ECONOMICS SCOPE & SEQUENCE for GRADE 10

ACADEMIC YEAR 2023/24 Term i/ii/iii.

Teacher(s): Ms. Rana Tarek

SCOPE SEQUENCE
Learning Learning Objectives L. Resources &
By the end of the unit Time Frame Assignments & Assessment
Standards/Outcomes Activities
Ref. Curriculum Doc. Know Understand Do From To Textbook Extra
1.1 THE BASIC Unlimited wants Resources Discuss and give WK 1 SEPT Activities Problem sets:
examples of the from
Limited are limited
ECONOMIC economic Cambridge Research /Inquiry tasks
resources and problem in the IGCSE O
PROBLEM contexts of: LEVEL Case studies:
Scarcity. decisions
consumers;
Economic and have to be workers; Case study Presentations:
producers; and based
free goods made by
governments. worksheets Quizzes
individuals ,f
irms and
Differentiate Tests
between needs
government and wants. Portfolios:
on how to
Differentiate
allocate
between
resources to economic goods
and free goods.
satisfy
peoples
unlimited
needs and
wants.

1.2 THE FACTORS Factors of Production of Describe the WK 2 SEPT Activities

different factors from
production / any good or
OF PRODUCTION of production Cambridge
Resources. service require and explain their IGCSE
nature.
resources ,know
Case study
n as factors of based
 production Explain the worksheets
causes of
changes in
quantity and
quality of factors
of production.

Identify the
factors of
production with
their rewards

1.3 OPPORTUNITY Opportunity cost opportunity cost Examine the WK 3 SEPT Activities
influence of from
is the cost of the influences the
COST opportunity cost Cambridge
next best decision made on decision IGCSE O
making LEVEL
opportunity by
forgone consumers ,wor Explain Case study
decisions made based
kers, producers
by consumers, worksheets
and government workers,
producers and
governments
when allocating
their resources.

•Identify the
main methods of
production

1.4 PRODUCTION PPC represents PPC shows the Differentiating WK 4 SEPT Activities
from
the maximum productive between
POSSIBILITY Cambridge
combination of capacity of an movement and IGCSE O
CURVE (PPC) LEVEL
goods and economy. shift on PPC.
 services which Case study
based
can be produced Explain the
worksheets
significance of
in an economy.
the location of
production
points.
Movements
along a PPC
and opportunity
cost. The causes
and
consequences
of shifts in a
PPC in terms of
an economy’s
growth.

Explain the
significance of
the location of
production
points.
Movements
along a PPC
and opportunity
cost. The causes
and
consequences
of shifts in a
PPC in terms of
an economy’s
growth.

THE ALLOCATION OF Microeconomics Macroeconomic Differentiate WK 5 OCT Activities

from
RESOURCES Macroeconomics s attempt to between
Cambridge
2.1 explain what is microeconomics IGCSE O
LEVEL
likely to happen and
MICROECONOMICS
to the economy macroeconomics Case study
AND based
as a whole if and the decision
worksheets
MACROECONOMICS certain factors makers involved
 change. in each.

Describe how
resources are
allocated in the
market and
mixed economic
systems.

2.2 THE ROLE OF Market system. All economic Explain the key WK 6 OCT Activities
from
Market system must questions about
MARKETS IN Cambridge
equilibrium. address three resource IGCSE O
ALLOCATING LEVEL
Market key economic allocation in a
RESOURCES Disequilibrium. questions about market system. Case study
based
Price determining
worksheets
Mechanism. resource Draw and
allocation. interpret
demand and
supply
schedules to
establish
equilibrium and
demand price
and sales in a
market.

Explain how
changing market
conditions cause
price changes.

Use demand
and supply
diagrams,
 illustrate
changes in
market
conditions and
their
consequences
for equilibrium
prices and sales

2.3 DEMAND Effective A rising market Draw and WK 7 - 8 Activities

interpret from
demand and the price for a
appropriate OCT Cambridge
Law of demand. product may demand IGCSE O
diagrams. LEVEL
signal that
consumer Distinguish Case study
between based
demand for that
individual and worksheets
product is rising market demand.
and becoming
Demonstrates
more profitable the principle of
to make and equilibrium price
and analyze
sell. As a result,
simple market
firms may situations with
allocate more changes in
demand and
resources to the supply.
production of
•Describe the
that product. In changes in
contrast, if the demand and
supply
market price and
conditions and
profitability of a analyses such
product is falling, changes to show
effects in the
firms may market.
decide not to
• Describe using
produce it extensions
anymore. This movements in
unit looks at how following
this price demand along
and contractions
mechanism in demand
works. curve.

• Explain -
causes of shifts
supply curve,
using the
following
economic terms
a decrease in
supply and
increase in
supply.

•Define, draw
and interpret
demand and
supply
schedules to
establish
equilibrium and
demand price
and sales in a
market.

•Explain how
changing market
conditions cause
price changes.

•Use demand
and supply
diagrams ,illustra
te changes in
market
conditions and
their
consequences
for equilibrium
prices and sales
2.4 SUPPLY Supply and the Firms earn Draw and WK 9 - 10 Activities
from
law of supply. higher profit if interpret
NOV Cambridge
they supply demand and IGCSE O
LEVEL
more and have supply
more incentives schedules to Case study
to supply their establish based
products at equilibrium and worksheets.
higher prices. demand price
and sales in a
market.

2.5 PRICE Market Market Market clearing WK 11 NOV Activities

from
equilibrium and equilibrium is a point is
DETERMINATION Cambridge
disequilibrium. position where established IGCSE O
LEVEL
Shortages and demand for a when demand
Surplus of product is equal for a product is Case study
products in an to supply. equal to the based
economy. supply and there worksheets
is neither
shortage nor
surplus is
resources are
efficiently
utilized.

END OF TERM ONE

BEGINNING TERM 2
2.5Price Price changes, Changes in non- Discuss the JAN Activities
from
Movement and price factors that consequences
determination. WK 2 Cambridge
shift. affect demand of price changes IGCSE O
LEVEL
and supply will of products.
2.6 PRICE cause change in Case study
based
CHANGES equilibrium price Explain the
worksheets
and quantity causes of price
traded. changes.

Explain how
changing
market
conditions cause
price changes

2.7 PRICE Price elasticity The law of Demonstrate JAN Activities

from
ELASTICITY OF of demand demand states the usefulness Cambridge
that as the price of price WK 3 - IGCSE O
DEMAND elasticity in LEVEL
of a good or
particular
service Case study
situations for based
increases, the
example worksheets
quantity revenue
demanded fall, changes
all things being
equal. However,
the degree of Using an
responsiveness
appropriate
of the change in
quantity
diagram,
demanded will describe the
vary depending
demand for a
on the concept
of price elasticity
product with a
 of demand PED value that
(PED).
is greater than
1.
Explain why
the demand for
certain
products is
price inelastic.

2.8 PRICE Price elasticity Supply is Elastic Draw and JAN – FEB Activities
from
of supply. if producers can interpret supply
ELASTICITY OF WK 4 Cambridge
Price elastic quite easily curve diagrams IGCSE O
SUPPLY LEVEL
supply exists if increase supply to show different Test 1
firms can easily without delay if PES. Case study
Reflection based
increase the there is an
worksheets
supply of a increase in price Demonstrate the and
product in the of the product. significance of Feedback
short run This can help PES for decision
following an give firms a makers.
QUIZ 1
increase in the competitive
price, i.e., supply advantage as Define and
is relatively they are able to calculate the
responsive to respond to price elasticity of
the change in changes in supply.
price. price.

2.9 MARKET Market economic An economic Discuss the FEB Activities

from
system system refers to advantages and
ECONOMIC SYSTEM WK 5 – 6 Cambridge
the institutions disadvantages IGCSE O
LEVEL
and of various Test 2
mechanisms economic Case study
 that determine systems in an Reflection based
worksheets
how an economy.
economy's
and
resources are Feedback
allocated in
QUIZ 2
order to address Distinguish
the basic between
economic Command and
questions of Mixed economic
what, how, and system.
for whom
production
Activities
should take Define the from
Cambridge
place. Hence, market
IGCSE O
these institutions economic LEVEL
and system.
Case study
mechanisms based
worksheets
influence the
behaviour of
economic
agents in a
particular
community,
society, or
country.

2.9.1 MARKET Externalities Market failures Discuss MARCH Activities

from
Economic result in a advantages and
FAILURE WK 7- 8 Cambridge
system misallocation of disadvantages IGCSE O
LEVEL
Mixed economic resources or an of the market
system inefficient economic Case study
based
allocation of system.
worksheets
resources and a Analyze the
reduction in concept of
social and market failure as
Preparation
economic a failure of the E.O.T 2
welfare. This market to
EXAM.
means that other achieve
uses of allocative
resources and efficiency.
market Describe the
outcomes will be concepts of
more efficient marginal private
and worthwhile benefits (MPB),
but a market marginal social
economic benefits (MSB),
system will not marginal private
achieve them. costs (MPC) and
The more the marginal social
government costs (MSC).
intervenes in an
economy more
markets it
controls, the
smaller the role
for private firms
and consumers
to freely
determine what
goods and
services are
produced,
 END OF TERM TWO

2.9.2 MIXED Mixed The mixed •Discuss APR Activities

from
economic. economic government
ECONOMIC SYSTEM WK 1 - 3 Cambridge
system. system - As the intervention to IGCSE O
LEVEL
Minimum price. name suggests, address market
Maximum price. this type of failure. Case study
based
economic
worksheets
system •Explain
combines maximum and
elements of both minimum wage.
the planned
economy (with
state • Define the
intervention in mixed economic
economic systems.
activity and
resource
allocation) and
the market
economy (with
economic
activity from the
private sector).

3.1 MONEY & The forms of Money is any Describe the MAY Activities
from
BANKING money. commodity that forms, functions
Cambridge
is extensively and
WK 4 - 5 IGCSE O
 used and characteristics of LEVEL
accepted as money.
Case study
a medium of based
worksheets
exchange (or
means of Explain the role
payment) for the and importance
purchase of of central banks.
goods and Discuss the role
services. In the of commercial
past, money has banks in your
included country.
commodities
such as cloth,
grain, livestock,
metals, precious
stones, salt, and
shells. Today,
money includes
but is not limited
to official bank
notes and coins.
It also includes
the country's
stock gold
reserves, foreign
currencies, and
bank account
deposits.

3.2 HOUSE HOLDS Spending, There is a direct Discuss factors MAY Activities
from
saving, & relationship that influence
WK 6 - 7 Cambridge
borrowing. between the households IGCSE O
LEVEL
level of spending,
Case study
household savings and
based
income and the borrowing. worksheets
amount of
spending, i.e., Explain
households with problems that
higher levels of may arise
Activities
income tends to because of low
from
spend more. savings ration in Cambridge
IGCSE O
The most an economy.
LEVEL
significant factor
Case study
that determines
based
the amount of Analyze the worksheets.
money that effect on the
individuals and economy of a
households high ratio of
spend on goods borrowing to
and services is disposable
their income. income.
Income is the
collective term
for the return on
the factors of
production,
comprising of
rent (land),
wages and
salaries (labour),
interest (capital),
and profit
(enterprise).
 END OF TERM THREE

Moderated by: Mr. Hussein. Audited & Approved by: Mr. Bryan