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Economics
Index Numbers
Complete lesson with additional worksheet on index numbers.
Included in this resource:
Activity on why quantitative skills are important in economics
Explanation of what index numbers are and why they are used
Step by step instructions are to how index numbers are calculated
8 activities on index numbers (all answers included)
This lesson took me an hour and a half to go through with my students
Economic Growth / GDP PPT AND Worksheet
This resource provides a comprehensive overview of how GDP is used to measure economic growth. Included in this resource:
A colourful and engaging title slide with learning objectives, animations, auto date, timer and bell
Recap starter activity on basic economic vocabulary (tile reveal activity). Answers included.
Detailed explanations of economic growth, GDP, GDP per capita, real GDP, total GDP, GPD value and volume, and GNI
Activities with answers for most of them (guess the price inflation activity for real GDP, GDP inflater activity - both with answers)
Detailed notes
Contextualised examples
Worksheet with tasks linked to PPT content. Activities include past paper questions, calculation activities and a ranking of nominal GDP task
This presentation and worksheet took roughly two hours to complete with my students.
Positive Normative Worksheet and Teams Form Quiz
Save yourself some time with this multiple-choice question activity on positive and normative statements, and the economic problem.
You can either use:
The paper worksheet of 44 questions with answers included. Students can peer mark this to save you time
AND / OR
The same activity but with an additional 5 questions as Teams Quiz you can set for classwork or homework. The activity self marks once students finish the quiz so that you can download the results after to see how they have done. The link for you to duplicate and download this has been included at the end of the worksheet.
This resource has been designed to save you time…
Teaching shouldn’t just be about work - get yourself down to the pub / spend some time with your family / go for a walk!
Please let me know if you have any issues / questions
Economics as a Social Science WORKSHEET
Included in this worksheet:
Activity 1 - Match the key term with the definition based on key terms included in this topic, such as the economic problem, utility and ceteris paribus
Activity 2 - Challenge the economic assumptions (a key skill for an A/A*)
Activity 3 - Select whether the scenario is micro or macro
Activity 4 - Trivia on UK economy in 2024
All answers are included so the activity can be marked by the teacher / peer / self marked
The activity took around 10 minutes for my students to complete
Economics as a Social Science (Lesson + Worksheet)
This PowerPoint presentation and worksheet has designed based on the Edexcel A Level Specification but can be applied to any exam board.
The PowerPoint includes:
Detailed and colourful title page with animations, auto calendar date, gifs and timer
Starter activity that test students’ understanding of economic terminology they should be familiar with in the news
Detailed explanation of what economics is
Challenging assumption activity
Detail notes
All answers included
The worksheet has 4 activities:
Match important key terms relating to this lesson
Challenge the assumption activity
Micro or macro scenario
UK economy trivia
Public Expenditure (Macroeconomics)
This 83 slide presentation covers public expenditure (4.5.3 in Edexcel specification).
Included in this resource:
A colourful and engaging title slide with learning objectives, auto date and time, animations and timer (with short bell)
Editable recap starter activity (knowledge recall)
Lots of interesting and engaging activities surrounding taxation, such as calculating Boris Johnson’s salary as PM, taxes on lottery winnings and game shows
Ranking activity on UK public expenditure
Detailed notes on capital and current expenditure, transfer payments, reasons why this may change and impact on wider economy
Contextualised examples and embedded videos, such as HS2
15 marker practice essay on financial markets (prior topic) with scaffolds and model answer
This lesson took me two hours to complete
Consumption (Aggregate Demand)
This resource explores the consumption component of aggregate demand.
Included in this resource:
Colourful and engaging title slide with learning objectives, autodate, bell, timer and animations
A fun catchphrase starter activity (guess the business or product just from the pictures)
Fill the blanks starter activity that recaps what aggregate demand is
Detailed notes on what consumption is and the factors that affect it
Video contextualising factors affecting consumption
Examples of AD components in other countries
5 marker practice activity, with structure and model answers
Answers included for every activity.
This resource took me 1 hour to go through with my students
Costs (Economics) - TFC, AFC, TVC, AVC, AC, TC, MC
A 125 slide complete lesson on short-run economic costs. The presentation inlcudes:
Colourful and interactive title slide with timer, animations and learning objectives
Editable key term recap starter activity
Detailed, step by step explanations of each cost (diagram and calculation)
Printable slides with activities for students (answers included)
Past exam questions (with answers)
This lesson took me three hours to complete with my students.
Revenue (Economics) - TR, MR, AR, PED
This 100 slide lesson details:
the meaning of total revenue, marginal revenue and average revenue
the relationship between marginal revenue and price elasticity of demand
the concept of price-taker and price-maker
the formula used to calculate each type of revenue
diagrams for TR, MR and AR depending on whether the firm is a price-taker or price-maker
Engaging activities are provided throughout (answers included)
Questions and answers are also provided
Resource is colourful and interactive with animations throughout
This lesson took me 4 hours to complete with my students
Business Objectives (Economics)
This comprehensive resource contains 153 slides on activities, notes, exam questions , mark schemes, videos and animations to cover Business Objectives.
This resource explains what is meant by profit maximisation, revenue maximisation, sales maximisation and satisficing. This topic is well known for being challenging so this resource has been designed to explain these concepts step by step. Each objective has been contextualised with a range of activities (calculations, quess the box, ppqs, videos, etc) to help students understand.
The diagrams for these objectives are explained in my other resource (revenues, costs and profit).
This is a very detailed lesson and look me 5 hours to go through.
Demand (SMART NOTEBOOK VERSION)
Please note that this is a SMART NOTEBOOK presentation and not a PowerPoint presentation
Rational Decision Making (Economics)
17 slides in total, including a fun starter activity
This presentation took me 30 minutes to go through with my class
Poverty, Lorenz Curve, Gini Coefficient
This presentation contains:
Colourful, detailed and engaging slides throughout
A ‘random name selector’ key term starter activity
7 timed past MCQs on a range of Economic concepts (interactive timer included) All answers included.
Activities throughout
Detailed notes throughout
Explanations of Lorenz Curve and Gini-coeffient
A comprehensive presentation.
There are 65 slides in total and this lesson took me an hour and a half to go through with students
Consumer and Producer Surplus
Included in this PowerPoint:
Colourful and engaging slides
Guess the question starter activity with answers (questions and answers cna be changed)
Detailed notes
A range of activities throughout with answers
Step by step demonstrations on how to show and calculate both the consumer and producer surplus
This presentation contains 38 slidea and took me an hour to go through with students
Protectionism (Economics)
A detailed (102 slide) PowerPoint presentation on tariffs, quotas, trade subsidies and other forms of protectionsim.
This presentation includes:
Colourful slides
Videos
Activities
Links to syllabus
A detailed step-by-step instructions on how to draw tariff, quota and trade subsidy diagrams
Homework activities
Contextualised examples
Terms of Trade
This colourful and informative resource is fully comprehensive, and includes a number of tasks that test learning that do not require any marking from the teacher.
Included:
A detailed and colourful title screen, outlining the learning objectives and including an interactive timer and picture animations
A ‘guess the question’ starter activity with answers that tests understanding of earlier macroeconomic content
A quiz on UK imports and exports
Detailed explanation of ‘weighted indexes’ with questions and answer scheme included
Past exam question with mark scheme on terms of trade
Link to a video reviewing terms of trade and index numbers
Detailed explanations of factors affecting terms of trade and Prebisch-Singer hypothesis
8 mark question with mark scheme
Homework tasks, including a link to a Teams Quiz with 17 questions on terms of trade. Questions are self-marked when students respond
All resources took me 3 lessons to go through
Free, Mixed and Command Economies
The PowerPoint attached is an informative presentation that explains the difference between command, mixed and free market economies.
Contextualised exams provided throughout.
This presentation contains 18 slides and took me 30 minutes to go through
Rational Decision Making
This resource is a 17 slide PowerPoint that explains the concept or rational decision making.
Included in the presentation:
A colourful and informative title slide that outlines the learning objectives
An engaging and interactive online ‘vortex’ starter activity. Students need to match which key term links with which of four topics. Activity is self marked and instructions are included
Explanations of how rational decision making is a principle of neo-classical economics
Contextualised examples of how customers don’t always act rationally (Nudge Theory, Third Decoy, Dopamine, FOMO)
Explanation as to why consumers may not act rationally
This resource took me 30 minutes to complete
Market Structures and Competition
This lesson can be used either to teach Business students about competition, market structures and how consumers can be affected by anti-competitive practices OR to teach Economics students about the different features of market structures and why competition / a lack of competition affects different stakeholders.
Included in this lesson:
A colourful and detailed title slide outlining the key learning objectives
An income elasticity of demand starter activity suitable for both Business and Economics students (calculation / explain / diagram question). A printable slide of the questions has been provided with a detailed answer key on next slide for peer marking.
A detailed and contextualised example of how a lack of competition affects different stakeholders (Epic Games legal battle with Apple over Fortnite)
Brainstorming activity on competition
A rank in order activity on types of competitive markets
Detailed notes on competition, monopolies, oligopolies, monopolistic competition, perfect competition, Game Theory, types of anti-competitive practices such as Cartels, OFT.
This presentation contains 37 slides and took me an hour to go through with my students.
Market Failure (Types of)
This lesson introduces the concept of market failure and explains what each of the key types of market failure are (externalities, under-provision of public goods and information assymmetry)
Included in this presentation is:
A colourful title slide with the key learning objectives
A ‘guess the question’ starter activity with answers
A step-by-step explanation as to what market failure is
Video showing an extreme example of externalities
Fill the blanks externality activity
Externalities sorting activity with answers
Positive externality activity
Information gap activity
Detailed and colourful notes throughout
This presentation is 32 slides in length and took me one hour to go through