Micro and Macroeconomics and The Role of Markets in Allocating Resources 'ppt' - IGCSE Economics

Complete Lesson.
Micro and Macroeconomics and The Role of Markets in Allocating Resources ’ppt’ IGCSE Economics. With this resource, I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Questions with Answers.’
Lesson Objectives;
At the completion of the lesson, the students should be able to;
Explain 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.• ‘Class Activity – key words,’ ‘Multiple Choice Questions’ with ‘Answers.