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'O' LEVEL ECONOMICS

'O' LEVEL ECONOMICS. What is Economics? http://www.youtube.com/watch?v=IEq4yjjRMPo. -Studies human behavior i.e. how people make choices, why some countries are not as developed as the rest, why prices keep increasing, how government policies affect the development of the countries….

miroslav-solovyov
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'O' LEVEL ECONOMICS

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  1. 'O' LEVEL ECONOMICS

  2. What is Economics? • http://www.youtube.com/watch?v=IEq4yjjRMPo

  3. -Studies human behavior i.e. how people make choices, why some countries are not as developed as the rest, why prices keep increasing, how government policies affect the development of the countries…

  4. The Beginning • Started as an enrichment class with 20 Secondary 2 students in 2006 • 5 students took ‘O’ level in 2007 with 3 achieving distinction & 2 B3

  5. The Journey • Since 2007, ‘O’ level Economics is offered to Secondary 3 Express and Normal (Academic) students • Lessons were conducted after curriculum time in 2006 to 2007

  6. The Journey • From 2008 onwards, lessons were conducted during curriculum time • Results of 2008 ‘O’ level were very promising

  7. Profile • Currently, there are 41 Secondary 3 students

  8. Pedagogy • Newspaper articles • Bak Kwa Buys • Protectionism

  9. Pedagogy • Activities • Economics is everywhere • Needs vs Wants • My Dream Job!

  10. Pedagogy • Online Activities • Escape from Barter Island • Explore money around the world • http://www.youtube.com/watch?v=ggxX1hPLbg0

  11. Activities • World Trade Game • Financial Literacy Carnival • MoneySense Game • International Studies Program • -Ho Chi Minh City, Vietnam

  12. World Trade Game • Understand the economic situation of various countries • Substitute each country’s weakness with other country’s strength for each country’s development

  13. World Trade Game • Gain an experience of barter trade as well as understand demand and supply in real life • Create interest and discussion about the world trading system in an enjoyable and non-academic way

  14. Reflections • As representatives of a country, we had to practice some governing principles, like being forward looking • This could be done by collaborating, setting up agreements with other countries for later rounds

  15. Reflections • We could see from real life situations why barter trade is not an efficient way to obtain what we need • In this game, we had to apply concepts we learnt in economics, such as demand and supply, barter trade, etc

  16. Financial Literacy Carnival • Promote financial literacy amongst students and adults • A variety of activities including a skit on money management, a financial education amazing race and Praxis Board games

  17. Q & A

  18. Thank You!

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