GTLE Economics study plan

Map the Domain 1 blueprint into microeconomic and macroeconomic subtopics, then rank each subtopic by weight and by your current confidence

Derive and explain the core microeconomic models from first principles: scarcity and opportunity cost, comparative advantage, supply and demand equilibrium, and elasticity

Compute price, income, and cross-price elasticities from given data and interpret each coefficient in a short written paragraph

Build a one-page formula and graph reference sheet that you will reuse every week

Analyze consumer choice using indifference curves, budget constraints, and marginal utility, and predict substitution and income effects

Distinguish market structures (perfect competition, monopoly, monopolistic competition, oligopoly) and predict price and output outcomes in each

Explain how firms set output where marginal revenue equals marginal cost and derive short-run versus long-run supply behavior

Apply welfare analysis to consumer and producer surplus, including the deadweight loss of taxes, price floors, and price ceilings

Interpret national income accounts and compute GDP using expenditure and income approaches, distinguishing nominal from real and GDP from GNP

Model aggregate demand and aggregate supply and diagnose short-run versus long-run adjustment to demand and supply shocks

Differentiate the major schools of macroeconomic thought and explain what each predicts for policy effectiveness

Explain the money supply process, central bank tools, and the transmission channels from policy rate to output and prices

Explain fiscal policy multipliers, automatic stabilizers, and the crowding-out debate with reference to specific conditions

Analyze inflation types, the Phillips curve trade-off, and the expectations channel in wage and price setting

Apply international trade theory to tariffs, quotas, and exchange-rate regimes, predicting winners and losers in each case

Synthesize market failure, externalities, public goods, and asymmetric information into policy prescriptions

Deconstruct the Domain 2 standards into assessable learning objectives written at the analysis and evaluation levels

Design a unit sequence that builds economic reasoning through data interpretation and model application rather than recall

Construct a summative assessment blueprint that samples content and cognitive levels proportionally

Write and apply a scoring rubric for an extended economic-reasoning response

Select and justify instructional strategies for common economic misconceptions, including zero-sum thinking and confusion of correlation with causation

Analyze assessment data to identify item bias, miskeying, and distractor patterns, then revise two flawed items

Interpret the legal and regulatory framework governing teacher conduct, student records, and mandated reporting in your jurisdiction

Apply an ethical decision-making model to two realistic scenarios involving confidentiality, fairness in grading, and conflict of interest

Explain professional standards for integrity, impartiality, and appropriate teacher-student boundaries with concrete behavioral examples

Distinguish legal obligations from ethical aspirations when the two diverge, and justify a defensible course of action

Revisit the three weakest Domain 1 subtopics from your week 4 mock and resolve each with fresh worked problems

Explain how to handle assessment security, accommodations, and accessibility obligations without compromising validity

Complete two full-length timed simulations under exam conditions and score them by domain

Diagnose remaining error patterns and close the top three gaps with targeted practice

Rehearse written and constructed-response answers against the rubric under time pressure

Finalize a test-day plan covering timing allocation, item-flagging strategy, and anxiety management