ECONOMICS-03 · Secondary · ENGLISH · PLANNED
State the question and assumptions, draw the model, analyse evidence and test competing explanations.
Study time is an initial activity estimate, excluding extra reading, revision and extended laboratory or project work. Videos and question bodies have not been produced by adding this outline.
Complete these courses or demonstrate equivalent knowledge. These are recommended prerequisites, not enforced enrolment locks.
YouTube playlist: ARK Economics | Principles of Macroeconomics
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Sign in to save this learning pathPractical outcome: Build a simple national-accounts table from fictional transactions.
Explain gdp using a visual and one worked real-world example. Context: Build a simple national-accounts table from fictional transactions. End with a prediction or check-for-understanding.
Explain value added using a visual and one worked real-world example. Context: Build a simple national-accounts table from fictional transactions. End with a prediction or check-for-understanding.
Explain expenditure components using a visual and one worked real-world example. Context: Build a simple national-accounts table from fictional transactions. End with a prediction or check-for-understanding.
Explain real gdp using a visual and one worked real-world example. Context: Build a simple national-accounts table from fictional transactions. End with a prediction or check-for-understanding.
Use the first concepts from this section. Build a simple national-accounts table from fictional transactions. Produce a labelled diagram, trace or calculation; explain each step and check one changed input.
3–6 questions on the preceding first-half concepts only: recall, visual interpretation, application and one plausible misconception. Explain each answer after submission.
Explain price indices using a visual and one worked real-world example. Context: Build a simple national-accounts table from fictional transactions. End with a prediction or check-for-understanding.
Explain inflation using a visual and one worked real-world example. Context: Build a simple national-accounts table from fictional transactions. End with a prediction or check-for-understanding.
Explain unemployment using a visual and one worked real-world example. Context: Build a simple national-accounts table from fictional transactions. End with a prediction or check-for-understanding.
Explain labour-force participation using a visual and one worked real-world example. Context: Build a simple national-accounts table from fictional transactions. End with a prediction or check-for-understanding.
Build a simple national-accounts table from fictional transactions. Work without the example, compare two cases, record assumptions and limitations, then self-review correctness, reasoning and clarity.
6–12 questions covering GDP, Value added, Expenditure components and the remaining section concepts, with cumulative retrieval from earlier sections. Include a new transfer problem; 70% unlocks progression.
Practical outcome: Trace a fictional spending shock through households and businesses.
Explain aggregate demand using a visual and one worked real-world example. Context: Trace a fictional spending shock through households and businesses. End with a prediction or check-for-understanding.
Explain aggregate supply using a visual and one worked real-world example. Context: Trace a fictional spending shock through households and businesses. End with a prediction or check-for-understanding.
Explain business cycles using a visual and one worked real-world example. Context: Trace a fictional spending shock through households and businesses. End with a prediction or check-for-understanding.
Explain fiscal policy using a visual and one worked real-world example. Context: Trace a fictional spending shock through households and businesses. End with a prediction or check-for-understanding.
Use the first concepts from this section. Trace a fictional spending shock through households and businesses. Produce a labelled diagram, trace or calculation; explain each step and check one changed input.
3–6 questions on the preceding first-half concepts only: recall, visual interpretation, application and one plausible misconception. Explain each answer after submission.
Explain multipliers using a visual and one worked real-world example. Context: Trace a fictional spending shock through households and businesses. End with a prediction or check-for-understanding.
Explain money using a visual and one worked real-world example. Context: Trace a fictional spending shock through households and businesses. End with a prediction or check-for-understanding.
Explain central banks using a visual and one worked real-world example. Context: Trace a fictional spending shock through households and businesses. End with a prediction or check-for-understanding.
Explain monetary policy using a visual and one worked real-world example. Context: Trace a fictional spending shock through households and businesses. End with a prediction or check-for-understanding.
Trace a fictional spending shock through households and businesses. Work without the example, compare two cases, record assumptions and limitations, then self-review correctness, reasoning and clarity.
6–12 questions covering Aggregate demand, Aggregate supply, Business cycles and the remaining section concepts, with cumulative retrieval from earlier sections. Include a new transfer problem; 70% unlocks progression.
Practical outcome: Compare two hypothetical economies using real per-person measures.
Explain productivity using a visual and one worked real-world example. Context: Compare two hypothetical economies using real per-person measures. End with a prediction or check-for-understanding.
Explain capital accumulation using a visual and one worked real-world example. Context: Compare two hypothetical economies using real per-person measures. End with a prediction or check-for-understanding.
Explain human capital using a visual and one worked real-world example. Context: Compare two hypothetical economies using real per-person measures. End with a prediction or check-for-understanding.
Explain economic growth using a visual and one worked real-world example. Context: Compare two hypothetical economies using real per-person measures. End with a prediction or check-for-understanding.
Use the first concepts from this section. Compare two hypothetical economies using real per-person measures. Produce a labelled diagram, trace or calculation; explain each step and check one changed input.
3–6 questions on the preceding first-half concepts only: recall, visual interpretation, application and one plausible misconception. Explain each answer after submission.
Explain exchange rates using a visual and one worked real-world example. Context: Compare two hypothetical economies using real per-person measures. End with a prediction or check-for-understanding.
Explain trade balances using a visual and one worked real-world example. Context: Compare two hypothetical economies using real per-person measures. End with a prediction or check-for-understanding.
Explain capital flows using a visual and one worked real-world example. Context: Compare two hypothetical economies using real per-person measures. End with a prediction or check-for-understanding.
Explain living standards using a visual and one worked real-world example. Context: Compare two hypothetical economies using real per-person measures. End with a prediction or check-for-understanding.
Compare two hypothetical economies using real per-person measures. Work without the example, compare two cases, record assumptions and limitations, then self-review correctness, reasoning and clarity.
6–12 questions covering Productivity, Capital accumulation, Human capital and the remaining section concepts, with cumulative retrieval from earlier sections. Include a new transfer problem; 70% unlocks progression.
Combine all three sections: Compare two hypothetical economies using real per-person measures. Submit an original worked artifact, evidence or tests, assumptions and a reflection. Rubric: correctness, method, practical usefulness, reproducibility and communication. Self-reviewed, not certified.
6–12 balanced questions sampling every section of Principles of Macroeconomics, including interpretation, calculation or reasoning, a misconception and a new application. Passing is 70%; review errors before retrying.
Economic diagrams, synthetic datasets, calculations and evidence-based policy memos. Guided work leads to an independent attempt, with a diagram, explanation, trace, calculation or tested artifact. Question bodies are generated when opened in your private learning path. Programming submissions are stored as text; the platform does not execute submitted code.
Use original or appropriately licensed datasets. Practical science activities use models or supplied data unless a qualified supervisor has reviewed a physical experiment.
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