Undervisningsbeskrivelse Termin August 2016 – May 2017 Uddannelse HHX Lærer(e) Nick Jensen Institution Silkeborg Business College Fag og niveau International Økonomi niveau A Hold HH2E16 Oversigt over gennemførte undervisningsforløb Theme 1 The foundations of economics Theme 2 Demand and Supply Theme 3 Elasticities Theme 4 The level of overall economic activity Theme 5 Indirect taxes, subsidies and price controls Theme 6 Market structures Theme 7 Market failures and environmental/climate policy Theme 8 The aggregated level of economic activity Theme 9 The labor market and employment Theme 10 Inflation and deflation Theme 11 Equity in the distribution of income Theme 12 The economy of the USA
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Undervisningsbeskrivelse · · 2017-05-23Theme 2 Demand and supply Contents Core material: • Economics, IB Course companion by Blink and Dorton (2011), Oxford, chapter 2 Supplementary
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Undervisningsbeskrivelse
Termin August 2016 – May 2017
Uddannelse HHX
Lærer(e) Nick Jensen
Institution Silkeborg Business College
Fag og niveau International Økonomi niveau A
Hold HH2E16
Oversigt over gennemførte undervisningsforløb
Theme 1 The foundations of economics
Theme 2 Demand and Supply
Theme 3 Elasticities
Theme 4 The level of overall economic activity
Theme 5 Indirect taxes, subsidies and price controls
Theme 6 Market structures
Theme 7 Market failures and environmental/climate policy
Theme 8 The aggregated level of economic activity
Theme 9 The labor market and employment
Theme 10 Inflation and deflation
Theme 11 Equity in the distribution of income
Theme 12 The economy of the USA
Theme 1 The foundations of economics
Contents Core material:
•Economics, IB Course companion by Blink and Dorton (2011), Oxford, chapter 1
Duration
4 modules of 60 min.
Learning
objectives
• Define opportunity cost and understand its link to relative scarcity and choice
• Describe the factors of production
• Explain, illustrate, and analyze production possibility curves
• Distinguish between micro and macroeconomics, positive economics and
normative economics, private sector and public sector
• Explain and understand the concept of “ceteris paribus”
• Explain and illustrate basic models of economies
• Distinguish between different rationing systems
• Compare and contrast the advantages and disadvantage of planned and free market
economies
• Distinguish between economic growth and economic development
• Define sustainable development
Concepts and
models
• Scarcity
• Choice
• Opportunity costs
• Factors of production
• The production possibility curve
• Economic rationing systems
• Economic growth
• Sustainable development
Competences
• Economic thinking
• Economic problem processing
• Economic modeling
• Economic reasoning
• Economic data treatment
• Economic presenting
• Economic tools
Working forms Dialogue and discussion – traditional classes, group discussions, presentations, quiz
Theme 2 Demand and supply
Contents Core material:
• Economics, IB Course companion by Blink and Dorton (2011), Oxford, chapter 2
Supplementary material:
• Teacher’s PowerPoints
• Revision sheet for textbook chapter 2
• Various demand and supply curve exercises
Duration
Ca. 6 modules of 60 min.
Learning
objectives
• Define market and demand
• Explain the Law of Demand and the Law of Supply, and the determinants of each
• Distinguish between a shift of a demand and supply curve and a movement along a
demand and supply curve
• Explain and plot a linear demand and supply function
• Analyze changes in demand and supply
Concepts and
models
• Demand
• Supply
• Market diagrams
• Price and non-price determinants of demand and supply
• Normal goods
• Inferior goods
• Substitutes, complementary and unrelated goods
• Tastes & preferences
• Equilibrium and the effect of changes in demand and supply upon the equilibrium
• The role of the price mechanism
• Effective demand and supply
• Law of demand and supply
• Assumptions of the market model
• Distinctions between a movement along a curve and a shift in the curve
Competences
• Economic thinking
• Economic problem processing
• Economic modeling
• Economic reasoning
• Economic data treatment
• Economic presenting
• Economic tools
Working forms Dialogue and discussion – traditional classes, group discussions, presentations, quiz
Theme 3 Elasticities
Contents Core material:
• Economics, IB Course companion by Blink and Dorton (2011), Oxford, chapter 4
Supplementary material:
• Teacher’s PowerPoints
• Revision sheet for textbook chapter 4
• The Cost of Love by The Economist. February 14, 2007.