A-level Economics - Types of cost, revenue ad profit (4 lessons +Exam q's and answers)

As an experienced economics teacher with 10 years in the classroom, I’ve developed a comprehensive 4-lesson PowerPoint series that covers every detail of production, cost, and revenue theory. Designed to save you time while delivering exceptional lessons, this resource is ideal for new and experienced teachers looking for a plug-and-play solution.

What’s included:

• Short-run production function: Understanding fixed and variable factors, total product, average product, and marginal product.
• Law of diminishing returns (law of variable proportions) explained with graphs and practical examples.
• Marginal and average costs, breaking down key calculations and concepts.
• Short-run cost function: Fixed vs. variable costs, with detailed explanations of the Short-Run Average Cost (SRAC) curve.
• Long-run production function: Returns to scale and their implications.
• Long-run cost function: Comprehensive analysis of the shape of the Long-Run Average Cost (LRAC) curve.
• Economies and diseconomies of scale: Internal, external, and their relationship to costs.
• Revenue theory: Total, average, and marginal revenue explained clearly.
• Profit types: Normal and abnormal (supernormal) profits covered in depth.

Key Features:

• Accurate and detailed content aligned perfectly with the CIE syllabus.
• Beautiful royalty-free images and professionally designed graphs to enhance visual learning.
• Engaging exercises with model answers to ensure no guesswork for teachers.
• High-level questions that challenge students and strengthen their knowledge.

This resource is perfect for building strong foundational knowledge in production and cost theory while equipping students to tackle exam questions with confidence. It’s ready-to-use, beautifully designed, and comprehensive enough to make a real impact in the classroom.