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Types of Costs WORKSHEET (Fixed, Variable, Total, Average, Marginal, Direct, Indirect)
This worksheet contains revision notes and activities on how to calculate fixed costs, variable costs, total costs, average costs, marginal costs, direct costs and indirect costs)
All answers are included
The worksheet is colourful and creative throughout
This worksheet contains 7 pages of activities and took my students between 30 - 45 minutes to complete
Can be given as classwork / homework / revision
Cash Flow Forecast Activity
Test your students’ knowledge of cash flow forecasts with this UNIQUE activity that demonstrates if students can calculate each of the different values.
This cash flow forecast contains a number of intentional errors that students need to identify and correct.
All instructions are included in the activity, but the key thing to note is that all yellow values cannot change, any others can.
Included in this activity are the following:
Page 1 - Instructions on how to complete the activity, a cash flow forecast (in colour) and an explanation of what the first error is and how it should have been calculated.
Page 2 - All errors have been circled. This can be shown after the cash flow forecast has been completed.
Pages 2 and 3 - Detailed explanations of all errors and how they should have been calculated.
Page 4 - The completed cash flow forecast with all answers.
How I run the activity:
Give students up to 10 minutes to complete the cash flow forecast
Once finished, ask students to explain any errors they have found (this took my class 10 minutes)
Show the circled errors on the board so that students can circle them
Explain each error in detail
Show the completed cash flow forecast on page 3 and get students to mark them. This will save you time.
Average Rate of Return
Included in this lesson:
A detailed and colourful title slide, including all learning objectives for this topic
A recap starter activity on calculating the payback period (answers included)
An explanation slide as to what the lesson is about; providing an overview of the problems of relying solely on the payback period as a method of investment appraisal and why other methods are also needed
Explanation of what ARR is
A scenario showing how ARR is calculated
An evaluation of ARR
There are 22 slides in total and it took me around 30 minutes to go through the presentation.
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
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
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
Advertising, Media and Peer Pressure
A financial education lesson on advertising, media and peer pressure.
Included:
Colourful and interactive slides with timers, animations and videos
Activities (with answers) throughout
Worksheet included
Detailed notes
There are 37 slides in total and this lesson took me an hour and a half to go through
Net Present Value
Net Present Value is a topic that students often find challenging. This presentation has been produced so that students of all abilities can access the topic. Using lots of colour and engaging slides, contextualised examples as well as step by step examples, this presentation has proven to be very successful in getting my students to understand this net present value effectively.
Included in this presentation:
A detailed title slide including key skills covered in the lesson and equipment required
Initial starter activity where students need to calculate the payback period and average (accounting) rate of return. The aim of this activity is to get students to think about how using both of these methods can provide conflicting results (one investment option could have a shorter payback period where the other could have a higher average rate of return). Activity and answers included in slide, as well as explanation of how these figures were calculated.
Step by step guidance as to what the net present value and time value of money means (we look at why it is better to have £100 now rather than next year)
Activities that explain what inflation and interest rates are, and how they affect the value of money (guess the price activity can be done on mini whiteboards or completed as a class)
Step by step guide demonstrating how net present value is calculated
An explanation of how net present value can be applied to investment decisions
An evaluation of the usefulness of net present value, with examples provided.
This presentation contains 53 slides and took me just under 2 hours to go through in detail.
Marketing Mix - Place
Included in this presentation:
A fun Catchphrase starter activity (my students love this!)
A recap activity on cost-based pricing strategies with answers (feel free to remove or skip if you are you to cover this)
Notes and examples on the different methods of distribution
Notes on the pros and cons of each method of distribution
Notes on the importance of selecting the most appropriate method of distribution
Marketing Objectives
A colourful and engaging resource on Marketing Objectives.
Included in this presentation;
A colourful and informative title slide outlining learning objectives. This slide includes animations
A Catchphrase starter activity where students guess the name of a business or product fro a range of picture clues
A recap fill the blanks starter activity that tests what student have learned about marketing so far (PowerPoint slide can be printed for students and answer key included)
Explanation of aims, objectives and mission statements
Match the mission statement activity
Detailed and contextualised notes on marketing strategy, SMART objectives
There are 35 slides in total and this lesson took me an hour to complete
Globalisation / Introduction to International Marketing
Using MCDONALD’S TSUKIMI BURGER, Tesco’s failure to succeed in the US, Apple’s failure to succeed in India, and many others, this PowerPoint seeks to explore the reasons why businesses wish to sell in international markets, the challenges and constraints.
Included in this PowerPoint:
A detailed title page, outlining the key skills covered in this topic
A recap on moving averages with answers. This topic is included in some syllabi earlier in the marketing unit but can be deleted if not required
A starter activity introducing the concept of globalisation where students need to match McDonalds products based on the country whey are sold
(demonstrating how products need to be adapted based on the market they are targeting). Answers are provided
An explanation of reasons why businesses choose to sell products in overseas markets
A contextualised example for each reason
Detailed explanations as to each of the reasons why how marketing activities need to change depending on which country goods are being sold
Video 1: Reasons why Tesco failed in US (poor marketing)
Video 2: Reasons why Apple failed in India (poor marketing)
Introduction to some of the factors that make trade between countries easier
This lesson took me an hour and a half to go through.
Inflation
Included in this PowerPoint:
A detailed and colourful title slide that outlines the key learning outcomes and equipment required for the lesson
A starter activity where students are required to guess how the price of 5 goods and services has changed over time (closest for each round wins). Students really enjoy this activity
Explanation of why / when inflation becomes a problem, how it affects incomes and sectors where incomes have risen lower and higher than inflation
Explanation in basket of goods / weighted index
Step by step explanation of how inflation is calculated using weighted index
Activity (with answers) where students are required to calculate inflation changes using a weighted index
Activity (with answers) - identify which goods and services have been recently added and removed from the basket of goods
Explanation of difference between demand-pull and cost-push inflation with examples
Diagrams for both types of inflation
Presentation is detailed and colourful throughout
There are 52 slides in total and this presentation took me an hour and a half to go through.
Market Research
Colourful and interactive lesson on market research (primary and secondary).
The lesson is split into 3 parts. 2 lessons were spent on primary research, the third spent on secondary research.
Each part of the lesson contains a different starter activity (3 starter activities in total, with answers), including fill the blanks< Catchphrase and editable key term challenge.
PowerPoint contains videos, animations and a Mentimeter activity (you will have to have your own account to access this activity)
All activities are optional and most are editable.
77 slides in total and took me two hours to go through with my students.
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
Maslow's Hierarchy of Needs
Full resource (68 slides) on Maslow’s hierarchy of needs.
Included in this resource:
Colourful and interactive title page , including timer and auto date
Catchphrase starter activity (with answers)
Step by step explanation of each need in the hierarchy
Contextualised examples
Trivia activity
Exam skills activity with answers
Production Methods
Notes and videos on job, batch and flow production
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.
Fraud and Identify Theft
This is designed as a follow on lesson to my previous financial education lesson on advertising, media and peer pressure but can be taught as a standalone lesson.
Including in this lesson:
Guess the question starter activity
Explanations of types of fraud, such as phishing and vishing
Videos
Activities with answers
Production Possibility Frontier
A colourful, informative and engaging PowerPoint lesson on the production possibility frontier / curve (PPF/PPC).
Included in this lesson are:
A colourful and detailed title slide providing detailed learning objectives
A discussion starter activity that introduces the concept of choice
A mix and match activity where students need to identify and explain the difference between economic and free goods
Detailed notes
Consumer goods activity
Step by step break down of what the PPF is, opportunity cost, how it is calculated, marginal analysis, movements, shifts
There is also a free blank template of a PPF on my store that you can print and get students to fill in as it is explained
Demand and the Demand Curve
A PowerPoint presentation on demand includes:
Catchphrase starter activity
Demand activity (graph paper required)
Detailed explanations of demand, reasons for shape of demand curve, movements, shifts, ceteris paribus
This lesson took me 60 minutes to go through