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Tuesday 21 March 2017

Thursday 16 March 2017

All Themes - Great article by the late Hans Rosling - economic growth and development

Click here to access a great article by the late Hans Rosling. the Swedish professor who made global health statistics compelling viewing.

Theme 2: Tutor2U assessment week mark scheme

Attached is the paper 2 mark scheme for the section A questions you completed.

Theme 4: Muhammad Yunus and Micro-financing - alternative economic development

Watch the first 5 or so minutes and ask yourdself the question, to what extent will this create economic development in sub Saharan Africa?

Monday 13 March 2017

Theme 4: Globalisation & Inequality 2015

We will be looking at this presentation after we have gone through the exam papers. In the meantime, try and watch the video clip.

Saturday 11 March 2017

GCSE Economics Paper

Please complete the paper below. It is a 2 hour IGCSE paper which covers exactly the same material that you will be tested on. It should take you at least the 2 lessons that I am going to miss (today and Monday).

We will work through this paper and the assessment papers you took over the 4 lessons we have left before the Spring Break.

It is essential that you take this activity seriously. Copy all answers into your exercise books. Thank you and see you on Tuesday.


Wednesday 8 March 2017

Theme 1: Negative externalities and market failure

This is a short revision video revising how negative production externalities can cause market failure.


Theme 1: Price Elasticity of Supply

Here is a short revision video looking at the link between the amount of spare capacity in a business and the price elasticity of supply. 


All Economists: The latest Economic Review - a must read

You all should take some time to read the latest 'Economic Review'. It is available in the library along with all recent back copies. The articles in there are all exam related and really useful for extra knowledge and application.


Monday 6 March 2017

Theme 4: Poverty, the Lorenz curve and the Gini coefficient

The Lorenz Curve shows the degree of income inequality in a given economy or population. The further away the Lorenz curve from the line of absolute equality (the 45° line), the greater the degree of income inequality. Lorenz curves can also be used to illustrate wealth inequality.


This is a really interesting MC question on causes of a shift in a country's Lorenz Curve. A Gini coefficient of zero expresses perfect equality where all values are the same (for example, where everyone has an exactly equal income). A Gini coefficient of one (100 on the percentile scale) expresses maximal inequality among values (for example where only one person has all the income).