A detailed and colourful worksheet designed to test a range of skills covered in this topic. The worksheet contains 6 activities, each taking between 5 and 15 minutes to complete. It took most of my students between 45 minutes and an hour to finish this worksheet. The activities are as follows: Activity 1 - A fill the blanks activity that test students’ knowledge of the vocal and terminology used Activity 2 - Calculating PED, percentage changes and recognising the different types of PED Activity 3 - ‘Developing your answers’ - students need to recognise and explain factors that influence PED Activity 4 - Revenue boxes Activity 5 - Diagrams Activity 6 - More complex calculations / application ALL ANSWERS ARE PROVIDED IN DETAIL and have been written in a way that is broken down for students to easily understand. I ran this activity as a peer marking exercise and collected everyone’s work at the end of the lesson to check if there were any gaps in understand to review the following lesson. This saved a lot of time!

Colourful. Engaging. Informative. This PowerPoint has been creating to introduce students to the concept of price elasticity of demand. Included in this PowerPoint: A detailed and colourful title page, highlighting the skills that will be covered over the duration of this topic A starter activity where students need to rank in order which goods / services would be most to least affected by a change in price Discussion points Slides detailing how price elasticity of demand is calculated, with an example Slides explaining what the numerical values mean (how to interpret them) Calculation questions with answers Explanation of the factors affecting price elasticity of demand This resource took me one hour to go through as a class