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Overview of HL1 Economics Course Assessment for 2012-2013 School Year

This document outlines the assessment methods for the HL1 Economics course during the 2012-2013 academic year. Key components include fortnightly exams and homework assignments, with specific dates for assessments in Semester 1. Students will engage in analysis of current affairs through articles from reputable sources and participate in a Presidential Campaign project focusing on U.S. economic issues. Major exams include a 90-minute mid-term and a 2-hour final exam covering topics in microeconomics.

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Overview of HL1 Economics Course Assessment for 2012-2013 School Year

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  1. HL1 ECONOMICSCOURSE OVERVIEW 2012-2013 School Year

  2. ASSESSMENT IN HL1 ECONOMICS FortnightlyExams/Quizes • Short 20 to 30 minute exams, covering the theoretical components of the course. • Weight 4 Homework • Set once every 2 weeks. • Weight 5

  3. FortnightlyExams – Dates Semester 1 • Wednesday 22nd August • Monday 3rd September • Tuesday 17th September • Monday 22nd October • Tuesday 6th November • Tuesday 20th November

  4. Homework Structure • You will have five articles to read with associated questions. These questions will include comprehension analysis and research components. • The emphasis of the homework is always on news & current affairs. • Articles will be sourced from magazines like Businessweek, Fortune Magazine & The Economist and newspaper like the New York Times. • When answering research questions, the source(s) of your information must be clearly identified. Note: wikipedia is not an acceptable source. • Some limited class time may be provided to start homework, but many hours will be required at home.

  5. Homework Dates – Semester 1

  6. Assessment Item: Managing the US EconomyPresidential Campaign & Debate Part A: Campaign Materials: Friday 26th October Part B: Economic Debate: Monday 29th October • Each person will prepare a 10 minute speech, supporting by a range of visual aids, includes graphs, charges and other appropriate images. • In addition each person will be required to engage in rebuttal of at least 2 minutes duration. Weight: 15

  7. US Presidential Debate: Economic Issues Structure • The class will be divided into two opposing political teams – The Democrats & the Republicans. • The Democrats will choose their leader to be President Obama and the Republicans will choose their leader – Mit Romney.

  8. US Presidential Debate: Economic Issues: Characters for Debate

  9. US Secretary of Labor THE DEMOCRAT TEAM US Treasury Secretary US Secretary of State Secretary of Health

  10. US Vice PresidentialCandidate Paul Ryan High Profile Republicans Marco Rubio – Senator from Florida The Republican Team High Profile Republicans Speaker of the House John Boehner Former Presidential Candidate Michelle Bachmann

  11. Major Examinations in Semester 1 End of Quarter 1: Monday 1st October • 90 minute examination. End of Semester 1: Exam Week 7th to 12th Dec • 2 hour examination

  12. HL1 ECONOMICS (Grade 11)Semester 1: Micro Economics • Supply & Demand • Market Equilibrium • Elasticities • Indirect Taxes & Subsidies • Costs, Revenue & Profits • Perfect Competition • Monopoly • Monpolistic Competition • Oligopoly • Price Discrimination • Market Failure

  13. HL1 ECONOMICS (Grade 11)Semester 2: Macroeconomics • Aggregate Demand • Aggregate Supply • Macroeconomic Equilibrium • Low Unemployment • Inflation • Economic Growth • Income Distribution

  14. HL2 ECONOMICS (Grade 12)Semester 1: International Economics • Free Trade & Protectionism • Exchange Rates • Balance of Payments • Economic Integration • Terms of Trade.

  15. HL2 ECONOMICS (Grade 12)Semester 2: Development Economics • Measuring Development • Domestic Factors & Economic Development • International Trade & Economic Development • Foreign Direct Investment • Aid, debt and economic development • The balance between markets & intervention

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