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 bundle of 3 lessons introduces learners to economic growth and a range of concepts within economic growth such as real vs nominal GDP, total GDP vs per capita and GNP. We start by looking at GDP charts to identify areas of growth and recession. We look at real life examples of countries with positive and negative growth with stimulating discussions. We also look at the limitations of using GDP as a measure of standard of living - a 12 mark question with a concise model answer for students to look before peer assessing and making improvements to WWW and EBI. Finally, we look at happiness and how it is really included when measuring how well an economy is performing, we look at the 7 factors that determine happiness as identified by Laynard. Purchasing power is compared with a great example from spending in India compared to the UK. A link to a kahoot quiz to finish with. 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 summarises the possible macroeconomic objectives which students would have heard throughout the course so far. We look at the 7 main objectives. Students are given an exam style question to prepare a presentation on - how inflation could impact the other macroeconomic objectives - balanced points are given on the following slide to compare with students’ presentations, this can also be answered for homework later. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to different sizes and types of firms, we look at what factors determine the size of a business, we then go on to look at the principal-agent problem and an example of a firm that has made attempts to reduce this problem. We look at the different between public and private sector organisations and their different motives, followed by interesting videos which stimulate debate on the topic. We finish with a box plenary. 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 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 lesson introduces learners to monopsonies, we start with a recap on monopoly before looking at features of monopsonies. We look at some real life examples and discuss the pros and cons of monopsonies. Video case studies included which can stimulate discussion on the pros and cons of monopsonies.A research task, a link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

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