AQA AS Economics-Level 3 Unit 1: Markets and market failure Exam Date: June 3

Housing Market Research Project:
www.bized.co.uk/current/research/2004_05/090505.htm



Ten ways to improve your evaluation skills and marks
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Exam Technique for exams on June 3rd:
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Economics Spec:
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Student Guide:
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Sample Unit 1 Exam Paper:
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Sample Unit 2 Exam Paper:
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LEARNING OUTCOMES:
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Economics Q&A
Submit your Economics study question to tutor2u:
https://tutor2u.wufoo.com/forms/economics-qa/

Study Skills: Data Response Questions:
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Evaluation @ AS helpsheet:
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The Economic Problem and Opportunity Cost:
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The Economic Problem Mindmap:
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Opportunity Cost Mindmap:
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Production Possibility Frontier:
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Supply and Demand Revision Sheet:
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"Spotlight" on Elasticity:
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Elasticity PowerPoint Slides:
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What is Price Elasticity all about?
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Worksheet on Elasticity:
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Elasticity Revision Sheet:
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Elasticity Mindmap:
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Housing Market Worksheet:
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Housing Market Online Questions:
www.bized.co.uk/timeweb/digging/dig_verifying_work3.htm

Determination of a house price simulation:
www.bized.co.uk/virtual/vla/house_prices/HousePricesIn.pfn


Levi Roots visits Turin Grove

Last Friday, 200 college students and some business studies students had the opportunity to listen to and meet with Levi Roots.

Levi Roots is a reggae musician, chef and entrepreneur currently residing in Brixton, South London.
Levi is the founder of Reggae Reggae sauce and has appeared on the BBC show Dragon Den.

He has also sung Happy Birthday to Nelson Mandela and played football with Bob Marley! He has performed with James Brown and Maxi Priest and was nominated for a MOBO award in 1998

Reggae Reggae sauce is a jerk barbecue sauce made to his grandmother's "secret recipe". Levi has been using the sauce at his food stall at the annual Notting Hill Carnival since 1991. In 2006, the sauce was available for sale at the carnival, with 4000 bottles sold.

He later took the sauce to a food trade show, where he was spotted by a BBC producer who approached him to appear on Dragons' Den. He appeared in the first episode of the fourth series, and offered a 20% stake of his business in return for £50,000. He was offered the £50,000 for a 40% stake in his business by Peter Jones and Richard Farleigh.

The day before speaking with Turin Grove students, Levi had bought back 20% of his business from the Dragons for £225,000. We were the first school in the country to be told this news-another first for Turin Grove! Today Reggae Reggae sauce outsells Heniz Tomato ketchup!

He told students his inspiring and interesting story; from learning the recipe of his Reggae Reggae sauce from his grandmother in Jamaica to his upcoming album.

Students also received signed copies of bottles of his Reggae Reggae sauce and his cookbook.

Mr Casey
20/10/08






AS Economics

Our AS Economics had a really interesting experience last week! They were taught by none other than the Headteacher himself-Mr Averre-Beeson.

They spent a very enjoyable few hours on Wednesday morning learning about the current “credit crunch” and about the origins of money.

The students were very grateful that Mr Averre-Beeson took time out of his busy schedule.

Mr Casey
17/10/08




Last Wednesday, Business Studies and Economics students in Year 12 and 13 and Mr Casey, Mr Hood and Mr Percival had the opportunity to go to the Bank of England in central London. We learnt many interesting things on our visit. We learnt that a stable financial system is a key ingredient for a healthy and successful economy. People need to have confidence that the system is safe and stable, and that it functions properly. It is also important that problems in particular areas do not lead to wider disruption across the financial system.
The Bank of England's role is to contribute to maintaining the stability of the UK financial system. It aims to identify and draw attention to potential vulnerabilities and risks and to assist in efforts to ensure the system remains resilient and risks are reduced.
Substantial work is underway in the light of the recent financial market turmoil to help rebuild confidence in financial institutions, and to reduce the likelihood and impact of a recurrence.

Mr Casey
01/10/08