Lesson Plan Topic: Mixed Economic Systems Lesson Plan ‘MS word doc.’ IGCSE Economics. Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define mixed economic system, draw and interpret appropriate diagrams showing the effects of three government microeconomic policy measures: maximum and minimum prices in product, labour and foreign exchange markets; indirect taxation; and subsidies. Definition only of government microeconomic policy measures: regulation; privatisation and nationalisation; and direct provision of goods. The effectiveness of government intervention in overcoming the drawbacks of a market economic system. NB: Add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Market Structure Perfect Competition & Monopoly * ’ppt’ IGCSE Economics. . With these resources, I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; • Define Competitive markets - Explain the effect of having a high number of firms on price, quality, choice, profit. Note: the theory of perfect and imperfect competition and diagrams are not required. • Define Monopoly markets – Explain the characteristics, advantages and disadvantages of monopoly. Note: diagrams are not required. • ‘Class Activities’ ‘Keywords Study’ ‘Multiple Choice Questions’ with Answers.

**A complete lesson. ** Globalisation, free trade, and protection ’ppt’ IGCSE Economics. With these resources, I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Questions with Answers.’ Lesson Objectives; At the end of the lesson, students should be able to Define globalization. Identify the role of multinational companies MNCs and the costs and benefits to their host and home countries. Identify and explain the benefits of free trade - the benefits for consumers, producers and the economy in a variety of countries. Methods of protection - tariffs, import quotas, subsidies and embargoes. Reasons for protection - Including infant industry, declining industry, strategic industry and avoidance of dumping. Consequences of protection - Effectiveness of protection and its impact on the home country and its trading partners. ‘Debate topic.’ ‘Class Activities’ with ‘Answers.’

Complete Lesson. Choice of Occupation Wage Determination and Wages and non-wages Factors * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Explain the factors affecting an individual’s choice of Occupation - Wage and non-wage factors. Wage determination - The influences of demand and supply, relative bargaining power and government policy, including minimum wage. Reasons for differences in earnings - How changes in demand and supply, relative bargaining strengths, discrimination and government policy can all influence differences in earnings between workers whether they are: skilled/unskilled; primary/secondary/tertiary; male/female; private sector/public sector. Define, draw and interpret diagrams that illustrate the effects of changes in demand and supply in the labour market. ‘Class Activities’ ‘Multiple Choice Questions with Answers.’

Topic: The Nature of the Economic Problem, Factors of Production and Factor Mobility ’ppt’ IGCSE Economics. Use these materials to engage your students, and relax. You can consistently produce A*s, As, and Bs. User guidelines: Duplicate the file. Delete the answers to the activities in one file and share to students before or during the class. Project the file. Teach and / or discuss the content within 5 to 15 minutes of lesson time. Let students work on the activities provided. Watch and guide them individually or collectively as the needs arise, such that they understand and do the needful. Use the activities as you find fit. Project the answers. Let students exchange and mark their own scripts for short and direct responses questions. Mark the detailed responses yourself. Best regards. Lesson Objectives At the completion of the lesson, all students should be able to; • Define, and explain the nature of the economic problem (finite resources and unlimited wants). • and the factors of production (land, labour, capital, enterprise, with examples ). • Define, explain mobility of the factors of production and the influences on the mobility of the various factors. • Quantity and quality of the factors of production - The causes of changes in the quantity and quality of the various factors.

Complete Lesson. Employment and Unemployment ’ppt’ IGCSE Economics. With these resources, I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Questions with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Define employment, unemployment and full employment. Describe the changing patterns and level of employment: the nature and causes of it - e.g. increase in proportion of workers employed in the tertiary sector and formal economy as an economy develops; a greater proportion of women in the labour force due to changes in social attitudes; decline in the proportion employed in the public sector as a country moves towards a market economy. How unemployment is measured - claimant count and labour force survey - and the formula for unemployment rate. Causes/types of unemployment - Frictional, structural and cyclical unemployment. The consequences of unemployment for the individual, firms and the economy. Identify and explain - the range of policies available to reduce unemployment and their effectiveness. • ‘Class Activities’ and ‘Multiple Choice Questions.’

Complete Lesson. Househlds - Spending Saving Borrowing * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. 'Class Activities.‘Keyword(s) search. Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Identify and explain the influences on spending, saving and borrowing including income, the rate of interest and confidence - between different households and over time. ‘Class Activities. Keyword(s) search. Multiple Choice Questions. Answers.’

Complete Lesson. Current Account of the Balance of Payments ’ppt’ IGCSE Economics. With these resources, I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Questions with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; The Structure - components of the current account of the balance of payments – trade in goods, trade in services, primary income and secondary income. Calculation of deficits and surpluses on the current account of the balance of payments and its component sections. Causes of current account deficit and surplus - Reasons for deficits and surpluses. Consequences of current account deficit and surplus Impact on GDP, employment, inflation and foreign exchange rate. Policies to achieve balance of payments stability - The range of policies available to achieve balance of payments stability and how effective they might be.Class Activities provided with Answers.

Complete Lesson. The Market Economic System.* ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; At the completion of the lesson, the students should be able to; Define market economic system - Including the roles of the private sector (firms and consumers) and the public sector (government) in a market economy. Advantages and disadvantages of the market economic system - Including examples of how it works in a variety of different countries.• ‘Class Activities’ ‘Multiple Choice Questions and Answer

Complete Lesson. Topic: Population: Growth, Trend, Causes, Structure, Types, Pyramid, Aging Population ’ppt’ IGCSEEconomics. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Identify and explain the factors that affect population growth - Birth rate, death rate, net migration, immigration and emigration. Identify and explain the reasons for different rates of population growth in different countries - How and why birth rates, death rates and net migration vary between countries. The effects of changes in the size and structure of population on different countries - The concept of an optimum population. The effects of increases and decreases in population size and changes in the age and gender distribution of population. Note: Interpretation of a population pyramid is required. Drawing is not.‘Class Activity - debate / points.’ ‘Multiple Choice Questions / Answers.’

Complete Lesson. Topic: Poverty & Differences in Economic Development between Countries ’ppt’ IGCSE Economics. With this resource, I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Questions with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Define absolute and relative poverty - The difference between the two terms. The causes of poverty - The causes of poverty including unemployment, low wages, illness and age. Policies to alleviate poverty and redistribute income Identify and evaluate differences in economic development between countries. - Causes and impacts of differences in income; productivity; population growth; size of primary, secondary and tertiary sectors; saving and investment; education; and healthcare. ‘Class Activity’ ‘Multiple Choice Questions’ with Answers.

Complete Lesson. Opportunity Cost and the Production Possibility Curve PPC * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Define opportunity cost and give examples of opportunity cost in different contexts. explain the influence of opportunity cost on decision making by consumers, workers, producers and governments when allocating their resources.Define the Production possibility curve diagrams (PPC), draw and interpret appropriate diagrams. Points under, on and beyond a PPC describe the significance of the location of production points. Describe movements along a PPC and opportunity cost. Shifts in a PPC - The causes and consequences of shifts in a PPC in terms of an economy’s growth.

Complete Lesson. Lesson Objectives: At the end of the lesson, students should be able to: Define and measure economic growth - Real Gross Domestic Product (GDP) and how it can be used to measure economic growth. GDP per head (capita). Causes and consequences of recession. Recession and how it moves the economy within its PPC. Causes of economic growth - How changes in total demand may increase the utilisation of resources and GDP – leading to a movement from inside toward the PPC. How economic growth shifts the economy’s PPC to the right and is caused by changes in investment, technology, and the quantity and quality of the factors of production. Consequences of economic growth - The costs and benefits of economic growth in the context of different economies. The range of policies available to promote economic growth and how effective they might be. ‘Class Activities’ and ‘Multiple Choice Questions with Answers.’

The Role of Governments - Macroeconomic Aims, Policies & the Conflicts* ’ppt’ IGCSE Business Studies. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. Lesson Objectives; At the completion of the lesson, the students should be able to; Describe the role of government - Locally, nationally and internationally. The macroeconomic aims of government - Economic growth, full employment/low unemployment, stable prices/low inflation, balance of payments stability, redistribution of income.Reasons behind the choice of aims and the criteria that governments set for each aim. Possible conflicts between macroeconomic aims - Possible conflicts between aims: full employment versus stable prices; economic growth versus balance of payments stability; and full employment versus balance of payments stability.‘Class Activity - Key word(s) Search. Multiple Choice Questions, Answers.’

Topic: Inflation and deflation Retail / Consumer Price Index ’ppt’ IGCSE Economics. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’ Lesson Objectives; At the end of the lesson, the students should be able to; Define inflation and deflation. - Measure inflation and deflation using the Retail Prices Index (RPI). Explain - causes of inflation: demand-pull and cost-push. Causes of deflation: demand-side and supply-side. Consequences of inflation and deflation - for consumers, workers, savers, lenders, firms and the economy as a whole. Range of policies to control inflation and deflation and how effective they might be. ‘Class Activities’ & ‘Multiple Choice Questions’ with Answers.

Money and Banking and Stock Exchange ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities. Keyword(s) search. Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Define, identify and explain money - The forms, functions and characteristics of money. Banking - The role and importance of central banks and commercial banks for government, producers and consumers. Stock Exchange - The functions, role in an economy and types of stocks. Class Activities & Multiple Choice Questions with Answers.

Business finance needs and sources micro finance Crowd funding ’ppt’ IGCSE Business Studies & Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Identify the need for business finance: • The main reasons why businesses need finance, e.g. start-up capital, capital for expansion and additional working capital • Understand the difference between short-term and long-term finance needs. The main sources of finance: • Internal sources and external sources with examples • Short-term and long-term sources with examples, e.g. overdraft for short-term and debt or equity for long-term finance. • Importance of alternative sources of capital, e.g. micro-finance, crowd-funding • The main factors considered in making the financial choice, e.g. size and legal form of business, amount required, length of time, existing loans.• Recommend and justify appropriate source(s) of finance in given circumstances. ‘Class Activities.’ with 'solution.’

Complete Lesson. Micro and Macroeconomics and The Role of Markets in Allocating Resources ’ppt’ IGCSE Economics. With this resource, I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Questions with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Explain microeconomics, and macroeconomics, the difference between microeconomics and macroeconomics and the decision makers involved in each. The market system - How a market system works; including buyers, sellers, allocation of scarce resources, market equilibrium, and market disequilibrium. Key resources allocation decisions - Establishing that the economic problem creates three key questions about determining resource allocation - what to produce, how, and for whom. Introduction to the price mechanism - How the price mechanism provides answers to these key allocation questions.• ‘Class Activity – key words,’ ‘Multiple Choice Questions’ with ‘Answers.

Complete Lesson. Market Failure. Private & Social Costs & Benefits Public and Private Spending * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Define market failure and the key terms associated with market failure: public good, merit good, demerit good, social benefits, external benefits, private benefits, social costs, external costs, private costs. Causes of market failure - With respect to public goods, merit and demerit goods, external costs and external benefits, abuse of monopoly power and factor immobility. Examples of market failure with respect to these areas only. Consequences of market failure - The implications of misallocation of resources in respect of the over consumption of demerit goods and goods with external costs, and the under consumption of merit goods and goods with external benefits. Note: diagrams of demand and supply relating to market failure are not required.

Complete Lesson. Topic: * The Mixed Economic System * ’ppt’ IGCSE Economics… 'Use these materials to engage your students, and relax. You can consistently produce A*s, As, and Bs. **User guidelines: ** Duplicate the file. Delete the answers to the activities in one file and share to students before or during the class. Project the file. Teach and / or discuss the content within 5 to 15 minutes of lesson time. Let students work on the activities provided. Watch and guide them individually or collectively as the needs arise, such that they understand and do the needful. Use the activities as you find fit. Project the answers. Let students exchange and mark their own scripts for short and direct responses questions. Mark the detailed responses yourself. Best regards. Lesson Objectives At the completion of the lesson, all students should be able to; Define the mixed economic system. Describe government intervention to address market failure - Definitions, drawing and interpretation of appropriate diagrams showing the effects of three government microeconomic policy measures: maximum and minimum prices in product, labour and foreign exchange markets; indirect taxation; and subsidies. Definitions only of; government microeconomic policy measures: regulation; privatisation and nationalisation; and direct provision of goods.The effectiveness of government intervention in overcoming the drawbacks of a market economic system.‘Class Activities - Key word(s) search’ ‘Multiple Choice Tests’ ‘Answers.’