Economics — Macroeconomics

Exam board: CCEA  |  Back to subjects

Board-Specific Note

CCEA specification; taken in Northern Ireland.

Learning Objectives

• Measure economic growth
• Explain inflation and unemployment
• Use fiscal and monetary policy

Key Points

• GDP as a measure of output
• Inflation = sustained price rise
• Fiscal (tax/spending) and monetary (interest rates) policy

Lesson Plan (50 minutes)

1. Starter (5 min): Recall prior knowledge of macroeconomics with quick questions.
2. Teaching (15 min): Work through each of the learning objectives, explaining principles step by step.
3. Key points review (5 min): Revisit the key points together, confirming understanding.
4. Worked example (10 min): Model the example question: Name a cost of inflation. Solution: Reduced purchasing power / uncertainty
5. Practice (10 min): Students attempt the practice questions independently; circulate and support.
6. Plenary (5 min): Review answers and address misconceptions.

Homework

• Define GDP
• Explain why unemployment matters
• Give an example of fiscal policy

Assessment

Check practice answers against the model answer; use the built-in practice questions as formative assessment.