1. HL2 ECONOMICS 2015-2016 ACADEMIC YEAR: SEMESTER 1: HOMEWORK & EXAM DATES

2. THEORY OVERVIEW: AUGUST 2015 Review of Microeconomic Theory. Continuation of Macroeconomics Macroeconomic Equilibrium (review) The Multiplier Effect (calculations) Unemployment – Economic Modelling (Philips Curve)

3. THEORY OVERVIEW SEPTEMBER 2015 MACROECONOMICS CONTINUED Inflation & Deflation - graphical modeling. (Review of Price Indices) Taxation Calculations. Economic Growth Theories. Measuring National Income: The Circular Flow Model. The Business Trade Cycle

4. THEORY OVERVIEW OCTOBER 2015 INTERNATIONAL ECONOMICS Why Countries Trade: Absolute & Comparative Advantage. Protectionism & Free Trade Theory Economic Integration. Free Trade Agreements.

5. THEORY OVERVIEW NOVEMBER 2015 INTERNATIONAL ECONOMICS (continued) Exchange Rates Exchange Rate Case Studies (Zimbabwe & Venezuela) Review of Supply & Demand Functions with Foreign Exchange Foreign Exchange & International Business. Introduction to the Balance of Payments

6. THEORY OVERVIEW DECEMBER 2015 REVIEW OF THEORY FOR SEMESTER 1 FINAL EXAM

7. THEORY OVERVIEW JANUARY 2016 INTERNATIONAL ECONOMICS (continued) * The Balance of Payments (BOP) Solutions to BOP problems. The Marshall Lerner Condition. The J Curve The Terms of Trade

8. THEORY OVERVIEW FEBRUARY-MARCH 2016 DEVELOPMENT ECONOMICS Aid, Debt & Economic Development Development Strategies: Microfinance Foreign Direct Investment (FDI) UN Development Goals. Trade Strategies for Economic Growth & Development The World Bank & The IMF

9. THEORY OVERVIEW APRIL 2016 ENTIRE COURE REVIEW NO NEW CONTENT

10. IB ECONOMICS EXAMS: MAY 2016 Paper 1: Monday 2 nd May 2016 (pm) Paper 2: Tuesday 3 rd May 2016 (pm) Paper 3: Tuesday 3 rd May 2016 (pm) These exams are right at the start of the IB exam testing period.

11. NEW APPROACH TO HOMEWORK In Grade 12, your homework will consist of two parts each time: Section A: Past IB Papers – Specific Question This will be a real IB past paper. You will complete one specified question, usually with at least two or more different parts. Every homework task this year will always feature at least 1 question from a past IB exam paper. Section B: Range of Different Activities: Articles on News & Current Events with associated questions/essays. Role Plays, Oral Presentations, Video Presentations. (as last year) Work on IB Commentaries (this will be the main focus from Nov to Feb)

12. MARKING & GRADING HOMEWORK TASK 1 SECTION A: IB Questions Marked by the Teacher, with IB grade converted to the Apsen Grading system for an A to F mark. SECTION B: ATL Grades (not a summative / formative grade) Consistently will only be awarded if all parts of the homework are completed comprehensively and on time. Frequently will be awarded if most parts completed and submitted on time. You will be asked to present your homework to the teacher on the day of submission to receive your ATL grade. BUT WHAT IS THE INCENTIVE TO COMPLETE ALL QUESTIONS IN TASK B: READ ON…….

13. HOMEWORK REVIEW EXAMS ECONOMIC NEWS & CURRENT EVENTS If only an ATL grade is awarded some students may see little incentive to complete all the associated questions. The exam questions will be very similar to the homework questions. You will be able to use the articles in the exam, but no notes will be permitted. It goes without saying that you must have read all the articles before the exam. The exam questions could be based on comprehension of the articles, economic terms in the article & or a short essay (as practiced for homework) Exam Length: 45 minutes. It will not be a full period exam.

14. HOMEWORK REVIEW EXAMS IB PAST PAPERS When the Section B, homework is not articles to read, (eg: a role play), you will instead be tested on the IB question (Section A) you had for homework. In this situation you will have the opportunity to review the IB question for Homework. You will be expected to do the question for an ATL grade. However, you will then be tested on the IB question in the Homework exam period.

15. HOMEWORK TASKS & DUE DATES AUGUST 2015 Homework Task 1: Date Set: August 11 & 12. 2015 Date Due: Friday August 28. (3pm) (Moodle only submission: no more printing) Section A:IB Question Microeconomics. Grading: (A to F) Section B:Economics News: Articles to Read & Question. Grading: ATLs Homework Exam:Mon 31st / Tues 1 Sept Section B: Economic News Articles-Questions

16. HOMEWORK TASKS & DUE DATES SEPTEMBER 2015 Homework Task 2: Date Set: Monday 31 st / Tuesday 1 st September Date Due: Friday September 11th (3pm) Section A:IB Question Macroeconomics. Grade: ATLs Section B:Oral Presentation Grade: A to F Presentations will begin after the exam on 14 / 15 th Homework Exam:Mon 14 / Tues 15 September. Section A: IB Question Macroeconomics. Grade: A to F

17. HOMEWORK TASKS & DUE DATES OCTOBER 2015 Homework Task 3: Date Set: Tuesday October 6 / Wednesday October 7. Date Due: Friday 16 October (3pm) Section A:IB Question Macroeconomics Grade: (A to F) Section B:Economics News: Articles to Read & Questions. Grading: ATLs Homework Exam:Mon 19 October / Tues 20 October. Section B: Economic News Articles-Questions. Grade: (A to F)

18. HOMEWORK TASKS & DUE DATES OCTOBER 2015 Homework Task 4: Date Set: Monday 19 / Tuesday 20 th October Date Due: Friday October 30th (3pm) Section A:IB Question Macroeconomics. Grade: ATLs Section B:Video Presentation Grade: A to F Presentations will begin after the exam on 2 nd / 3 rd November Homework Exam:Monday 2 nd November / Tuesday 3 rd November. Section A: IB Question Macroeconomics. Grade: A to F

19. HOMEWORK TASKS & DUE DATES NOVEMBER 2015 Homework Task 5: Date Set: November 2 nd / 3 rd Date Due: Friday 13 November (3pm) Section A:IB Question International Economics Grade: (A to F) Section B:Economics News: Articles to Read & Questions. Grading: ATLs Homework Exam:Monday 16/17 November. Section B: Economic News Articles-Questions. Grade: (A to F)

20. HOMEWORK TASKS & DUE DATES NOVEMBER 2015 Homework Task 6: Date Set: Monday 16-17 th November 2015 Date Due: Friday 27 November (3pm) Section A:IB Question International Economics. Grade: ATLs Section B:IB Economic Commentary. Grade: A to F Homework Exam:Monday 30 th November / Tuesday 1 st December. Section A: IB Question International Economics. Grade: A to F

21. MAJOR EXAMS – SEMESTER 1 2015 In addition to homework exams, the following exams will cover the general content of the classes. The length will vary: Exam 1: Date: Monday August 24 & August 25 (depending on class) Content: Macroeconomics. Exam 2: Date: Tuesday 8 th September / Wednesday 9 th September. Content: Macroeconomics. Exam 3 Date: Monday 26 th October / Tuesday 27 th October Content: International Economics Exam 4 Date: Monday 23rd November / Tuesday 24 th November Content: International Economics

22. SEMESTER FINAL EXAM: DECEMBER 2015 PART A: IB PAST PAPER (Macroeconomics) PART B: IB STYLE QUESTIONS (International Economics)

23. IB ECONOMIC COMMENTARIES As you can see from the homework schedule the first IB commentary for homework will be in November this year. On return from the winter vacation in January, the focus of homework will be exclusively on commentaries until March, in addition to IB past papers. The reason it is best to leave commentaries for the January to March period is that we will not finish international economics until February. In addition selected articles from 2016, always creates a very positive vibe with IB markers. However, some articles we used in the junior year can still be used (mainly from microeconomics) The commentaries submitted in your junior year will be reviewed later in the academic year. Furthermore your knowledge progressively develops throughout the course. Writing your commentaries later in the course, has its advantages.