This course is ACTIVE and taught ONLINE.
For many people, economics is an enigma.
But whether they are conscious of it or not, to some extent everyone is an economist, an economic agent and impacted by the economy. It’s not surprising given that the word is derived from Ancient Greek οἰκονομία, implying the management of a household.
The world is an ever more complex place though. From the factors of production to interest rates, money supply, capital investment, government debt and elasticities of demand, nothing stays the same.
The course can (and should) be tailored to your individual needs and the requirements of specific examination boards, but this is the broad span of lessons I have planned based on the Cambridge International syllabus with some modifications.
| SECTION | LESSON | SUBJECT MATTER |
|---|---|---|
| Introduction | 1 | How we will work |
| Micro 1 | 2 | Scarcity and the economic problem |
| 3 | Production frontiers | |
| 4 | Price mechanism – demand | |
| 5 | Price mechanism – supply | |
| 6 | Microeconomic intervention | |
| Micro 2 | 7 | Productive & allocative efficiency |
| 8 | Externalities – positive & negative | |
| 9 | Carbon trading and carbon taxes (non-Cambridge) | |
| 10 | Cost-benefit analysis | |
| 11 | Rational consumers and indifference curves | |
| 12 | Short run and long run production | |
| 13 | Perfect and imperfect competition | |
| 14 | Oligopoly, game theory and Sweezy kinked demand | |
| 15 | Pure and natural monopolies | |
| 16 | Horizontal, backward and forward integration - mergers & acquisitions | |
| 17 | Price discrimination and online trading strategies | |
| Macro 1 | 18 | Keynesianism, aggregate demand and aggregate supply |
| 19 | Inflation | |
| 20 | Balance of payments accounting | |
| 21 | Exchange rates | |
| 22 | Terms of trade & comparative advantage | |
| 23 | Free trade, trade blocs and protectionism | |
| 24 | Fiscal, monetary and supply side policy (1) | |
| 25 | Fiscal, monetary and supply side policy (2) | |
| 26 | Quantitative Easing in detail (non-Cambridge) | |
| Macro 2 | 27 | Economic growth, economic development and sustainability |
| 28 | National income statistics and alternatives | |
| 29 | Advanced, emerging and developing economies | |
| 30 | Labour productivity, unemployment & inactivity | |
| 31 | Wage determination (non-Cambridge and micro oasis) | |
| 32 | Circular flow of income and multipliers | |
| 33 | Money supply & liquidity | |
| 34 | Trade, multinationals and aid | |
| 35 | Government intervention on inflation & unemployment | |
| 36 | Intervention failure and its reasons | |
| Revision (multiple lessons) | 1 | Micro Revision – Multi-choice |
| 2 | Micro Revision – Data response | |
| 3 | Micro Revision – Essay questions | |
| 4 | Macro Revision – Multi-choice | |
| 5 | Macro Revision – Data response | |
| 6 | Macro Revision – Essay questions |