oral
questionin
g.

-Note
making

Resourc
es
Assignment
Presentation
.
White
board
and
markers.
Research

Story
telling

Interacti
ve
discussio
n

Question
from text

CYC
LE#

Topic

Objectives
Student will be
able to:

Classical Model Interpret the

of
classical long
Macroeconomi
run supply
cs
curve
Explain price
level
determination
within the
classical model
Explain the
consumption
function
Explain the

Teachers
strategy

-Class
discussion
-Group
Presentati
on

Resourc
es

White
board
and
markers.

Evaluation

Assignment
Presentation
.
Written
exam.

Text
Research

-Note
making

Newspap
er
Question
from text

relationship
between saving
and
consumption

-Oral
presentati
on.

Internet
Research

Calculate the
simple
multiplier
Explain the
effect of
changes in
Investment,
government
spending on
national income

Basic
Keynesian
Models

Describe the
effect of
withdrawals
and injections
on national
income
Explain the
relationship
between net

-Oral
presentati
on.

White
board
and
markers.

Written
exam

-Oral
questionin
g.

Internet
research

Oral qui

exports and
national income -Note
making
Determine the
equilibrium
level of national
income

Text

Question
from text

White
board
and
markers.

Past paper
question.

Explain
inflationary and
deflationary
gaps

Investment

Explain the
concept of
investment.
Differentiate
between the
investment
demand curve
and the
investment
curve
Explain the
accelerator
theory

Outline the
factors that
account for the
volatility of
investment
7

Unemployment

-Group
presentati
on

Oral quiz
-Oral
questionin
g.

Newspap
er
Question
from text

-Note
making

Internet
research

Past paper
question.

 Explain the
terms labor
force,
unemployment
rate
Distinguish
between
unemployment
and
underemploym
ent

-Group
presentati
on

-Class
discussion

-Oral
questionin
g.

White
board
and
markers.

Internet
research

Oral quiz

Question
from text

Text

Evaluate the
costs and
causes of
unemployment

Inflation

Explain the
causes of
inflation
Determine how
inflation is
measured
Explain the
causes of
inflation
Evaluate the
effects of
inflation

-Group
presentati
on

-Class
discussion

-Oral
questionin
g.

White
board
and
markers.

Written
exam.

Oral quiz
Internet
research

Text

Dramatic
presentation