Economics - Year 12 :: Queen Elizabeth High School

AS Economics (OCR – H061)

There are two units at AS level (Markets in Action and National & International Economy), each one taught by a different teacher. There is no coursework. Each unit represents 50% of the total marks at AS level (25% of the full A Level). Both units are examined in May/June of Year 12.

TEACHER 1 Markets in Action (F581)	TEACHER 2 National and International Economy (F582)
Half Term 1 (September - October)
Course introduction and study skills What is microeconomics? The basic economic problem Production possibility curves Choice and specialisation Demand Supply Markets and Price Determination	Course introduction and study skills What is macroeconomics? Objectives of government economic policy Economic cycle Circular flow of income National income Aggregate demand
External Assessment: No Internal Common Assessment: Yes Coursework Deadline this H/T: N/A Field Trips/Visits: No	External Assessment: No Internal Common Assessment: Yes Coursework Deadline this H/T: N/A Field Trips/Visits: No

Half Term 2 (November - December)
Using market diagrams Introduction to Elasticity Elasticity Costs Efficiency Introduction to market failure	Aggregate supply Supply side policies Macroeconomic equilibrium Impact of an increase in aggregate demand Negative and positive output gaps Impact of an increase in long run aggregate supply
External Assessment: No Internal Common Assessment: Yes Coursework Deadline this H/T: N/A Field Trips/Visits: No	External Assessment: No Internal Common Assessment: Yes Coursework Deadline this H/T: N/A Field Trips/Visits: No

Half Term 3 (January - February)
Externalities Merit and De-merit goods Public Goods Government policy to correct market failure	The economic cycle Supply side and demand side economic shocks The multiplier Economic growth Inflation Unemployment Balance of payments
External Assessment: No Internal Common Assessment: Yes Coursework Deadline this H/T: N/A Field Trips/Visits: No	External Assessment: No Internal Common Assessment: Yes Coursework Deadline this H/T: N/A Field Trips/Visits: No

Half Term 4 (March - April)
Market failure and government policy continued Revision and past questions on Markets in Action	International trade Trade protection Exchange rates Fiscal policy Monetary policy Supply side policies Macroeconomic objectives and conflicts
External Assessment: No Internal Common Assessment: Yes Coursework Deadline this H/T: N/A Field Trips/Visits: No	External Assessment: No Internal Common Assessment: Yes Coursework Deadline this H/T: N/A Field Trips/Visits: No

Half Term 5 (April - May)
Revision	Revision
External Assessment: Yes Internal Common Assessment: Yes – Trial exam Coursework Deadline this H/T: N/A Field Trips/Visits: No	External Assessment: Yes Internal Common Assessment: Yes – Trial exam Coursework Deadline this H/T: N/A Field Trips/Visits: No

Suggested Course reading list:
OCR A level Economics Student Book (AS). Publisher: Heinemann. ISBN: 9780435692209