This lesson introduces learners to terms of trade. We start by understanding the definition and formula for terms of trade for a country. We look at an example of index numbers used to illustrate a change in terms of trade. A calculation practice exercise with answers. We then look at factors that can influence a country’s terms of trade. Followed by a few exam style questions with video case studies to consolidate understanding of the topic. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the concept of economic development. Before we introduce this we recap what growth is, and consider the limitations of using growth/GDP as a measure of a countries development. We introduce the human development index and look at rankings of countries to gain some context. We look at the pros and cons of using HDI as a way to compare levels of development. Some true or false questions, a research task, debate, box plenary and two kahoot quizzes to end with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to inequalities around the world and in the UK. We start by looking at some unequal scenes and asking students what inequality is, the impact of it and why it is important to try and reduce inequalities. We consider the difference between income and wealth before looking at the causes of income and wealth inequality. We then look at how to measure inequality through illustration of the Lorenz curve, we then look at how the Gini coefficient can be derived from the Lorenz curve - a plotting a curve task to consolidate this important diagram. In the second part of the lesson we consider capitalism and its influence on inequalities, some interesting debates can be stimulated from this part of the specification. True and false questions, research task, video case studies, box plenary and kahoot to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to positive and normative statements. We start by looking at why positive statements are important in Economics. We go through a few examples of statements to consolidate students understanding of these two before students independently separate a collection of statements, answers are provided on the powerpoint. Colourful, concise and engaging slides! Thank you

This set of resources includes 1x PPT and 2x word files and can be delivered over a double lesson. We start with a recap of PED as knowledge of this needs to be secure before moving onto YED to prevent future confusion. We look what YED measures, the formula and the different types of goods that exist such as inferior and luxury goods. Students have the opportunity to practise plenty of calculations on YED, some of which require percentage change to be calculated before calculating YED. All answers are provided. We then go onto look at factors that affect the income elasticity of a good such as necessity and luxuries. A link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the components of aggregate demand before looking at each component in greater detail later in the course. We start by breaking down the definition of aggregate demand to undestand the components involved. We look at the AD curve and understand why it slopes downwards and why it is different to the micro demand curve although looks the same. We look at movements and shifts in the AD curve and students have the opportunity to practice drawing the diagram with shifts - answers provided. A box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to investment as part of aggregate demand. We have a recap of consumption before looking at what investment in Economics means, including the difference between gross and net investment. We then look at the influences on investment with examples, a link to a BBC article for context and a set of questions with answers on the following slide. We also look at a case study of when UK business confidence was low - an 8 mark question on this with guidance and a concise model answer. We finish with a box plenary to consolidate. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the circular flow of income, we start by looking at what this model is and how it is made up. We look at the difference between income and wealth before looking at injections and withdrawals into the circular flow. Animated diagrams of the circular flow to show how money circulates between the parties. A number of consolidation tasks including a 6 mark exam question - all with answers provided. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the causes of economic growth, we start by looking at what growth is by differentiating between actual and potential growth. We look at different ways to show growth through step by step diagrams. We watch a few videos for context on economic growth and the export-led economic growth of Bangladesh. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the concept of revenue in Economics. We first start by looking at the law of diminishing marginal utility to understand how curves will look. We then look at each formula, with examples of figures + an activity where students calculate the total revenue, average revenue and marginal revenue. Students are made aware that revenue will be different in perfect competition compared to imperfect competition. We finish with a box plenary. Colourful, concise and engaging slides! Thank you

This lessons builds on the previous lesson on costs, with an emphasis now on economies and diseconomies of scale. We look at a range of ways economies of scale can be achieved i.e. internal and external, we also look at the minimum efficient scale point and the usefulness of operating at the MES. Videos on the supermarket industry to highlight this concept and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the concept of costs in Economics. We start by recapping the factors of production to understand the difference between short-run and long-run. We then go on to look at the law of diminishing returns and how this affects productivity on diagrams - using this as a foundation to calculate and illustrate the various costs. Consolidation tasks included and a link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the monopoly market structure. We start by making links to the board game to understand what a monopoly is and its charactersitics. We look at what makes monopolies powerful, easy to follow diagrams to illustrate supernormal profits in the short-run and the long-run as well as the deadweight loss caused by monopolies. Plenty of video case studies to contextualise the topic and a discussion on the pros and cons of monopolies is included. A link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to public expenditure by the government. We start by looking at the three different types of expenditure (current, capital and transfer payments) before a quick activity where students estimate how much of the pot is distributed in different areas. We then look at various graphs and charts such as spending over time, spending as % of GDP, changes in spending on different areas, future spending forecasts, all this should help to contextualise the topic, we also compare spending as % of GDP internationally. We then go onto look at reasons for changes in public expenditure as well as the impacts on aspects such as productivity, equality, taxation and crowding out. Some true or false questions to consolidate, video case studies for further contextualisation. In the second lesson, there a diamond 9 group activity so students can justify where money should be spent, this creates a great opportunity to turn this into an election sort of activity as we then split the class into two different parties, each preparing a manifesto on how they will spend the budget. Colourful, concise and engaging slides! Thank you

This free lesson introduces learners to the different types of economic systems that exist. We start with learning about ‘the invisible hand’ to introduce the free market economy. Students have a guided research task to find out more about the two types of economies, this can be fed back as presentations before the class can be split into two for a debate on how countries should be governed (or not governed). A link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you Complete 1.1 bundle is available in shop

These few slides introduce learners to what market failure is, a very brief introduction to build a foundation for 1.3. Colourful, concise and engaging slides! Thank you