MCS Economics

A-Level preparation

Preparation for Sixth FormContent you will be tested on:

1. The basic economic problem - EconPlusDal / Mr Sinn2. Positive and normative economic statements - EconPlusDal / KhanAcademy3. Production possibility curves - EconPlusDal / Jacob Clifford / Tutor2U / KhanAcademy4. Demand and the demand curve - EconPlusDal / KhanAcademy(1) / KhanAcademy (2)5. Supply and the supply curve - EconPlusDal / KhanAcademy (1) / KhanAcademy (2)6. Market equilibrium & disequilibrium - EconPlusDal / KhanAcademy 7. Microeconomic equilibrium shifts - EconPlusDal / KhanAcademy(1) / KhanAcademy(2)8. The functions of the price mechanism - EconPlusDal / Tutor2U (Article / Tutor2U (Video)9. Consumer and producer surplus - EconPlusDal / Economics Mafia / Jacob Clifford / KhanAcademy (1) / KhanAcademy (2) / KhanAcademy (3)

For each topic, you should: 1) Take detailed notes on the suggested videos

a) Pause the video regularly and check that you can recall what was saidb) Turn off the video, try to recreate it yourself from memory on a blank page. Check the video and add in details. Repeat this until you can recall the whole thing from memory

2) Study the textbook pages in this document a) For each small section, cover up the material, test yourself, then correct your answers.b) Answer the questions at the end of each section

3) Test yourself throughouta) Try the multiple choice questions in each section if they are includedb) Have you committed it long term memory? c) Can you recall what you have learnt without checking your notes?

Extension material 1. KhanAcademy - Microeconomics / Macroeconomics2. EconPlusDal - Keep on going through the series for a headstart when you start A-Levels. 3. Additional reading (see next slide)

Additional reading

1 The Basic Economic Problem

Practice questions

2 Positive and normative statements

Practice questions

3 Production possibility frontiers

Practice questions

Practice questions

4 Demand

Practice questions

5 Supply and the supply curve

6 Market equilibrium

7 Shifts in market equilibrium

Practice questions

7 Price and the allocation of resources

8 Consumer and producer surplus

Tutor2U Practice Questions