Topic: Micro and Macroeconomics The Role of Markets Resources Allocation Lesson Plan IGCSE Economics- ‘MS word doc.’ 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; Describe 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. NB: You can 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.

Topic: Market Economic Systems Lesson Plan IGCSE Economics- ‘MS word doc.’ 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 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. NB: You can 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.

Lesson Plan Topic: Firms and Classification of Firms Lesson Plan IGCSE Economics- ‘MS word doc.’ 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; Classify firms - In terms of primary/secondary/tertiary sectors and private/public sector, and the relative size of firms. Note: detailed knowledge of different types of structure of a firm is not required. Small firms - The advantages and disadvantages of small firms, the challenges facing small firms and reasons for their existence. Causes and forms of the growth of firms - Internal growth, for example increased market share. External growth, for example mergers. Mergers - Examples, advantages and disadvantages of different types of mergers: horizontal, vertical, and conglomerate. Economies and diseconomies of scale - How internal and external economies and diseconomies of scale can affect a firm/industry as the scale of production changes. NB: You can 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.

Lesson Plan Topic: Economic Growth Lesson Plan. IGCSE Economics- ‘MS word doc.’ 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 economic growth. Measurement of economic growth. Causes and consequences of recession. Causes of economic growth. Consequences of economic growth. Policies to promote economic growth NB: You can 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.

Lesson Plan Topic:Employment and unemployment rates Lesson Plan IGCSE Economics- ‘MS word doc.’ 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 employment, unemployment and full employment. Describe the nature and causes of the of changing patterns and level of employment - for example 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 the unemployment rate. Causes/types of unemployment - Frictional, structural and cyclical unemployment. Consequences of unemployment - The consequences of unemployment for the individual, firms and the economy as a whole. Identify and explain - the range of policies available to reduce unemployment and how effective they might be. NB: You can 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.

Topic:Microeconomic Decision Makers - Households Lesson Plan IGCSE Economics- ‘MS word doc.’ 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; Describe the influences on spending, saving and borrowing Including income, the rate of interest and confidence – between different households and over time. NB: You can 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.

Topic: Price Changes Lesson Plan IGCSE Economics- ‘MS word doc.’ 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; Describe competitive markets. Identify and explain causes of price changes. Changing market conditions as causes of price changes. Identify and explain consequences of price changes - Demand and supply diagrams to be used to illustrate these changes in market conditions and their consequences for equilibrium price and sales. NB: You can 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.

Lesson Plan Topic: Demand Lesson Plan IGCSE Economics- ‘MS word doc.’ 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 demand draw and interpret appropriate diagrams. Price and demand - A demand curve to be drawn and used to illustrate movements along a demand curve with appropriate terminology, for example extensions and contractions in demand. Individual and market demand - The link between individual and market demand in terms of aggregation. Conditions of demand - The causes of shifts in a demand curve with appropriate terminology, for example increase and decrease in demand. NB: You can 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.

Lesson Plan Topic: Factors of Production Lesson Plan IGCSE Economics- ‘MS word doc.’ 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; Identify and define the factors of production and their rewards - Give examples of land, labour, capital and enterprise and the nature of each factor of production. Mobility of the factors of production - 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. NB: You can 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.

Lesson Plan Topic: Market Failure Lesson Plan IGCSE Economics- ‘MS word doc.’ 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 market failure - 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: demand and supply diagrams relating to market failure are not required. NB: You can 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.

Topic: Money and Banking Lesson Plan IGCSE Economics- ‘MS word doc.’ 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 money, the forms, functions and characteristics of money. Banking - The role and importance of central banks and commercial banks for government, producers and consumers. NB: You can 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.

Lesson Plan Topic: Market 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: You can 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.

Complete Lesson. Topic: Monetary Policy and Supply-side Policy ‘ppt’, ** IGCSE Economics syllabus. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Multiple Choice Questions with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Define money supply and monetary policy Identify and explain the monetary policy measures - Changes in interest rates, money supply and foreign exchange rates. Identify and explain the effects of monetary policy - How monetary policy measures may enable the government to achieve its macroeconomic aims. Define supply -side policy Identify and explain supply-side policy measures - Examples include education and training, labour market reforms, lower direct taxes, deregulation, improving incentives to work and invest, and privatisation. Identify and explain the effects of supply-side policy measures - How supply-side policy measures may enable the government to achieve its macroeconomic aims.

Topic: Supply Lesson Plan IGCSE Economics- ‘MS word doc.’ 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 supply - drawing and interpretation of appropriate diagrams. Price and supply - A supply curve to be drawn and used to illustrate movements along a supply curve with appropriate terminology, for example extensions and contractions in supply. Individual and market supply - The link between individual and market supply in terms of aggregation. Conditions of supply - The causes of shifts in a supply curve with appropriate terminology, for example increase and decrease in supply NB: You can 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.

Topic: Price Determination Lesson Plan IGCSE Economics- ‘MS word doc.’ 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 market equilibrium, draw and interpret demand and supply schedules and curves used to establish equilibrium price and sales in a market. Define market disequilibrium - draw and interpret demand and supply schedules and curves used to identify disequilibrium prices and shortages (demand exceeding supply) and surpluses (supply exceeding demand). NB: You can 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.

LESSON OBJECTIVE: are shared with the student for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define price elasticity of supply (PES). Calculate PES using the formula and interpreting the significance of the result. Draw and interpret supply curve diagrams to show different PES. Determinants of PES - The key influences on whether supply is elastic or inelastic. Significance of PES - The implications for decision making by consumers, producers and government.