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
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Edexcel A Level Economics Theme 1 - 1.2 How markets work
This 14 lesson bundle covers: 1.2.1 Rational decision making 1.2.2 Demand - double lesson 1.2.3 PED YED XED - 5 lessons 1.2.4 Supply 1.2.5 Elasticity of supply 1.2.6 Price determination + 1.2.7 Price mechanism 1.2.8 Consumer and producer surplus 1.2.9 Indirect taxes and subsidies 1.2.10 Alternative views of consumer behaviour Filled with examples, activities, step-by-step animated diagrams and kahoot quizzes to consolidate learning in an engaging way. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you
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Edexcel A Level Economics Theme 1 (COMPLETE COURSE)
**New for 2021 - This bundle for Edexcel's A Level Economics Theme 1 is the ultimate pack for teachers delivering this course. Captivating powerpoints, the highest quality, unrivalled lesson experiences from start to finish.** Filled with real life examples and step-by-step animated diagrams. Please have a look at individual files to see previews. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you Note: 1.1.6 free market, command and mixed economies and 1.3.1 types of market failure are free downloads in the shop so not included in this bundle Theme 1 - Introduction to markets and market failure
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