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Former teacher of Economics, Politics & Business Studies in Madrid, Spain (journalist at The Times, Sunday Times & MoneySavingExpert.com in a previous life)

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Former teacher of Economics, Politics & Business Studies in Madrid, Spain (journalist at The Times, Sunday Times & MoneySavingExpert.com in a previous life)
IB Economics (HL) - Microeconomics - Unit 2 (Real-world issue 2)
smith_michaelsmith_michael

IB Economics (HL) - Microeconomics - Unit 2 (Real-world issue 2)

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For Unit 1: Introduction to Economics see: https://www.tes.com/teaching-resource/resource-12681403 For Unit 2 (Real-world issue 1): https://www.tes.com/teaching-resource/resource-12793808 Everything that you need to teach Real-world issue 2 of Unit 2: Microeconomics of IB DP Economics (Higher Level). Includes: 240 slide PowerPoint (broken down into individual lessons covering everything in the syllabus) Student activities and challenges throughout the presentations Worksheets Practice questions Graph practice Links to relevant videos and articles Links to online quizzes Topics covered include: Perfect competition Oligopoly & monopoly Government intervention Max and min prices Taxes and subsidies Externalities Public goods Also includes: Economics reading diary (and recommended reading list) Graph practice (for units 1 and 2)
IB Economics (SL) - Microeconomics - Unit 2 (Real-world issue 2)
smith_michaelsmith_michael

IB Economics (SL) - Microeconomics - Unit 2 (Real-world issue 2)

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For Unit 1: Introduction to Economics see: https://www.tes.com/teaching-resource/resource-12681403 For Unit 2 (Real-world issue 1): https://www.tes.com/teaching-resource/resource-12684013 Everything that you need to teach Real-world issue 2 of Unit 2: Microeconomics of IB DP Economics (Standard Level). Includes: 86 slide PowerPoint (broken down into individual lessons covering everything in the syllabus) Student activities and challenges throughout the presentations Worksheets Practice questions Graph practice Links to relevant videos and articles Links to online quizzes Topics covered include: Government intervention Max and min prices Taxes and subsidies Externalities Public goods Also includes: Economics reading diary (and recommended reading list) Graph practice (for units 1 and 2)
Economics news stories
smith_michaelsmith_michael

Economics news stories

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A list of microeconomics news articles relating to each chapter of Edexcel International A-level Economics, Student Book 1 and Student Book 2 for Year 12 & 13 Economics students. Most articles are taken from The FT (subscription required). See bottom of each list for help getting free accounts for students.
IB Economics (HL) - Microeconomics - Unit 2 (Real-world issue 1)
smith_michaelsmith_michael

IB Economics (HL) - Microeconomics - Unit 2 (Real-world issue 1)

(0)
For Unit 1: Introduction to Economics see: https://www.tes.com/teaching-resource/resource-12681403 For standard level resource see: https://www.tes.com/teaching-resource/-12684013 Everything that you need to teach Real-world issue 1 of Unit 2: Microeconomics of IB DP Economics (Higher Level). Includes: 130 slide PowerPoint (broken down into individual lessons covering everything in the syllabus for teaching Real-world issue 1 - Higher Level) Student activities and challenges throughout the presentations Worksheets Practice questions Graph practice Links to relevant videos and other external resources Links to bespoke quizzes Topics covered include: Demand The demand curve (movements & shifts) Supply The supply curve (movements & shifts) Market equilibrium Functions of the price mechanism Consumers, producer & community surplus Allocative efficiency Price elasticity of demand Behavioural economics Business objectives
Economics revision videos (Micro)
smith_michaelsmith_michael

Economics revision videos (Micro)

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Chapter-by-chapter microeconomics revision videos for Year 12 and 13 A-level Economics students (Edexcel). Download the Word doc and click on the links. I get my students to bookmark them. The lists are constantly being updated on a Google doc (so please let me know of any recommendations that I can add).
Introduction to an annual wealth tax (A-level Economics)
smith_michaelsmith_michael

Introduction to an annual wealth tax (A-level Economics)

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Quick lesson on the merits of an annual wealth tax used with my Year 12 and 13 Economics students. -Students read the BBC article on a proposed wealth tax -Try to fill in the table with some pros and cons (using their own knowledge) -Then I put the Financial Times video on (20 mins; free on YouTube) and asked students to update their table accordingly -Also resulted in a good discussion in my classes after viewing I found this was a good way to help my students understand a real world issue that isn’t necessarily in the syllabus. I did something similar with Universal Basic Income here: https://www.tes.com/teaching-resource/resource-12772087
Introduction to Universal Basic Income (A-level Economics)
smith_michaelsmith_michael

Introduction to Universal Basic Income (A-level Economics)

(0)
Quick lesson on Universal Basic Income used with my Year 13 Economics students. -Students read the BBC article on UBI -Try to fill in the table with some pros and cons (using their own knowledge) -Then I put the Financial Times video on (19 mins; free on YouTube) and asked students to update their table accordingly -Also resulted in a good discussion in my class after viewing I found this was a good way to help my students understand a real world issue that isn’t necessarily in the syllabus
AS-level Microeconomics bundle: Unit 1 (Edexcel) - chapters 11-20 (8 lessons + worksheets)
smith_michaelsmith_michael

AS-level Microeconomics bundle: Unit 1 (Edexcel) - chapters 11-20 (8 lessons + worksheets)

14 Resources
Bundle of eight lessons covering chapters 11-20 of Edexcel AS-level Economics (Student book 1). Each lesson includes a PowerPoint (plus worksheets/activities). Lesson 1: Market equilibrium Lesson 2: Functions of the price mechanism Lesson 3: Law of diminishing marginal utility Lesson 4: Indirect taxes and subsidies Lesson 5: Market failure (moral hazard; information gaps; under-provision of public goods etc.) Lesson 6: Externalities Lesson 7: Government intervention Lesson 8: Government failure Also includes: Diagram practice (max & min prices and more) Links to whole class quizzes Selection of multiple choice questions from recent past papers Mind maps for planning 20-mark essay questions Essay planning template Economics reading diary
IB Economics (SL) - Microeconomics - Unit 2 (Real-world issue 1)
smith_michaelsmith_michael

IB Economics (SL) - Microeconomics - Unit 2 (Real-world issue 1)

(0)
For Unit 1: Introduction to Economics see: https://www.tes.com/teaching-resource/resource-12681403 For Unit 2 (Real-World issue 2) see: https://www.tes.com/teaching-resource/resource-12826944 Everything that you need to teach Real-world issue 1 of Unit 2: Microeconomics of IB DP Economics (Standard Level). Includes: 97 slide PowerPoint (broken down into individual lessons covering everything in the syllabus for teaching Real-world issue 1 - Standard Level) Student activities and challenges throughout the presentations Worksheets for every lesson Practice questions Graph practice Links to relevant videos and other external resources Links to online quizzes Topics covered include: Demand The demand curve (movements & shifts) Supply The supply curve (movements & shifts) Market equilibrium Functions of the price mechanism Consumers, producer & community surplus Allocative efficiency Price elasticity of demand Income elasticity of demand Price elasticity of supply
Introduction to IB Economics - IB Diploma - Unit 1 (complete)
smith_michaelsmith_michael

Introduction to IB Economics - IB Diploma - Unit 1 (complete)

(1)
Everything that you need to teach Unit 1: Introduction to Economics of IB DP Economics (first assessment 2022). For Unit 2: Real World Issue 1 (Microeconomics) see: https://www.tes.com/teaching-resource/resource-12793808 The recommended teaching time for this unit is 10 hours (for both standard level & higher level) and these materials more than cover it: 86 slide PowerPoint (broken down into individual lessons covering everything in syllabus) Student activities and challenges throughout the presentations Worksheets for every lesson Practice questions Links to relevant videos and other external resources Reading diary (with recommended reading list) Topics covered include: Economics as a social science Factors of production Scarcity Opportunity cost Production possibilities curve model (PPC/PPF) Circular flow of income Positive & normative statements Marx, Smith, Keynes
Circular flow of income (AS-level Economics)
smith_michaelsmith_michael

Circular flow of income (AS-level Economics)

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AS-level Macroeconomics lesson on circular flow of income (suitable for AS-level and IB Economics). Includes: PowerPoint (with learner activities) Step-by-step student help for drawing the circular flow of income diagram Recap of Production Possibilities Curves Explanation of leakages and injections Critical thinking student activities on how circular flow might change Link to Keynes documentary and accompanying worksheet Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Microeconomics quizzes (Quizizz)
smith_michaelsmith_michael

Microeconomics quizzes (Quizizz)

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Links to the microeconomics quizzes that I make on Quizizz. Students play on their own laptops and compete against one another. This is a live document: every time I create a new quiz, I will add it to the list.
Government intervention in labour markets (A-level Economics)
smith_michaelsmith_michael

Government intervention in labour markets (A-level Economics)

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A-level Microeconomics lesson (Edexcel) on Government intervention in labour markets (used with my Year 13s). Includes: PowerPoint (with learner activities) Starter task (on labour market failure) Methods of government intervention explained (minimum wage; maximum wage; regulation) with diagrams Video Practice past paper questions and mind map activity Ways to reduce geographic and occupational immobility of labour Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
20-mark essay mind maps (AS-level Economics)
smith_michaelsmith_michael

20-mark essay mind maps (AS-level Economics)

(0)
Used this at the end of the Microeconomics course to help Year 12s plan their exam essays (Edexcel). Challenges students to make mind maps for a variety of past paper 20 mark essay questions (Unit 1, Edexcel). Eight past paper questions to do overall.
20-mark essay mind maps (A-level Economics)
smith_michaelsmith_michael

20-mark essay mind maps (A-level Economics)

(0)
Used this at the end of the Microeconomics course to help Year 13s plan their exam essays (Edexcel). Challenges students to make mind maps for a variety of past paper 20 mark essay questions (Unit 3, Edexcel). 10 past paper questions to do overall.
Government failure (AS-level Economics)
smith_michaelsmith_michael

Government failure (AS-level Economics)

(0)
AS-level Microeconomics lesson (Edexcel) on government failure used with my Y12 students. Includes: PowerPoint (with learner activities) Recap of market failure and government intervention Video about consequences of government failure (landfill tax) Case study (with annotated help) 20-mark question with essay planner Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Economics revision tips
smith_michaelsmith_michael

Economics revision tips

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A list of 35 things students can do to improve their A-level Economics grade (links to reading lists, podcasts, revision sites etc). Please feel free to report any broken links or make suggestions for me to add to the list (I will gladly include them).
Determination of wage rates (A-level Economics)
smith_michaelsmith_michael

Determination of wage rates (A-level Economics)

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A-level Microeconomics lesson (Edexcel) on determination of wage rates used with my Y13 students. Includes: PowerPoint (with learner activities) Starter (quick refresh on some previous Y13 content) Explanations of perfectly competitive labour markets and non-competitive labour markets Practice questions Diagram explanations & practice Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Maximum & minimum prices (plus AS-level Microeconomics diagram revision)
smith_michaelsmith_michael

Maximum & minimum prices (plus AS-level Microeconomics diagram revision)

(0)
AS Microeconomics graph practice / revision - show students the various news article headlines and then challenge them to draw the corresponding diagram. Students need previous knowledge of all microeconomic diagrams (except maximum and minimum prices - which are covered in the final slides). 15-lesson bundle covering the first 10 chapters of Edexcel Student Book 1 (introductory concepts, consumer behaviour and demand and supply) can be found here: https://www.tes.com/teaching-resource/as-level-microeconomics-bundle-edexcel-chapters-1-10-15-lessons-worksheets-12602164
Supply of labour (A-level Economics)
smith_michaelsmith_michael

Supply of labour (A-level Economics)

(0)
A-level Microeconomics lesson (Edexcel) on supply of labour used with my Y13 students. Includes: PowerPoint (with learner activities) Starter (on oligopolies) Explanations of factors affecting supply of labour (net migration, government regulation, trade unions etc) Essay question / case study Essay planning template Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael