Economics class podcast: Rishi Sunak’s dash for oil and gas
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
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Specification:
Factors of production, externalities
Click to read the article below and then answer the questions:
Rishi Sunak’s dash for oil and gas
Distinguish between the primary, secondary, and tertiary sectors
Identify the factors of production
Use a diagram to explain how a nation’s factor endowments determine the position of its Production Possibility Curve (PPC)
Distinguish between i) a positive externality; and ii) a negative externality
Using a demand and supply diagram, analyse the intended effects of Ultra Low Emissions Zones (ULEZ)
Identify three factors which are constraining the government’s ability to spend more on public services
Distinguish between positive and normative economic statements
Evaluate the extent to which a government should prioritise global issues such as the environment over individual freedoms
Gavin Clarke, Emmanuel College
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