demand and supply basics

read the notes and watch the video on supply and demand at economics online

production possibility Curves

paj holden video (youtube)

 intro worksheet

worksheet

answers find all presentations and worksheets in dropbox related to ppf here

role of state and market

listen to president obama's inaugral speech and then write an answer to the following questions:

1. what key economics issues does obama refer to in his speech?
2. what does obama say about the effectiveness of markets? what does obama say about the role of government?
3. do you feel obama identifies with the market or the state as a mechanism of choice in society?

bbc - video and speech

economic systems

the economic problem - scarcity of resources in the face of unlimited wants leads to the need for choice and the experience of opportunity cost,  Economic systems are choice mechanisms:

free market - price mechanism based solutions where price signals changing conditions, rations scarce factors and goods and incentives producers



the road to selfdon - hayek

command systems - planning mechanisms decide on the allocation of resources and the availability of goods - price is set and excess demand takes on a physical form in the shape of queues.  Focus is on quantity rather than quality targets

inside north korea (newsnight 15 mins)








the heritage foundation

what is economics?

Classwork
what is economics? - presentation + worksheet

the economic problem and economic systems

what is economics? - presentation + worksheet

The Story of Economics from Kate Burn on Vimeo.

basics quiz t2u

positive and normative statements quiz

opening on economics

economics aqa roadmap + economics aqa grading




10 reasons to study economics (econhelp)