Units. Year 1. Unit 1: Course Overview
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1 Economics SL
2 Units All Pamoja courses are written by experienced subject matter experts and integrate the principles of TOK and the approaches to learning of the IB learner profile. This course has been authorised by the International Baccalaureate (IB). Year 1 Unit 1: Course Overview 1:1 - Getting Started 1:2 - Introducing Economics SL 1:3 - Assessment and Tools Unit 2: Competitive Markets 2:1 - Economics Core Concepts 2:2 - Scarcity and Economic Problems 3:1 - What is the Cost? 3:2 - Shipwrecked 3:3 - Student Study Guide Wiki: Scarcity 4:1 - Weekly Reading: Demand 4:2 - Research on Local Markets 1 4:3 - Economics in the News 4:4 - Student Study Guide Wiki: Demand 5:1 - Weekly Reading: Supply 5:2 - Research on Local Markets 2 5:3 - Economics in the News: Realworld Examples and Evaluation 5:4 - Student Study Guide Wiki: Supply 5:5 - Examination Strategies 6:1 - Reading: Market Equilibrium 6:2 - Interaction of Supply and Demand, Market Equilibrium 6:3 - Research on Local Markets 3 6:4 - Student Study Guide Wiki: Supply, Demand and Equilibrium 6:5 - Competitive Markets Test Unit 3: Elasticity 7:1 - Weekly Reading: Price Elasticity of Demand 7:2 - PED and Total Revenue 7:3 - Voicing Your Elasticity 7:4 - Student Study Guide Wiki: Elasticity 8:1 - Weekly Reading: Other Elasticities of Demand 8:2 - Economics in the News: Elasticity 8:3 - Worksheet on XED and YED 8:4 - Voicing Your Elasticity 9:1 - Weekly Reading: Price Elasticity of Supply 9:2 - Economics in the News: The Journal 9:3 - Voicing Your Elasticity 9:4 - Student Study Guide Wiki: Elasticity Unit Recap 9:5 - Elasticity Unit Test 1
3 Unit 4: Government Intervention 10:1 - Weekly Reading: Government Subsidies and Taxes 10:2 - Taxation Assignment 10:3 - Cartooning 10:4 - Student Study Guide Wiki: Government Intervention 10:5 - Assessment Techniques 11:1 - Weekly Reading: Price Controls 11:2 - Economics in the News: Tax, Subsidies and Price Controls 11:3 - Price Controls Worksheet 11:4 - Student Study Guide Wiki: Government Intervention 12:1 - Understanding Demands 12:2 - Microeconomics Review 12:3 - Semester Exam Unit 5: Market Failure 13:1 - Weekly Reading: Market Failure 13:2 - Economics in the News: Externalities of Production 13:3 - Externalities of Production 13:4 - Student Study Guide Wiki: Market Failure 13:5 - Be the Reporter: Market Failure at a Glance 14:1 - Weekly Reading: Causes of Market Failure & Government Responses 14:2 - Economics in the News: Externalities of Consumption 14:3 - Externalities of Consumption Worksheet 14:4 - Student Study Guide Wiki: Public Goods 14:5 - Be the Reporter: Market Failure at a Glance 15:1 - Weekly Reading: The Tragedy of the Commons 15:2 - Economics in the News: Sustainability 15:3 - Common Access Resources Worksheet 15:4 - Be the Reporter: Market Failure at a Glance 15:5 - Student Study Guide Wiki: Sustainability 16:1 - Weekly Reading: Government Intervention 16:2 - Economics in the News: The 16:3 - Saving the Dolphins 16:4 - Be the Reporter: Market Failure at a Glance 16:5 - Market Failure: Unit Test Unit 6: Introduction to Internal Assessment 17:1- Weekly Reading: Focus on the Internal Assessment 17:2- Red Pen 17:3- Collaborative Economic 17:4- The Search for IA Extracts Unit 7: The National Economy 18:1 - Weekly Reading: The Circular Flow of Income 2
4 18:2 - Economics in the News: Macroeconomic Activity 18:3 - The Doctor is In 18:4 - Student Study Guide Wiki: Circular Flow of Income-2 19:1 - Weekly Reading: The Business Cycle 19:2 - Your Nation's GDP 19:3 - IA : First Draft 19:4 - Student Study Guide Wiki: The Business Cycle 20:1 - Weekly Reading: Aggregate Demand 20:2 - Economics in the News: Aggregate Demand 20:3 - Aggregate Demand Practice 20:4 - Student Study Guide Wiki: Aggregate Demand 21:1 - Weekly Reading: Aggregate Supply 21:2 - The AD/AS Model Worksheet 21:3 - Economics in the News: The 21:4 - Student Study Guide Wiki: Aggregate Supply 22:1 - Weekly Reading: Macroeconomic Equilibrium 22:2 - What are Your Indicators? 22:3 - Student Study Guide Wiki: Macro Equilibrium 22:4 - Final Submission of IA 22:5 - The National Economy Unit Test Unit 8: Macroeconomic Objectives 23:1 - Weekly Reading: Macro Objective - Employment 23:2 - Economics in the News: Types of Unemployment 23:3 - Help Wanted 23:4 - Student Study Guide Wiki: Employment 24:1 - Weekly Reading: Inflation 24:2 - Economics in the News: Inflation 24:3 - Wages 24:4 - Student Study Guide Wiki: Inflation 25:1 - Weekly Reading: Economic Growth 25:2 - Economics in the News: Economic Growth 25:3 - Investigating Growth 25:4 - Life is Better! It Isn't! 25:5 - Student Study Guide Wiki: Economic Well-being 26:1 - Weekly Reading: Income Inequality 26:2 - Economics in the News: The 26:3 - Student Study Guide Wiki: Tax Rates Around the World 26:4 - Unit Test: Macro Objectives Unit 9: Government Budget 27:1 - Weekly Reading: Fiscal Policy 27:2 - Economics in the News: Fiscal Policy 27:3 - How Does a Government Spend Taxpayers' Money? 27:4 - Student Study Guide Wiki: Government Spending 3
5 28:1 - Weekly Reading: Monetary Policy 28:2 - Economics in the News: Monetary Policy 28:3 - Monetary Policy Worksheet 28:4 - Student Study Guide Wiki: Inflation-2 29:1 - Understanding Demands-3 29:2 - Microeconomics Revision 29:3 - Practice for the Exam 30:1 - Macroeconomics Revision 30:2 - How to Put Analysis and Evaluation into Words in Macroeconomics 30:3 - End of Year One Exam Unit 10: Monetary and supply-side Policies 31:1 - Weekly Reading: The IA2 31:2 - The Search for IA Extracts 32:1 - Weekly Reading Activity: Supply-side Policy 32:2 - Economics in the News: Supply-side Policies 32:3 - IA #2 Draft 32:4 - Student Study Guide Wiki: Supply-side Policies 33:1 - Weekly Reading: Supply-side Policies (Continued) 33:2 - Economics in the News: The -4 33:3 - IA #2 Teacher Feedback Year 2 Unit 1: Year Once Revisited 34:1 - Microeconomics - Year One Review 1 34:2 - Macroeconomics - Year One Review 2 35:1 - Economics and the News 35:2 - Macroeconomics and Gross Domestic Product (GDP) 35:3 - Final Submission of IA Unit 2: Free Trade and the WTO 36:1 - Reading: Economic Gains from Trade 36:2 - Reasons for Trade 36:3 - Article and Response 37:1 - Economics in the News: Article Search 37:2 - The World Trade Organisation 37:3 - The World Trade Organisation and International Trade and 37:4 - The Different Views of the World Trade Organisation Unit 3: Free Trade Vs. Protectionism 38:1 - Weekly Reading: Types of Protectionism 38:2 - Protectionism: The Arguments 38:3 - Student Study Guide Wiki: Administrative Obstacles 39:1 - Weekly Reading: Tariffs and Quotas 4
6 39:2 - Unit Test: Barriers to Trade Unit 4: Exchange Rates 40:1 - Weekly Reading: How Exchange Rates are Determined 40:2 - Calculating and Evaluating Exchange Rates 40:3 - Economics in the News Class Bookmarking: Foreign Exchange 41:1 - Weekly Reading: How Exchange Rates are Managed 41:2 - Limitations of Fixing Exchange Rates 41:3 - Student Study Guide Wiki: Exchange Rates 42:1 - Weekly Reading: Consequences of Exchange Rates 42:2 - Economics in the News 42:3 - Comparison of Exchange Rate Systems Unit 5: Balance of Payments 43:1 - Weekly Reading: Components of Balance of Payments 43:2 - Economics in the News: Balance of Payments 43:3 - Student Study Guide Wiki: Balance of Payments 44:1 - Weekly Reading: Consequences on the Balance of Payments 44:2 - Consequences of Balance of Payments 44:3 - Student Study Guide Wiki: The Current Account 45:1 - Weekly Reading: Levels of Integration 45:2 - III: Get Started 45:3 - Economics in the News: The 45:4 - Student Study Guide Wiki: Economic Integration Unit 6: III 46:1 - Finish III 46:2 - The Demands of Examination Questions 47:1 - Weekly Reading: Overview of Section III 47:2 - Revision of Section III Unit 7: Nature of Economic 48:1 - Weekly Reading: Growth vs. 48:2 - Commonality and Diversity of Less Developed Countries (LDCs) 48:3 - Economics in the News: The Millennium Goals 48:4 - Student Study Guide Wiki: Goals 49:1 - Weekly Reading: Measuring 49:2 - Student Study Guide: Human Index 49:3 - Economics in the News: Measuring 49:4 - Final Draft of the 3rd 49:5 - Economics in the News: The 5
7 50:1 - Trial Examination: Paper One 50:2 - Trial Examination: Paper Two Unit 8: Barriers to Economic 51:1 - Weekly Reading: Role of Domestic Factors (Part 1) 51:2 - Models Revisited 51:3 - Economics in the News: The Poverty Cycle 51:4 - Student Study Guide: The Poverty Cycle 52:1 - Weekly Reading: Role of Domestic Factors (Part 2) 52:2 - Taxes and Microcredit 52:3 - Economics in the News: Domestic Factors 52:5 - Live Lesson week 52 M2017 Economics SL with Mr. Penn 53:1 - Weekly Reading: Role of International Trade (Part 1) 53:2 - Other Trade Issues for LDCs 53:3 - Economics in the News: Trade Barriers for LDCs 54:1 - Weekly Reading: Role of International Trade (Part 2) 54:2 - Student Study Guide Wiki: Trade Liberalisation 54:3 - Economics in the News: The 54:4 - Unit Test: Barriers to Economic Growth Unit 9: Foreign Aid and Economic 55:1 - Weekly Reading: The Role of Foreign Direct Investment (FDI) 55:2 - The Meaning of FDIs and MNCs 55:3 - Economics in the News: Advantages and Disadvantages of Foreign Direct Investment 55:4 - Student Study Guide Wiki: The Role of FDI in a Developing Nation 56:1 - Weekly Reading: Understanding the Role of Foreign Aid 56:2 - Official Aid (ODA) vs. Non-governmental Organisations (NGOs) 56:3 - Economics in the News: Evaluating Foreign Aid 56:4 - Student Study Guide Wiki: The Role of Foreign Aid in Developing Nations 57:1 - Weekly Reading: Understanding the Role of Indebtedness 57:2 - Debt Forgiveness 57:3 - Economics in the News: Evaluating Debt Forgiveness 57:4 - Student Study Guide Wiki: The Role of Debt Forgiveness for Developing Nations 58:1 - Weekly Reading: The Balance of Government Intervention and Markets 58:2 - Strengths and Weaknesses of Supply-side Policies 58:3 - Economics in the News: The 58:4 - Unit Test: Aid, Debt & Economic Unit 10: Final Exams 6
8 59:1 - Introduction to Revision Teams and Activities 59:2 - Hosted Discussion 59:3 - Practice Extended Response Questions 60:1- Practice Extended Response Questions 60:2- Hosted Discussion 61:1 - Practice Macroeconomics Extended-Response Questions 61:2 - Hosted Discussion 61:3 - Practice Paper Two Questions 62:1 - Hosted Discussion-5 62:2 - Practice Economics Data Response Questions 7
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