Lesson Plan Topic: Business and the international economy- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; The importance of Globalisation: •• The concept of Globalisation and the reasons for it. •• Opportunities and threats of Globalisation for businesses. •• Why governments might introduce import tariffs and import quotas. Reasons for the importance and growth of multinational companies (MNCs): •• Benefits to a business of becoming a multinational and the impact on its stakeholders. •• Potential benefits to a country and/or economy where a MNC is located, e.g. jobs, exports, increased choice, investment •• Potential drawbacks to a country and/or economy where a MNC is located, e.g. reduced sales of local businesses, repatriation of profits The impact of exchange rate changes: •• Depreciation and appreciation of an exchange Rate •• How exchange rate changes can affect businesses as importers and exporters of products, e.g. prices, competitiveness, profitability (exchange rate calculations will not be assessed) NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson by adjusting up the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Production of goods and services - Lean production, etc. ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Explain the meaning of production: •• Managing resources effectively to produce goods and services •• Difference between production and productivity •• Benefits of increasing efficiency and how to increase it, e.g. increasing productivity by automation and technology, improved labour Skills •• Why businesses hold inventories •• The concept of lean production: how to achieve it, e.g. just-in-time inventory control and Kaizen; benefits of lean production The main methods of production: •• Features, benefits and limitations of job, batch and flow production •• Recommend and justify an appropriate production method for a given situation How technology has changed production methods, e.g. using computers in design and Manufacturing. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson by adjusting up the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Statement of financial position - ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Identify the main elements of a statement of financial position: •• The main classifications of assets and liabilities, using examples. Interpret a simple statement of financial position and make deductions from it, e.g. how a business is financing its activities and what assets it owns, sale of inventories to raise finance (constructing statements of financial position will not be assessed) NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by adjusting up the objectives, Plenary and lesson starter etc.

Lesson Plan Topic:Population Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe the factors that affect population growth. Reasons for different rates of population growth in different countries. The effects of changes in the size and structure of population on different countries. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Role of government and the Macroeconomic aims Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Identify and explain the macroeconomic aims of government. Possible conflicts between macroeconomic aims. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic:The Nature of the Economic Problem and Factors of Production Lesson Plan IGCSE Economics - ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe finite resources and unlimited wants - Definition and examples of the economic problem in the contexts of: consumers; workers; producers; and governments. Economic and free goods. The difference between economic goods and free goods. Definitions of the factors of production and their rewards - Definitions and examples of land, labour, capital and enterprise. Examples of the nature of each factor of production. Mobility of the factors of production - The influences on the mobility of the various factors. Quantity and quality of the factors of production - The causes of changes in the quantity and quality of the various factors. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Foreign exchange rates Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define foreign exchange rate - Floating and fixed systems. Explain the determination of foreign exchange rate in foreign exchange market - The demand for and supply of a currency in the foreign exchange market and the determination of the equilibrium foreign exchange rate. Causes of foreign exchange rate fluctuations - Including changes in demand for exports and imports, changes in the rate of interest, speculation, and the entry or departure of MNCs. consequences of foreign exchange rate fluctuations - The effects of foreign exchange rate fluctuations on export and import prices and spending on imports and exports via the PED. Floating and fixed foreign exchange rates - The difference between, and the advantages and disadvantages of, a floating foreign exchange rate and a fixed foreign exchange rate system. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic:Current account of balance of payments Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe the structure - The components of the current account of the balance of payments – trade in goods, trade in services, primary income and secondary income. Calculation of deficits and surpluses on the current account of the balance of payments and its component sections. Reasons for deficits and surpluses. Causes of current account deficit and surplus. Consequences of current account deficit and surplus - Impact on GDP, employment, inflation and foreign exchange rate. Policies to achieve balance of payments stability - The range of policies available to achieve balance of payments stability and how effective they might be. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Market research,. Methods used and Sampling. Lesson Plan IGCSE Business Studies- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Identify and explain the role of market research and methods used: •• Market-orientated businesses (uses of market research information to a business) •• Primary research and secondary research (benefits and limitations of each) •• Methods of primary research, e.g. postal questionnaire, online survey, interviews, focus groups •• The need for sampling •• Methods of secondary research, e.g. online, accessing government sources, paying for commercial market research reports •• Factors influencing the accuracy of market research data. Presentation and use of market research results: •• Analyse market research data shown in the form of graphs, charts and diagrams; draw simple conclusions from such data. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Marketing mix Product - ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Explain Product: •• The costs and benefits of developing new products •• Brand image; impact on sales and customer loyalty •• The role of packaging •• The product life cycle: main stages and extension strategies; draw and interpret a product life cycle diagram •• How stages of the product life cycle can influence marketing decisions, e.g. promotion and pricing decisions. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson by adjusting up the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Marketing mix Place - ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define Place – distribution channels: •• Advantages and disadvantages of different channels, e.g. use of wholesalers, retailers or direct to consumers •• Recommend and justify an appropriate distribution channel in given circumstances. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson by adjusting up the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Sole Trader Lesson Plan ‘MS word doc.’ IGCSE Business Studies & Economics Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Identify the Sole Trader business and the main features of Sole Trader business: •• Differentiate between unincorporated businesses and limited companies •• Explain the concepts of risk, ownership and limited liability of Sole Trader •• Recommend and justify a Sole Trader business organisation to owners/management in a given situation. NB: Add your school’s name, and logo on top, you own name, date, and class year, term and week, etc.

Lesson Plan Topic: Poverty Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define poverty, and absolute and relative poverty; Give the difference between the two terms. The causes of poverty; The causes of poverty including unemployment, low wages, illness and age. Policies to alleviate poverty and redistribute income; Policies including those promoting economic growth, improved education, more generous state benefits, progressive taxation, and national minimum wage. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic:Market Structure Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe competitive markets - describe the effect of having a high number of firms on price, quality, choice, profit. Note: the theory of perfect and imperfect competition and diagrams are not required. Describe monopoly markets – describe the characteristics, advantages and disadvantages of monopoly. Note: diagrams are not required. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Firms and Classification of Firms Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Classify firms - In terms of primary/secondary/tertiary sectors and private/public sector, and the relative size of firms. Note: detailed knowledge of different types of structure of a firm is not required. Small firms - The advantages and disadvantages of small firms, the challenges facing small firms and reasons for their existence. Causes and forms of the growth of firms - Internal growth, for example increased market share. External growth, for example mergers. Mergers - Examples, advantages and disadvantages of different types of mergers: horizontal, vertical, and conglomerate. Economies and diseconomies of scale - How internal and external economies and diseconomies of scale can affect a firm/industry as the scale of production changes. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Living standards Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; State and describe indicators of living standards; Real GDP per head and the Human Development Index (HDI). The components of real GDP and HDI. The advantages and disadvantages of real GDP and HDI. Comparing living standards and income Distribution; Reasons for differences in living standards and income distribution within and between countries. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Firms’ Costs, Revenue and Objectives Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; define costs of production - Total cost (TC), average total cost (ATC), fixed cost (FC), variable cost (VC), average fixed cost (AFC), average variable cost (AVC). Note: marginal cost not required. Calculation of costs of production - TC, ATC, FC, VC, AFC and AVC. Definition, drawing and interpretation of diagrams that show how changes in output affect costs of production. Definition of revenue - Total revenue (TR) and average revenue (AR). Note: marginal revenue is not required. Calculation of TR and AR. Objectives of firms - The influence of sales on revenue. Survival, social welfare, profit maximisation and growth. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Demand Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define demand draw and interpret appropriate diagrams. Price and demand - A demand curve to be drawn and used to illustrate movements along a demand curve with appropriate terminology, for example extensions and contractions in demand. Individual and market demand - The link between individual and market demand in terms of aggregation. Conditions of demand - The causes of shifts in a demand curve with appropriate terminology, for example increase and decrease in demand. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Topic: Micro and Macroeconomics The Role of Markets Resources Allocation Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe microeconomics and macroeconomics - The difference between microeconomics and macroeconomics and the decision makers involved in each. The market system - How a market system works; including buyers, sellers, allocation of scarce resources, market equilibrium, and market disequilibrium. Key resources allocation decisions - Establishing that the economic problem creates three key questions about determining resource allocation. – What to produce, how, and for whom. - Introduction to the price mechanism - How the price mechanism provides answers to these key allocation questions. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Topic: Money and Banking Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define money, the forms, functions and characteristics of money. Banking - The role and importance of central banks and commercial banks for government, producers and consumers. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.