This lesson focuses on the four alternative theories of the firm. The lesson re-caps on the main theory of the firm; profit maximization and then looks at four other potential aims for a firm: Revenue maximisation Sales maximisation Managerial theory Organisational theory Each alternative theory of the firm has clear theory, diagrams and examples. I have also included a past exam style question and a mark scheme. I have included a teacher and student copy of the PPT. This lesson is perfect for A-Level Economics.

This lesson looks at how the growth of firms impacts economies of scale. The lesson looks at the following topics with key theory and examples: Economies of Scale Plant Level Economies of Scale Firm Level Economies of Scale Technical Economies of Scale Multi Plant Economies of Scale The lesson has numerous tasks throughout and includes both a teacher and student copy of the PPT. I have also included a nice keyword loop game - simply cut up the keywords / definition slips and get students to loop them together to create a full chain (full instructions on worksheet). Perfect lesson for A-Level Economics.

A really detailed and comprehensive revision guide to help students prepare for their GCSE Business Studies exam. This 85 page revision guide includes all theory for the AQA Unit 2 Exam: Growing as a Business. The revision guide also includes many worksheets and exam style questions. The revision guide covers the following chapters / topics: 1. Keywords / Key terms for Unit 2 2. Growing as a Business - Theory, examples, worksheets and revision resources 3. Finance - Theory, examples, worksheets and revision resources 4. Marketing - Theory, examples, worksheets and revision resources 6. Human Resources - Theory, examples, worksheets and revision resources 7. Operations - Theory, examples, worksheets and revision resources I have also included key tips on answering 9 mark questions and other useful resources. This revision guide is easy to read and makes sure students know the required theory really well. This revision guide is made for the AQA GCSE Unit 2 exam - but it could easily be adapted for other exam boards such as OCR and EdExcel. The perfect revision resource for GCSE Business Studies students.

A nice lesson that looks at the four ways entrepreneurs can generate business ideas: 1. Spotting trends and anticipating their impact 2. Identifying a market niche 3. Copying ideas from other countries 4. Taking a scientific approach The lesson covers the theory of each and includes relevant examples. The lesson also includes relevant video clips and quick tasks. The lesson concludes with a nice group task where students need to work together to answer key questions on the lesson covered. I have also included a nice plenary task where students need to memorise the key terms covered in today’s lesson and write them down with relevant key terms. This lesson is aimed at AS Level Business Studies students, but it could be adapted for GCSE Business Studies.

This lessons aims to help students fully understand how a firms maximum profits are calculated. The lesson looks at MR = MC and uses various graphs and table questions to help teach a tricky but essential topic. The lesson looks at each of the following key terms with straightforward explanations, examples and questions : * Profit maximization * Marginal revenue * Marginal costs * Theory of the firm * Law of diminishing returns I have also included two key diagram sheets; one covers profit maximisation in perfectly competitive markets and the other covers the long-run equilibrium in perfectly Competitive markets. The lesson concludes with an exam style question and mark scheme. I have included a teacher and a student copy of the PPT. This lesson is perfect for A-Level Economics.

This lesson on oligopolies helps students understand why profits are maximised when marginal revenue equals marginal costs for collusive oligopolies. The lesson looks at how oligopolies can collude and even create cartels. Below is a breakdown of the lesson objectives: All Students will understand that a firms profits are maximised when MR = MC in a price fixing oligopolistic market. Most Students will understand how to draw profit maximisation for price fixing oligopolistic markets. Some students will understand how to apply this knowledge to a past exam question. The lesson focuses on the following key terms and includes various definitions, examples and tasks related to the following: Oligopoly Cartel Collusion MR = MC The lesson concludes with various tasks and a past paper question. I have also included a fun key word quiz to test students on the various microeconomic keywords. My PPT easily explains the rules and has proved very popular with students. This lesson is perfect for A-Level Economics.

A detailed lesson covering the key theory behind market failure. The lesson covers what is market failure, the main causes of market failure and the results of market failure. The lesson also looks at allocative efficiency and how it links to the market failure. The lesson then looks at how governments may try to intervene and fix market failure. I have also included a fun 'You Say We Pay' game to help re-cap on key topics from the lesson and linked lessons. I have also included a nice market failure bingo game to help make the lesson more interactive and fun. I have included a student copy of the lesson to go alongside the main PPT. A perfect lesson for A-Level Economics.

This detailed lesson carries on with the key theory behind the labour market. This lesson looks at both the upward sloping curve of labour and the backward-bending curve of labour. This lesson also looks at the monetary and non-monetary factors that impact the supply of labour. The lesson includes numerous questions, diagrams and detailed theory. I have also included a student copy of the lesson. This is a perfect lesson for A-Level Economics and helps introduce a tough topic. Lesson 2 of 6.

This detailed lesson introduces the labour market. The lesson looks at the goods and factor markets and how the labour market impacts perfectly competitive firms through graphs and examples. The lesson also looks at the main reasons why people work and includes a past paper exam style question. I have also included a fun 'The Price is Right' style game based on salaries and jobs. This is a perfect lesson for A-Level Economics and helps introduce a tough topic. Pack 1 of 6.

This detailed lesson carries on with the key theory behind the labour market. This lesson looks at how to calculate and show both the marginal revenue product (MRP) and marginal physical product (MPP) of labour on a curve. The lesson includes all the key theory, diagrams and questions. I have also included a student copy of the lesson. I have also included a fun revision game called Keyword Championships - a great way to learn and re-cap on all the keywords for A-Level Economics. This is a perfect lesson for A-Level Economics and helps cover a tough topic. Lesson 3 of 6 of the labour market.

This lesson at the difference between absolute and relative poverty and the main causes of poverty in the UK. The lesson includes lots of detailed theory, diagrams, examples, video links and tasks. The tasks include a nice poverty word scramble starter activity. I have also included a fun distribution of income dice game. The lesson concludes with past exam style questions. I have also included a student version of the PPT. This lesson is perfect for looking at poverty and how their is clear inequality in the UK and the World. This lesson is perfect for A-Level Economics and could also be useful for Geography and Business Studies. This is lesson 2 of 4 covering poverty and the inequality of the distribution of income.

This detailed lesson carries on with the key theory behind the labour market. This lesson looks at the key theory behind trade unions and how they impact the labour market. The lesson includes all the key theory, diagrams, video clips and questions. I have also included a student copy of the lesson. This is a perfect lesson for A-Level Economics and helps cover a tough topic. Lesson 6 of 6 of the labour market.

This lesson explains the clear difference between positive and normative economic statements. The lesson includes numerous examples, theory and tasks. The tasks include a positive and normative worksheet where students need to read statements and tick whether they are normative or positive (answer sheet also included). I have also included a case study on obesity where students need to highlight evidence of both positive and normative statements. The lesson concludes with a nice research task based on the topic. This lesson should be used at the start of the economic course to help explain how statements can be analysed properly. This lesson is perfect for either GCSE or A-Level Economics. Lesson Aim: Students will fully understand the key difference between positive and normative statements.

This lesson looks at how monopolies can cause market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson covers the following key theory: * What monopolies are * Pure and natural monopolies * Barriers to entry * The role of the government to monopolies * Advantages of monopolies * Disadvantages of monopolies Main lesson aim: Students will understand what market failure is and the main causes of market failure. The lesson starts with a fun starter to help re-cap on the various market structures and get into the appropriate groups. I also have made a nice 'You Say We Pay' game to help cover the key theory. I have also included a tough quiz on the topics covered. I have also included a student copy of the PPT. This lesson is perfect for A-Level Economics.

A bumper lesson looking at the key theory behind government intervention and government failure. The lesson includes numerous examples and tasks throughout. The lesson looks at the seven main causes of government failure in a lot of detail. The lesson included a fun 'You Say We Pay' game and an exam style question. I have included a student copy of the PPT alongside the overall PPT. I have also included two tests / quizzes on similar topics and a nice 25 mark exam question template. This lesson is perfect for A-Level Economics.

This lesson looks at the difference between production and productivity. The lesson includes many key examples, tasks and key theory. I have also included a simple worksheet to work alongside the key theory. The lesson covers the following theory: * Production * Productivity * Factors of production * Labour intensity * Capital intensity Below is a break-down of the lesson aims: All: Students will know the difference between production and productivity. Most: Students will know how to calculate both labour and capital productivity Some: Students will know the main advantages and disadvantages of both labour and capital intensive industries. This lesson is perfect for GCSE Economics and could also be useful for A-Level Economics.

A good overview and whole lesson on how national income data can measured and how it impacts an economy. Lesson aim: Students will understand how income data is measured, why governments measure income data and the main limitations of using income data to access living standards. This 33 slide PPT offers a perfect 2 hour+ lesson on national income data. The lesson looks at the following areas: Measuring National Income Why do Governments Measure National Income? What are the Limitations of Using National Income Data to Measure Living Standards? Other ways of measuring living standards The Big Mac Index The lesson has a number of written tasks throughout including two essay-based exam questions at the end. Overall a perfect lesson for A-Level economics.

A very detailed look at the causes, pros and cons of economic growth and how it can influence different economies. Main aim: Students will expand their theory of economic growth and look at very details pros and cons of economic growth. Students will also look at the major impact economic growth can have to an economy. This lesson covers the following areas: The Benefits of Economic Growth The Disadvantages of Economic Growth The Impact of Economic Growth The Stages of the Economic Cycle The Causes of Changes in the Economic Cycle The lesson has numerous written tasks throughout and leads up to a 25-mark exam style essay question.

At the end of each year (and even each term) I like to play a fun revision game with my GCSE Business Studies students. Unit 2 Keyword Championships helps students re-cap on all the keywords from the unit Growing as a Business from GCSE Business Studies. I first explain the rules of the game to my students (see below) and hand out the packs to groups of 4-5 students. I simply print out and cut up all the keywords and definitions to make a large pile. One person from each group grabs a card and reads out the definition to their other group members - the first person who guesses the correct definition wins a point which is recorded on the score card (see PPT). The pile of cards goes round the group and the scores are recorded. The game finishes when all cards have been used. This game takes around 1 hour to complete all cards. This game has proved a huge hit with students of all abilities and really has helped them learn the keywords and basic theory of Business Studies. A perfect game for GCSE Business Studies. This game has been made to fit the AQA syllabus, however it could easily be adapted for other exam boards. Included in this lesson are following: Keyword Championship Title Screen Rule of the game Score card Unit 2 - Growing as a Business Keywords (ready to be cut up) There is space for adding your own keywords and definitions to make the game more fun and suited to your students. E.g. I like to add in the odd fact and business quote to help make the game a little more fun. Rules of Keyword Championships: Get into groups of 4-5 people. Shuffle your keyword cards and turn them upside down into a nice pile. One person in your group will then pick up a card and read the description. The first person to correctly identify the keyword gets a point. Keep going around the table until all keywords have been identified and find out who has the most points. The winning person in each group will win a prize.

At the end of each year (and even each term) I like to play a fun revision game with my GCSE Economics students. Unit 1 Keyword Championships helps students re-cap on all the keywords from the unit How the Market Works from GCSE Economics. I first explain the rules of the game to my students (see below) and hand out the packs to groups of 4-5 students. I simply print out and cut up all the keywords and definitions to make a large pile. One person from each group grabs a card and reads out the definition to their other group members - the first person who guesses the correct definition wins a point which is recorded on the score card (see PPT). The pile of cards goes round the group and the scores are recorded. The game finishes when all cards have been used. This game takes around 1 hour to complete all cards. This game has proved a huge hit with students of all abilities and really has helped them learn the keywords and basic theory of Economics. A perfect game for GCSE Economicss. This game has been made to fit the OCR syllabus, however it could easily be adapted for other exam boards. Included in this lesson are following: Keyword Championship Title Screen Rule of the game Score card Unit 1 - How the Market Works Keywords (ready to be cut up) There is space for adding your own keywords and definitions to make the game more fun and suited to your students. E.g. I like to add in the odd fact and business quote to help make the game a little more fun. Rules of Keyword Championships: Get into groups of 4-5 people. Shuffle your keyword cards and turn them upside down into a nice pile. One person in your group will then pick up a card and read the description. The first person to correctly identify the keyword gets a point. Keep going around the table until all keywords have been identified and find out who has the most points. The winning person in each group will win a prize.