SS2 Second Term Economics Lesson Note and Scheme of Work
Week 1: Introduction to Macroeconomics
Lesson Note: Begin the second term by introducing macroeconomic concepts, such as aggregate demand and supply, inflation, and unemployment. Emphasize the interconnectedness of macroeconomic variables.
Activities: Discuss recent economic trends and their impact on the national economy.
Week 2: Fiscal Policy
Lesson Note: Explore fiscal policy tools, including government spending and taxation. Discuss how fiscal policy can be used to stabilize the economy.
Activities: Simulate a scenario where students propose fiscal policies to address economic challenges.
Week 3: Monetary Policy
Lesson Note: Examine the role of central banks in implementing monetary policy. Discuss interest rates, money supply, and their impact on the economy.
Activities: Analyze historical cases of successful and unsuccessful monetary policy.
Week 4: International Trade
Lesson Note: Introduce the principles of international trade, balance of payments, and exchange rates. Discuss the benefits and challenges of globalization.
Activities: Conduct a model United Nations session on global economic issues.
Week 5: Economic Development
Lesson Note: Explore factors influencing economic development, including human capital, technology, and infrastructure. Discuss strategies for sustainable development.
Activities: Assign projects on analyzing the economic development of a specific country.
Week 6: Economic Systems
Lesson Note: Compare different economic systems, including capitalism, socialism, and mixed economies. Discuss their strengths and weaknesses.
Activities: Organize a class debate on the merits of different economic systems.
Week 7: Public Finance
Lesson Note: Examine public finance, government budgets, and the role of taxation. Discuss how public spending impacts economic growth and development.
Activities: Analyze a national budget and propose adjustments for economic improvement.
Week 8: Environmental Economics
Lesson Note: Introduce the principles of environmental economics, addressing the relationship between economic activities and the environment. Discuss sustainable practices.
Activities: Conduct a project on assessing the environmental impact of a specific industry.
Week 9: Global Economic Issues
Lesson Note: Discuss current global economic challenges, such as climate change, income inequality, and trade disputes. Explore potential solutions.
Activities: Organize a panel discussion on global economic issues with guest speakers.
Week 10: Entrepreneurship and Innovation
Lesson Note: Explore the role of entrepreneurship and innovation in economic development. Discuss how creative thinking can drive economic growth.
Activities: Invite local entrepreneurs to share their experiences and insights.
Week 11: Revision Week
Lesson Note: Review key macroeconomic concepts and address any remaining questions. Conduct practice exams to prepare students for the upcoming examination.
Activities: Group study sessions, review quizzes, and interactive revision games.
Week 12: Examination Week
Lesson Note: Administer the final examination, covering all macroeconomic topics studied during the second term.
Activities: Ensure a controlled environment for the examination.
Week 13: School Dismissal Week
Lesson Note: Summarize the term’s macroeconomic learnings, celebrate achievements, and provide guidance for continued exploration of economic concepts during the break.
Activities: Reflect on the term, distribute report cards, and set expectations for the upcoming academic year.
