ECONOMICS-02 · Secondary · ENGLISH · PLANNED
State the question and assumptions, draw the model, analyse evidence and test competing explanations.
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Complete these courses or demonstrate equivalent knowledge. These are recommended prerequisites, not enforced enrolment locks.
YouTube playlist: ARK Economics | Principles of Microeconomics
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Sign in to save this learning pathPractical outcome: Calculate how a fictional demand change affects quantity and revenue.
Explain demand shifts using a visual and one worked real-world example. Context: Calculate how a fictional demand change affects quantity and revenue. End with a prediction or check-for-understanding.
Explain supply shifts using a visual and one worked real-world example. Context: Calculate how a fictional demand change affects quantity and revenue. End with a prediction or check-for-understanding.
Explain equilibrium changes using a visual and one worked real-world example. Context: Calculate how a fictional demand change affects quantity and revenue. End with a prediction or check-for-understanding.
Explain price elasticity using a visual and one worked real-world example. Context: Calculate how a fictional demand change affects quantity and revenue. End with a prediction or check-for-understanding.
Use the first concepts from this section. Calculate how a fictional demand change affects quantity and revenue. Produce a labelled diagram, trace or calculation; explain each step and check one changed input.
3–6 questions on the preceding first-half concepts only: recall, visual interpretation, application and one plausible misconception. Explain each answer after submission.
Explain income elasticity using a visual and one worked real-world example. Context: Calculate how a fictional demand change affects quantity and revenue. End with a prediction or check-for-understanding.
Explain cross-price elasticity using a visual and one worked real-world example. Context: Calculate how a fictional demand change affects quantity and revenue. End with a prediction or check-for-understanding.
Explain tax incidence using a visual and one worked real-world example. Context: Calculate how a fictional demand change affects quantity and revenue. End with a prediction or check-for-understanding.
Explain price controls using a visual and one worked real-world example. Context: Calculate how a fictional demand change affects quantity and revenue. End with a prediction or check-for-understanding.
Calculate how a fictional demand change affects quantity and revenue. Work without the example, compare two cases, record assumptions and limitations, then self-review correctness, reasoning and clarity.
6–12 questions covering Demand shifts, Supply shifts, Equilibrium changes and the remaining section concepts, with cumulative retrieval from earlier sections. Include a new transfer problem; 70% unlocks progression.
Practical outcome: Compare output choices using a synthetic bakery cost table.
Explain utility using a visual and one worked real-world example. Context: Compare output choices using a synthetic bakery cost table. End with a prediction or check-for-understanding.
Explain budget constraints using a visual and one worked real-world example. Context: Compare output choices using a synthetic bakery cost table. End with a prediction or check-for-understanding.
Explain production using a visual and one worked real-world example. Context: Compare output choices using a synthetic bakery cost table. End with a prediction or check-for-understanding.
Explain fixed costs using a visual and one worked real-world example. Context: Compare output choices using a synthetic bakery cost table. End with a prediction or check-for-understanding.
Use the first concepts from this section. Compare output choices using a synthetic bakery cost table. Produce a labelled diagram, trace or calculation; explain each step and check one changed input.
3–6 questions on the preceding first-half concepts only: recall, visual interpretation, application and one plausible misconception. Explain each answer after submission.
Explain variable costs using a visual and one worked real-world example. Context: Compare output choices using a synthetic bakery cost table. End with a prediction or check-for-understanding.
Explain marginal costs using a visual and one worked real-world example. Context: Compare output choices using a synthetic bakery cost table. End with a prediction or check-for-understanding.
Explain profit using a visual and one worked real-world example. Context: Compare output choices using a synthetic bakery cost table. End with a prediction or check-for-understanding.
Explain competitive supply using a visual and one worked real-world example. Context: Compare output choices using a synthetic bakery cost table. End with a prediction or check-for-understanding.
Compare output choices using a synthetic bakery cost table. Work without the example, compare two cases, record assumptions and limitations, then self-review correctness, reasoning and clarity.
6–12 questions covering Utility, Budget constraints, Production and the remaining section concepts, with cumulative retrieval from earlier sections. Include a new transfer problem; 70% unlocks progression.
Practical outcome: Evaluate an illustrative policy using efficiency and distribution separately.
Explain consumer surplus using a visual and one worked real-world example. Context: Evaluate an illustrative policy using efficiency and distribution separately. End with a prediction or check-for-understanding.
Explain producer surplus using a visual and one worked real-world example. Context: Evaluate an illustrative policy using efficiency and distribution separately. End with a prediction or check-for-understanding.
Explain efficiency using a visual and one worked real-world example. Context: Evaluate an illustrative policy using efficiency and distribution separately. End with a prediction or check-for-understanding.
Explain externalities using a visual and one worked real-world example. Context: Evaluate an illustrative policy using efficiency and distribution separately. End with a prediction or check-for-understanding.
Use the first concepts from this section. Evaluate an illustrative policy using efficiency and distribution separately. Produce a labelled diagram, trace or calculation; explain each step and check one changed input.
3–6 questions on the preceding first-half concepts only: recall, visual interpretation, application and one plausible misconception. Explain each answer after submission.
Explain public goods using a visual and one worked real-world example. Context: Evaluate an illustrative policy using efficiency and distribution separately. End with a prediction or check-for-understanding.
Explain common resources using a visual and one worked real-world example. Context: Evaluate an illustrative policy using efficiency and distribution separately. End with a prediction or check-for-understanding.
Explain information problems using a visual and one worked real-world example. Context: Evaluate an illustrative policy using efficiency and distribution separately. End with a prediction or check-for-understanding.
Explain equity trade-offs using a visual and one worked real-world example. Context: Evaluate an illustrative policy using efficiency and distribution separately. End with a prediction or check-for-understanding.
Evaluate an illustrative policy using efficiency and distribution separately. Work without the example, compare two cases, record assumptions and limitations, then self-review correctness, reasoning and clarity.
6–12 questions covering Consumer surplus, Producer surplus, Efficiency and the remaining section concepts, with cumulative retrieval from earlier sections. Include a new transfer problem; 70% unlocks progression.
Combine all three sections: Evaluate an illustrative policy using efficiency and distribution separately. Submit an original worked artifact, evidence or tests, assumptions and a reflection. Rubric: correctness, method, practical usefulness, reproducibility and communication. Self-reviewed, not certified.
6–12 balanced questions sampling every section of Principles of Microeconomics, including interpretation, calculation or reasoning, a misconception and a new application. Passing is 70%; review errors before retrying.
Economic diagrams, synthetic datasets, calculations and evidence-based policy memos. Guided work leads to an independent attempt, with a diagram, explanation, trace, calculation or tested artifact. Question bodies are generated when opened in your private learning path. Programming submissions are stored as text; the platform does not execute submitted code.
Use original or appropriately licensed datasets. Practical science activities use models or supplied data unless a qualified supervisor has reviewed a physical experiment.
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