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 lesson introduces learners to the different types of efficiencies. We start by watching a clip of Goldilocks to understand allocative efficiency - we go deeper into it and look at the definitions and illustrations of the different efficiencies. Videos and questions based on x-inefficiency and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the monopolistic market structure, we start by looking at the features of this market, then looking at some real life examples of firms that operate within this structure. We then look at illustrating this market structure in the short-run and long-run (animated diagrams to help students with drawing) before looking at pros and cons of monopolistic competition. A consolidation task and a true and false quiz to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to contestable markets, we start by looking at the features of this market with emphasis on the ease of entry and absence of sunk costs. We look at some real life examples of markets that are contestable, and what has led to increased contestability in recent times. Pros and cons discussed and a video case study to stimulate discussion on the impact of increased contestability in the hotel market. We finish with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to recent protectionism that has taken place. We start by looking at the purpose of protectionism then look at the recent example of Donald Trump imposing tariffs on China, and then another example of Obama imposing tariffs on Chinese tyres, a concise case study on this with a 4 mark question, structure guidance and a model answer for students to peer assess with. We then go onto the short and long term effects of protectionism with a 10 mark question, answers included. We finish off with a box plenary and a homework research task. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners the factors that businesses consider before relocating to sell or produce in another country. We start by looking at factors when assessing a country as a market, we look at each factor with some data then go on to looking at factors to consider when assessing as a production location (some of the factors come under both topics). A short case study on Slovakia’s government incentive of a flat tax which attracted many producers to relocate there, a 4 mark model answer for students to self assess with. A few more activities and a 10 mark question on assessing the UK as a production location, structure guidance is given and a model answer for students to look at, to build those examination skills! Colourful, concise and engaging slides! Thank you

This bundle could be delivered over 3 lessons and introduces learners to return on capital employed and gearing, whilst consolidating ratios from theme 2 such as current ratio, acid test, gross and net profit margins. Students have a chance to consider the limitations of ratios also. We start by demonstrating simple broken down examples of roce and gearing, as well as the other ratios with a range of consolidation activities. We also have a group task where students are given accounts of a major retailer, and they have to report back on how well the company has been performing by carrying out all the ratio analysis. Two kahoot quizzes with links provided and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This resource can be used as a revision lesson for GCSE Business. The aim is to help consolidate key terms by playing a game. This could be used for remote learning if the document is sent out to players but ideally it would be in class with the cards cut out in a deck. 1 In pairs or teams - have at least one describer and one or more guessers 2 Roll the dice and look at the colour the dice lands on 3 The describer picks a card from the deck and demonstrates the key term to the guesser 4 The guesser has 30 seconds to guess the word 5 If correct, team goes again, if not, the next team rolls the dice 6 First team round the board three times wins (Note: the game can be adapted i.e. if no dice, you can just go in order i.e. first card marketing, then external influences etc.) This is an editable version so it can be adapted if you would like to map it to a different specification or course. Thank you

This lesson introduces learners to the factors which make a firm globally competitive. We start by looking at the impact of changes in exchange rates and how this can affect the competitiveness of firms even though it is out of their control. We then move onto factors that are more in their contrl such as differentiation and trying to gain low cost competitiveness through economies of scale. A concise case study on China’s toy factories as they manufacture most of the toys in the world, students answer a question on how their competitiveness might affect UK firms in the same industry, and to what extent. Structure guidance and concise model answer to aid in peer assessing. Colourful, concise and engaging slides! Thank you

This bundle of lessons can be spread over 2-3 lessons and learners are introduced to the two financial statements. We start by breaking down an example of a Pizza shop’s revenues, costs and profit to show how the income statement is built step by step, students consolidate with an activity of creating an income statement for Ian Beale’s fish and chip shop. Answers provided to self assess. We then go on to the statement of financial position or balance sheet, before looking at some financial information and carrying out calculations (which students would’ve learned in year 12 theme 2 such as current ratio), answers provided to self assess, next, using these answers students complete a 12 mark written question - the type that appears in paper 3, so it’s a good idea to make sure students are familiar with this. Structure guidance and concise model answer provided to develop exam technique, a kahoot quiz and box plenary 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 lesson introduces learners to the important concept of specialisation and divison of labour, we start with a game where students produce a paper aeroplane, with and without specialisation to introduce the concept of efficiency when speciailising. We talk about the roots of this concept from Adam Smith and some real life examples of long supply chains yet the most efficient. After looking at divison of labour and functions of money, students have the opportunity to attempt a specialisation question (on a macro level rather than micro but same concept), structure guidance and a concise model answer is provided before we finish with a box plenary. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to negative and positive externalities, we look at examples of both, we also look at the different diagrams focusing on the socially optimum - all diagrams are animated and step-by-step so it easy for students to understand. We look at government policies for negative externalities before students attempt two kahoot quizzes and finish with a box plenary. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to long-run aggregate supply, we start by looking at the classical and keynes models, with a discussion on spare capacity to understand the keynes version. Step-by-step animated diagrams with explanations so it is easy for students to understand and for the teacher to deliver. We then look at the factors which can shift LRAS. Lots of practice questions with illustrated answers so students know if they are on the right track. In the second part of the lesson, students combine their knowledge on AD and AS, we read a case study on rising house prices and attempt a question on the effects on AD and AS. A model answer is provided and students can peer assess with the marking grid. Two links to kahoot quizzes to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to output gaps, we start by looking at GDP charts and identifying trends to understand long term trend rate of growth. We then look at positive and negative output gaps in more detail with step by step, animated diagrams for clearer explanations. Finally we look at the difficulties of measuring output gaps. 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