Gr 12 Eco ATP 2023 24

2023/24 ANNUAL TEACHING PLANS: ECONOMICS: GRADE 12 2023/24 ANNUAL TEACHING PLANS: ECONOMICS: GRADE 12 (TERM 1) TERM 1 WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 WEEK 8 WEEK 9 WEEK 10 WEEK 11 CAPS TOPIC CIRCULAR FLOW BUSINESS CYCLES PUBLIC SECTOR INTERNATIONAL TRADE (FOREIGN EXCHANGE REVISION ASSESSMENT MARKETS) CORE • Open economy, closed economy Composition and features, explanation or causes, types of Composition and necessity of the public sector, • The main reasons for international trade CONCEPTS, • Role players in the economy, business cycles, government policy, monetary and fiscal problems of public sector provisioning, objectives of • Absolute and comparative advantages and SKILLS AND injections/leakages, economy in policy, new economic paradigm (smoothing of cycles), features the public sector, budgets, fiscal policy (including disadvantages the balance of payments, VALUES equilibrium, autonomous consumption, underpinning forecasting of business cycles Laffer curve) and public sector failure International Monetary Fund (IMF), correcting the MOC/MPS, four-sector model, national balance of payments surplus and deficit accounts aggregates and conversions, (disequilibria), foreign exchange markets and the multiplier establishment of foreign exchange rates REQUISITE Factors of production, production process, • National accounts, GDP, GDI, GDE (constant vs real Circular flow, participants in an economy, formation Open economy circular flow, markets, price formation PRE- roles of participants in the economy GDP), monetary policy (value of money, role of SARB, of government (structures), fiscal policy and market dynamics KNOWLEDGE interest rates, cash reserves requirements, credit (government spending, taxes and transfer reduction, open market transactions, moral suasion) payments) • Fiscal policy (government spending, taxes and transfer payments) RESOURCES YouTube videos, calculators, etc. SARB Quarterly Bulletin, calculators, Statistics South Africa GCIS, Auditor General’s finding reports, Statistics Map of the world, SARB Quarterly Bulletin, Statistics (OTHER THAN data manuals (demographic and economic statistics) SA data, SA Government website SA data manuals, YouTube videos, examples of quasi TEXTBOOK) currencies of the world, etc. TO ENHANCE LEARNING INFORMAL Class tutorials, group work, quizzes, class Class tutorials, group work, quizzes, class tests etc. Informal research/survey activities, peer teaching, Informal surveys, class tutorials, role play activities, ASSESSMENT tests etc. debates, class tutorials, class tests class tests SBA (FORMAL Assignment Task 1: Assignment Prepare for controlled test TASK 2: Controlled test: ASSESSMENT) Discuss task and assessment instrument before learners attempt it 50 marks 100 marks, 1½ hour Term 1 Content Complete in class Downloaded from hlayiso.com 1

2023/24 ANNUAL TEACHING PLANS: ECONOMICS: GRADE 12 2023/24 ANNUAL TEACHING PLANS: ECONOMICS: GRADE 12 (TERM 2) TERM 2 WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 WEEK 8 WEEK 9 WEEK 10 WEEK 11 CAPS TOPIC DYNAMICS OF MARKETS: PERFECT DYNAMICS OF MARKETS: IMPERFECT DYNAMICS OF MARKETS: MARKET INTERNATIONAL TRADE POLICIES ECONOMIC GROWTH AND MARKETS MARKETS FAILURES (PROTECTIONISM & FREE TRADE) DEVELOPMENT CORE Perfect competition, industry and individual Monopolies, duopolies, oligopolies, Concept: Market failures, causes of market • Protection and free trade, globalisation, major Economic growth vs. economic CONCEPTS, business, market structure, output (profits and monopolistic competition, market structures failure, misallocation of resources, protocols, export promotion, import development, demand side approach, SKILLS AND losses), competition policies consequences of market failures, cost-benefit substitution, free trade (arguments for and supply side approach, evaluation of the VALUES analysis (conserving vs using resources and against), desirable mix and evaluation of the approaches, SA endeavours, north/south public expenditure vs private expenditure) policies divide • Trade liberalisation and WTO • Forms of economic integration REQUISITE Price formation concepts: Demand and supply, The market, cost and revenue analysis, price The market, competition, PPC (efficiencies and Economic systems, four-sector model, north and • Wealth, scarcity, means of production, PRE- laws of supply and demand, cost and revenue elasticity of demand theory inefficiencies), public sector intervention south divide (Gr 11), absolute and comparative income inequality, economic growth and KNOWLEDGE analysis, price elasticity of demand theory advantage, economic integration and co-operation, development, unemployment, etc. for example: AU, SADC, NEPAD • Business cycles (government policy), Globalisation and WTO monetary policy, fiscal policy, economic growth and development • Globalisation • Meaning, causes, consequences • North and south divide • Methods of development • Common characteristics • Developing strategies South African endeavours RESOURCES Flip charts, PPT presentations, calculators, Flip charts, PPT presentations, calculators, Flip charts, PPT presentations, calculators, Map of the world, Imported and exported (by RSA) IMF publications, World Bank reports, (OTHER THAN writing board, graph paper, newspapers writing board, graph paper, newspapers writing board, graph paper, newspapers products (tangible examples to class), newspaper SARB Quarterly Bulletin, newspaper TEXTBOOK) (business section of the newspaper), TV (business section of the newspaper), TV (business section of the newspaper), TV articles (using USA as the current example of articles, online news, GCIS, etc. TO ENHANCE coverage on market trends, cartoons, etc. coverage on market trends, cartoons, etc. coverage on market trends, cartoons, etc. extreme protectionism), video clips, etc. Newspaper articles, TV coverage, Statistics LEARNING SA data INFORMAL Problem-solving based class tutorials, homework Problem-solving based class tutorials, Problem-solving based class tutorials, homework Informal surveys, class tutorials, role play activities, Class tutorials and discussions/debates, ASSESSMENT activities, debates and group discussions, class homework activities, debates and group activities, debates and group discussions, class class tests group or peer presentations, homework tests discussions, class tests tests exercise and class tutorials Group or peer presentations, homework exercise, class tutorials and class tests SBA (FORMAL Discuss task + assessment instrument (rubric/memo) before TASK 3: RESEARCH PROJECT Prepare for controlled test/June examination TASK 4: CONTROLLED TEST OR JUNE EXAMINATION controlled ASSESSMENT) learners attempt the task test 150 marks, 2 hours on term 1 & 2 work OR June exam 150 x 2 papers = 300 marks, 2 hours each Downloaded from hlayiso.com 2

2023/24 ANNUAL TEACHING PLANS: ECONOMICS: GRADE 12 2023/24 ANNUAL TEACHING PLANS: ECONOMICS: GRADE 12 (TERM 3) TERM 3 WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 WEEK 8 WEEK 9 WEEK 10 CAPS TOPIC ECONOMIC GROWTH AND GROWTH & DEV: ECONOMIC AND SOCIAL ECONOMIC ISSUES ECONOMIC ECONOMIC ISSUES OF THE TRIAL EXAMINATION DEVELOPMENT INDUSTRIAL INDICATORS OF THE DAY: ISSUES OF THE DAY: ENVIRONMENTAL Marks: 150 DEVELOPMENT INFLATION DAY: TOURISM SUSTAINABILITY Time: 2 hours CORE • Economic growth vs. economic Industrial development, • The performance of the economy, Inflation concept, Tourism concept, Environmental sustainability, state PAPER 1(MACRO/ECONOMIC PURSUITS) CONCEPTS, development regional development, SA economic indicators, money types, causes and reasons for growth, of the environment, measures to SKILLS AND endeavours and the supply/interest rates consequences, effects, benefits, SA ensure sustainability, international Section A Section B Section C • Demand side approach VALUES • Supply side approach appropriateness of SA • Social indicators and international inflation problem in profile (IKS), policy measures international Compulsory Answer only Choose only 1 • Evaluation of the approaches strategies comparisons SA and measures to suggestions agreements (inclusive of recent 2 • SA endeavours • Globalisation-IMF, World Bank combat inflation international agreements) Q.1 Q2-4 Q5-6 • North/south divide Marks: 150 REQUISITE • Wealth, scarcity, means of production, • Economic growth and • Economic growth and • Price formation: • Economic Basic economic problem, Time: 2 hours PRE- income inequality, economic growth and development, South African development strategies and Laws of demand growth and promotion or violation of human regional landscape and supply, development, PAPER 2 (MICRO/CONTEMPORARY ISSUES) KNOWLEDGE development, unemployment, etc. comparisons rights, economic redress (Grade • Business Cycles (Government Policy) • South Africa’s role and • Money supply market unemployment, 11), production possibilities, Section A Section B Section C Monetary policy, Fiscal policy relative economic importance • Money and banking aggregates poverty, public sector involvement Compulsory Answer only 2 Choose only 1 • Economic growth and development in Africa • Interest rates (shifts in AD/AS), population and The environment: • Africa’s economic Phillips curve, labour force Q.1 Q2-4 Q5-6 • Globalisation • Globalisation • The problem • Meaning, Causes, consequences demarcations, for example, monetary policy, • IKS Grade 11 Cognitive levels Fiscal policy • Protecting the • North and south divide AU and SADC Economic Lower order – 30% environment ** • Consumer Development • Methods of development • Approaches to Middle order– 40% inflation/producer • Common characteristics sustainability Higher order – 30% inflation • Developing strategies The global and local impact on • South African endeavours South Africa RESOURCES IMF publications, World Bank reports, Newspaper Articles, TV Newspaper Articles, TV coverage, Statistics SA, SARB GCIS booklet, SA Government Communication (OTHER THAN SARB Quarterly Bulletin, newspaper coverage, Statistics SA data Statistics SA data Quarterly Bulletin, Statistics SA, research articles on environment, TEXTBOOK) articles, online news, GCIS, etc. and provincial government Business Newspaper Department of SA Year Book, etc. TO ENHANCE Newspaper articles, TV coverage, communication reports. articles, YouTube Trade and LEARNING Statistics SA data Videos Industry/Tourism website, etc. INFORMAL Class tutorials and discussions/debates, Group or peer presentations, Class tutorials and Group or peer Class tutorials and ASSESSMENT group or peer presentations, homework homework exercise and class discussions/debates, class tests presentations, discussions/debates, class tests exercise and class tutorials tutorials, class tests homework exercise Group or peer presentations, homework and class tutorials, exercise, class tutorials and class tests class tests SBA (FORMAL Hhnndbh Discuss task + assessment instrument (rubric / memo) before learners TASK: 5 Case study 50 marks Preparation Task 6: Trial examination ASSESSMENT) Bchndfj attempt the task and revision for the trial examination Downloaded from hlayiso.com 3

2023/24 ANNUAL TEACHING PLANS: ECONOMICS: GRADE 12 2023/24 ANNUAL TEACHING PLANS: ECONOMICS: GRADE 12 (TERM 4) TERM 4 WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 WEEK 8 WEEK 9 WEEK 10 CAPS TOPIC PAPER 1 PAPER 2 FINAL EXAMINATION MACRO-ECONOMICS & ECONOMIC PURSUITS MICRO-ECONOMICS & CONTEMPORARY PAPER 1 ECONOMICS Marks: 150 MAIN TOPIC: MACRO-ECONOMICS MAIN TOPIC: MICRO-ECONOMICS Time: 2 hours CORE • Circular flow • Perfect markets PAPER 1 (MACRO/ECONOMIC PURSUITS) CONCEPTS, • Business cycles • Imperfect markets SKILLS AND Section A Section B Section C • Public sector • Market failure VALUES Compulsory Answer only 2 Choose only 1 • Foreign exchange markets MAIN TOPIC: ECONOMIC PURSUITS MAIN TOPIC: CONTEMPORARY ECONOMIC Q.1 Q2-4 Q5-6 • Protectionism and free trade ISSUES PAPER 2 • Economic growth and development • Inflation Marks: 150 • Growth & development: Industrial development • Tourism Time: 2 hours REQUISITE • Economic and social performance indicators • Environmental sustainability PAPER 2 (MICRO/CONTEMPORARY ISSUES) PRE- • Tourism KNOWLEDGE Section A Section B Section C RESOURCES Compulsory Answer only 2 Choose only 1 (OTHER THAN Q.1 Q2-4 Q5-6 TEXTBOOK) Cognitive levels TO ENHANCE LEARNING Lower order – 30% Middle order – 40% INFORMAL ASSESSMENT Higher order – 30% SBA (FORMAL Revision and Final examination ASSESSMENT) examination preparation Downloaded from hlayiso.com 4