Pre-course task for 2015 entry AS Economics Why do I need to complete a pre-course task? The task is designed to allow your teacher to assess important skills at the start of the course, which they can use for planning student activities, identifying where support might be needed and to help in the assessment of your suitability for the AS level course. We have found that some students elect to take an AS level without recognising the skills needed to receive a high grade in an examined course; such students may be better suited to a vocational qualification, which is only assessed by coursework at this time. Your performance in the task will allow your teachers to support you fully to ensure you are on the right course to maximise your performance. When should I hand it in? You should have completed this task by Monday 29th June which is our Welcome Day; you will shortly be receiving an invite to this event. You should hand it in to your subject workshop leader on this day. Please ensure your name is written on the top of every page of work you produce. How will I be given feedback on how well I have done? Your teacher will mark and return your work before the end of enrolment. This will include written feedback outlining the effectiveness of your skills in areas such as; research, application and analysis. This work comprises an element of the assessment used during induction. Task In Detail 1. 2. 3. 4. Research and apply a range of economics key terms Complete numerical questions and apply economics key terms to the data Outline what economics is Explain the skills you believe you will need to develop to be successful in economics Suggested reading references http://www.economicsonline.co.uk/Competitive_markets/What_is_economics.html http://www.tutor2u.net/economics/revision-notes/index.html Please complete the following questions Huddersfield New College, New Hey Road, Huddersfield, HD3 4GL Telephone: 01484 652341 email: info@huddnewcoll.ac.uk www.huddnewcoll.ac.uk 1. Define and explain the following key terms: Key term Economic Problem Definition Wants Needs Factors of production Goods Services Scarcity Opportunity cost Economic welfare Huddersfield New College, New Hey Road, Huddersfield, HD3 4GL Telephone: 01484 652341 email: info@huddnewcoll.ac.uk www.huddnewcoll.ac.uk Explanation and example The table below identifies where the government spends money within the economy for 2014/2015: Use the data to answer the following questions: 1. Calculate the percentage of government spending allocated to the following areas: Area of Percentage of total Include here workings spending spending Health Education 2. The government is at present attempting to spend less in the economy due to a lack of money. This will ultimately mean less funding available for areas such as health and education. Apply the following key terms to the government’s predicament: a. Scarcity___________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ Huddersfield New College, New Hey Road, Huddersfield, HD3 4GL Telephone: 01484 652341 email: info@huddnewcoll.ac.uk www.huddnewcoll.ac.uk b. Economic problem_______________________________________________________ ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ c. Opportunity cost___________________________________________________________ ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ 3. Based on your research, what do you believe Economics is? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ Huddersfield New College, New Hey Road, Huddersfield, HD3 4GL Telephone: 01484 652341 email: info@huddnewcoll.ac.uk www.huddnewcoll.ac.uk 4. Outline what skills you believe you will need to develop in order to be successful in economics ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ 5. Explain why you have chosen to study economics ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ Huddersfield New College, New Hey Road, Huddersfield, HD3 4GL Telephone: 01484 652341 email: info@huddnewcoll.ac.uk www.huddnewcoll.ac.uk