Educators' Guide for Pedagogy and Assessment
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Learning Area: Humanities
Economics > LEVEL 10
Learning Area Outcome: I can formulate and pursue enquiries into aspects of the contemporary world using humanities concepts and forms of reasoning to develop, extend and organise my knowledge and understanding. I can evaluate and formulate an understanding of the Production Possibilities curve and its impact on economic development. I can use my learning in the humanities to help me explain processes of change and development in both the past and present and to reflect on possible future developments.
Subject Focus: Scarcity and Allocation of Resources
1] I can research and analyse economic case material to assess the environmental implications of different resource allocations in producing goods/providing services.
LEARNING TO DO
2] I can research the reasons for the Millenium Development Goals and evaluate the extent of their achievement.
LEARNING TO DO2] I can research the reasons for the Millenium Development Goals and evaluate the extent of their achievement.
Learning Area Outcome: I am able to use my understanding of the component disciplines of the humanities to locate, select, evaluate and reason with data relating to contemporary issues and to use my developing understanding of the humanities to locate these issues in wider historical, geographical and related contexts.
Subject Focus: Markets
1] I can question the varying degree of certainties that encompass individual demand curves and identify the usefulness of such a question for businesses in projecting their consumer demand.
COGNITIVE
2] I can determine the speed with which the market may return to equilibrium.
3] I can explain the usefulness of price elasticity of demand in particular situations and its impact on producers' revenues.
COGNITIVE2] I can determine the speed with which the market may return to equilibrium.
3] I can explain the usefulness of price elasticity of demand in particular situations and its impact on producers' revenues.
Learning Area Outcome: I understand how humanities subjects can help me develop insights into moral and ethical issues and into the diverse ways in which these issues have been understood in both the past and the present.
Subject Focus: Inequality
1] I can discuss why incomes are unevenly distributed between developed and developing countries.
Learning Area Outcome: I can use humanities concepts to help me explore contemporary social, economic, environmental and related issues and to think about challenges and opportunities that these issues raise.
Subject Focus: Market Failure
1] I can analyse case studies to understand the strengths and weaknesses of market-based versus law-based ways to tackle market failure.
2] I can debate the significance of market failure in the context of an economy dominated by free market behaviour and its exploitation of less developed countries.
LEARNING TO DO
2] I can debate the significance of market failure in the context of an economy dominated by free market behaviour and its exploitation of less developed countries.
LEARNING TO DOLearning Area Outcome: I know how to use my understanding of humanities issues to inform my thinking about everyday problem solving in local contexts and to help me think about large scale global challenges.
Subject Focus: How the Economy Works
1] I can investigate whether or not, a government is redistributing wealth properly and equitably, paying special attention to vulnerable categories.
2] I can evaluate the severity of a deficit or the extent of a surplus with reference to other factors e.g. a temporary demand shortfall in key customer countries.
COGNITIVE
2] I can evaluate the severity of a deficit or the extent of a surplus with reference to other factors e.g. a temporary demand shortfall in key customer countries.
COGNITIVELearning Area Outcome: I understand how the humanities can help me reflect on issues of identity and diversity in Maltese, European and wider global contexts and how these contexts can inter-relate and interact.
Subject Focus: Changes in the Macro Economy
1] I can identify the limitations of real GDP per capita in judging the performance of economies.
2] I can analyse government's attempts to stabilise economic activity by implementing fiscal policy, bearing in mind the possible trade-offs between e.g. the desire to boost growth and the desire to keep government debt under control.
3] I can explain the conflicts in achieving the various macro economic goals e.g. I can explain the trade-off between inflation and unemployment.
4] I can evaluate the possible advantages and disadvantages of a single currency such as the Euro.
2] I can analyse government's attempts to stabilise economic activity by implementing fiscal policy, bearing in mind the possible trade-offs between e.g. the desire to boost growth and the desire to keep government debt under control.
3] I can explain the conflicts in achieving the various macro economic goals e.g. I can explain the trade-off between inflation and unemployment.
4] I can evaluate the possible advantages and disadvantages of a single currency such as the Euro.
Learning Area Outcome: I understand how humanities subjects can help me develop insights into moral and ethical issues and into the diverse ways in which these issues have been understood in both the past and the present.
Subject Focus: Production, Costs and Efficiency
1] I can discuss that lowering of costs should not come through the exploitation of cheap labour nor at the expense of fair trade.
LEARNING TO DO
