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The Econ and Business shop

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Teacher of economics and business across five international schools for last twelve years having spent the 16 years prior employed as a Bank Manager with Lloyds Banking Group (UK) Examiner with CIE - economics (6 years)

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Teacher of economics and business across five international schools for last twelve years having spent the 16 years prior employed as a Bank Manager with Lloyds Banking Group (UK) Examiner with CIE - economics (6 years)
Budgeting
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Budgeting

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PowerPoint providing prompts to further learning. Cash flow work sheet.
Financial statements
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Financial statements

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Details the constituents of an income statement and balance sheet. Cash statements are not covered. 7 ratios. Worksheet allows for practice with solution.
Break-even analysis
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Break-even analysis

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Calculation method rather than graph as more relevant to our exam. Tried to keep it as simple as possible. Use titles and sub-titles as prompts to enable class discussions and encourage a deeper learning. You will need to find a previous exam question for the assessment at the end of the session. Thanks for taking the time to view.
8.1 Government policies -(A-Level Econs)
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8.1 Government policies -(A-Level Econs)

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PPT covering: 8.1 Government policies to achieve efficient resource allocation and correct market failure continued 8.1.2 government failure in microeconomic intervention: • definition of government failure • causes of government failure • consequences of government failure 8.2 Equity and redistribution of income and wealth 8.2.1 difference between equity and equality 8.2.2 difference between equity and efficiency 8.2.3 distinction between absolute poverty and relative poverty 8.2.4 the poverty trap 8.2.5 policies towards equity and equality, for example: • negative income tax • universal benefits and means-tested benefits • universal basic income Links to relevant videos
7.1 & 7.2 Utility/indifference (A-level Econ)
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7.1 & 7.2 Utility/indifference (A-level Econ)

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PPT covering the topics of Utility and indifference curves. Each page is question based to determine prior knowledge - good for flipped learning. 7.1 Utility 7.1.1 definition and calculation of total utility and marginal utility 7.1.2 diminishing marginal utility 7.1.3 equi-marginal principle 7.1.4 derivation of an individual demand curve 7.1.5 limitations of marginal utility theory and its assumptions of rational behaviour 7.2 Indifference curves and budget lines 7.2.1 meaning of an indifference curve and a budget line 7.2.2 causes of a shift in the budget line 7.2.3 income, substitution and price effects for normal, inferior and Giffen goods 7.2.4 limitations of the model of indifference curve
The economic problem
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The economic problem

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PPT aligned to the CIE syllabus. Summative and formative assessments provided with suggested solutions. Topics covered included scarcity, opportunity costs, factors of production etc.
4. Types of goods and services
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4. Types of goods and services

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PPT aligned to the CIE syllabus. Summative and formative assessments provided with suggested solutions. Topics covered included private goods, public goods, free-rider problem, exclusivity, rivalrous, merit goods, demerit goods, imperfect information etc
1.1  Business activity (IGCSE Business Studies)
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1.1 Business activity (IGCSE Business Studies)

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PPT covering the following: • Concepts of needs, wants, scarcity and opportunity cost • Importance of specialisation • Purpose of business activity • The concept of adding value and how added value can be increased
2.1 Motivating employees (IGCSE Business Studies)
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2.1 Motivating employees (IGCSE Business Studies)

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Why people work and what motivation means • The benefits of a well-motivated workforce: labour productivity, reduced absenteeism and labour turnover • The concept of human needs, e.g. Maslow’s hierarchy • Key motivational theories: Taylor and Herzberg 2.1.2 Methods of motivation: • Financial rewards, e.g. wage, salary, bonus, commission and profit sharing • Non-financial methods, e.g. job enrichment, job rotation, teamworking, training, opportunities for promotion • Recommend and justify appropriate method(s) of motivation in given circumstances Sample questions and answers
4.3 Fiscal policy (IGCSE Macroeconomics)
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4.3 Fiscal policy (IGCSE Macroeconomics)

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The main areas of government spending and the reasons for and effects of spending in these areas. Taxation as the main source of government revenue and the reasons for levying taxation. Examples of the different classifications of tax; progressive, regressive, proportional; and direct, indirect. The qualities of a good tax. The impact of taxation on consumers, producers, government and economy as a whole. The tax and spending changes, in the form of fiscal policy, that cause budget balance or imbalance. Including calculations of the size of a budget deficit or surplus. How fiscal policy measures may enable the government to achieve its macroeconomic aims. Note: aggregate demand and aggregate supply are not required. Review of Unit 4 Questions and suggested answers
3.1 Marketing, competition and the customer (IGCSE Business Studies)
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3.1 Marketing, competition and the customer (IGCSE Business Studies)

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3.1.1 The role of marketing: • Identifying customer needs • Satisfying customer needs • Maintaining customer loyalty • Building customer relationships 3.1.2 Market changes: • Why customer/consumer spending patterns may change • The importance of changing customer needs • Why some markets have become more competitive • How businesses can respond to changing spending patterns and increased competition 3.1.3 Concepts of niche marketing and mass marketing: • Benefits and limitations of both approaches to marketing 3.1.4 How and why market segmentation is undertaken: • How markets can be segmented, e.g. according to age, socio-economic grouping, location, gender • Potential benefits of segmentation to business • Recommend and justify an appropriate method of segmentation in given circumstances sample questions and answers
2. The production possibility curve
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2. The production possibility curve

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PPT aligned to the CIE syllabus. Summative and formative assessments provided with suggested solutions. Topics covered included the PPC scarcity, opportunity costs, efficiency etc.
2.2 The role of markets in allocating resources (IGCSE Microeconomics)
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2.2 The role of markets in allocating resources (IGCSE Microeconomics)

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How a market system works; including buyers, sellers, allocation of scarce resources, market equilibrium, and market disequilibrium. Establishing that the economic problem creates three key questions about determining resource allocation What, how, and for whom to produce? How the price mechanism provides answers to these key allocation questions. Questions and suggested solutions
4.2 The macroeconomic aims of government (IGCSE Macroeconomics)
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4.2 The macroeconomic aims of government (IGCSE Macroeconomics)

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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 aims: full employment versus stable prices; economic growth versus balance of payments stability; and full employment versus balance of payments stability Review of Unit 4 Questions and suggested answers