This double lesson introduces learners to the variety of interventions that governments use to intervene in markets. We start by recapping indirect taxes and subsidies before looking at examples of minimum and maximum prices - students contextualise this by looking at alcohol minimum prices and tuition fee caps in the UK - a short question with a model answer on this too. We then look at pollution permits, state provision of public goods, provision of information and regulation as other ways governments can interevene in markets. Two links to kahoot quizzes to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to public goods, what they are with examples of them, we then consider the free rider problem and why the private sector doesn’t offer public goods. We then look at information gaps and examples of how this could lead to market failure through witholding information and moral hazard. 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

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

This lesson introduces learners to different views of how and why consumers behave the way they do, we are not 100% rational as humans and we look at some engaging examples of why. Some consolidation activities followed by an exam style question on the Help to Buy scheme in property & rental market (where alternative views might be considered). A model answer is provided and marking grid for students to peer assess and make improvements to WWW and EBI. Colourful, concise and engaging slides! Thank you

This double lesson introduces leaners to indirect taxes and subsidies. We look at different types of indirect tax such as specific unit tax and ad valorem before looking at real life examples of these taxes so students can paint a picture of how it works in the UK. Animated step-by-step diagrams to help students with drawing the diagrams in their answers. We look at the sugar tax and students debate for and against the tax before going on to subsidies. For subsidies, we look at examples and diagrams as well before finishing off with a kahoot quiz and box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to consumer and producer surplus, we start with engaging examples to stimulate learners into the topic, we then look at what it actually is with broken down, step-by-step animated diagrams, to make it easy for students to understand, and for the teacher to deliver. We look at changes that might cause consumer and producer surplus to increase or decrease, as well as discussing society surplus with some consolidation activities. 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 determination of prices. The starter introduces learners to the equilibrium point through a plotted graph which they draw, from this we introduce the concepts of excess demand and excess supply, with step by step animated examples for students to easily understand the concept. Some consolidation activities before we look at the price mechanism and the invisible hand and the three functions. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learnes to elasticity of supply. We look at the difference between elastic and inelastic supply, as well as perfectly inelastic and unitary elastic supply, with examples. We also look at the reasons that cause supply to be inelastic or elastic. Students have the opportunity to complete calculations with a model example done first. 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 supply and the factors which influence it. We start by looking at why suppliers supply, once students grasp that it is for the incentive of profit we look at examples which can affect supply. We then go on to illustrate these impacts on diagrams with shifts in the supply curve - all broken down so students can grasp it quickly. We then have a four mark question with a case study on the supply of houses, guidance on the assessment objectives required and concise model answers for students to look at when peer assessing. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to cross elasticity of demand, building on the last two lessons on PED and YED. We look what XED measures, the formula and complements and substitutes. Students have the opportunity to practise plenty of calculations on XED, some of which require percentage change to be calculated before calculating XED. All answers are provided and questions use engaging products such as PS5 and games, Coca Cola and Pepsi etc. Two links to kahoot quizzes and a box plenary to finish with. 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 set of resources includes 1x ppt, 2x essay questions, 1x calculation sheet. Learners are introduced to price elasticity of demand - a tricky concept at first but this resource breaks everything down step by step with plenty of calculation and essay exam practice. We start by looking at the concept of elasticity with an engaging Eastenders starter, we learn the key formulas needed to tackle any PED questions before looking at examples of some inelastic products. Students have the opportunity to calculate PED questions with answers on the board to show how answers are reached. We then go on to look at factors that affect the price elasticity of a product and apply this theory to a Nando’s 8 mark question - structure guidance and a model answer is provided for students to look at before peer assessing and responding to WWW and EBI. Another bonus question is included which is based on tobacco cigarettes vs vaping, students consider the different elasticities of the two products and explain why they might be different, full model answer provided for the class to look at and assess together. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This set of resources includes 1x PPT, 1x set of group task cards and 1x word case study, this can be delivered over two lessons. Learners are introduced to demand and the various factors influencing demand. We look at movements in the demand curve through price first before going through each factor with relevant examples such as using Messi and Ronaldo adverts to highlight the impact on demand for football boots. We also look at how this can be shown on diagramatically on demand curves. We then go on to ‘Walkthrough Westfield’ which is a group activity, students are given a set of factors which affect demand, and then through our virtual walkthrough we stop at different shops, students have the opportunity to dicuss and rank the factors for that particular shop (encouraging application and evaluation). We then look at different types of demand such as joint, derived and composite before looking at the concept of dimiinishing marginak utility. Students then read a concise case study and answer an 8 mark question, structure guidance and model answer provided for peer assessments - this question is from the business spec but relevant to this topic. 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 concept of rational vs emotional decision making, we emphasise the importance of rational decision making but acknowledge that as humans we don’t always use logic in making every decision. 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

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