Year 10 Assessment Booklet 2020

IB MYP YEAR 10 – ECONOMICS

SEMESTER STATEMENT OF INQUIRY

CONCEPT

GLOBAL CONTEXT

CONTENT

ASSESSMENT

Rent Vs Buy decision Independent living requires an understanding of changing personal needs and the limitations of scarce resources. Income taxation and spending in a global world According to the capitalist model free interactions between consumers and businesses facilitates efficient use of resources and economic growth. International Travel and Work We can use our travel choices to contribute to more equitable social outcomes in other countries International Business and Trade Globalisaton and the associated economic change has created economic growth but also problems of sustainability and inequity. .

Change Identity Scarcity

Research Assignment: Rent Vs Buy (Knowing and Understanding, Investigating, Thinking Critically, Communicating) Distributed 17.02.20 Progress check / action plan: 19/3/20 Date Due: 31.03.20 Examination (May). The Economic Cycle in Australia (Knowing and Understanding, Thinking Critically, Communicating) WB25 May Research Assignment Working Overseas (Knowing and Understanding, Investigating, Thinking Critically, Communicating) Distributed WB 13.07.20 Draft/progress check 17.08.20 Date Due: 25.08.20 Examination (November). International Trade (Knowing and Understanding, Thinking Critically, Communicating)

Identities and Relationships

• Moving from home – rent or buy • Arranging accommodation • Managing household finances

ONE

• Circular flow of income • Business cycle • Interest rates and price changes • Gross Domestic Product • Monetary vs fiscal policy • Inflation • Exchange rates • Current economic issues • International work and travel • Solving visa problems • Working overseas • Profit & Non profit organisations • Active community participation • International trade & finance • Global links between economies • New opportunities and structural change and the impact on employment • Winners and losers from trade • Stakeholder perspectives on trade

Global interactions Models Growth Resources

Fairness and Development

Time, place, space Choice Equity Sustainability

Fairness and Development

TWO

Change Growth Equity Sustainability

Globalisation and sustainability

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