A fun game or starter that gets students to apply their knowledge of price elasticity of demand. Students are shown a good and given its elasticity. They are next shown another good and have to guess whether the next goods elasticity will be higher or lower. This sparks a discussion of whether a good is likely to be price elastic or inelastic and how elastic or inelastic it will be. This can be done either as a whole class activity or in two smaller groups as there are two sets of questions. For each set there are 10 goods which range in difficulty.

A 21 slide powerpoint presentation on financial markets new to the AQA Economics specification (but may be suitable to other exam boards) Topics covered include: - Functions and characteristics of money - Money Supply - Quantity Theory of Money - Fishers Equation - Structure of Financial Markets - Government Bonds and Calculating Yields - Why the Bonds Yield and Price are Inverse to One Another - Commercial and Investment Banks Roles, Objectives and Balance Sheets - Trade off Between Liquidity, Profitability and Security - Regulation of the Financial System - Causes of Bank Failures For lesson activities and worksheets on Financial Markets check out my Break the Safe! Challenge here https://www.tes.com/teaching-resource/break-the-safe-financial-markets-and-monetary-policy-challenge-with-answers-11494888

This resource contains two worksheets designed to challenge students and apply their knowledge of behavioural economics to solve market failures in the fast food market and increase household recycling. Both worksheets come with suggested teacher answers and can prompt a good discussion at the end of the lesson when deciding whether nudges are more effective in the fast food market or to encourage recycling. The worksheets are different difficulties, with the recycling worksheet being the more difficult of the two.

A five page worksheet that uses a London Underground as a case study to apply behavioural economics and nudge principles to. The topics covered on the sheet are: An illustration of how decision making can be impaired when using the London Underground tube map Defining key behavioural economics terms Whether or not behavioural economics should be used by London Underground How behavioural economics can be used to change passenger behaviour A seperate document contains suggested teacher answers. IMPORTANT: There are two versions of each document, one is a PDF and one is a word document so it can be edited. The content of the documents is the same.

One powerpoint presentation explaining long run aggregate supply both in the keynesian and classical model, one starter activity (in pdf and word formats) getting students to contrast the classical and keynesian models, one powerpoint presentation on macroeconomic equilibrium and one worksheet getting students to apply their knowledge of macroeconomic equilibrium, different interpretations of the economy and shifts in LRAS, AD and AS

A worksheet that challenges students to apply their knowledge of PED, PES, YED and XED. Uses written, calculation and graphical explanation

A model answer to the question: Using the data and your economic knowledge, evaluate whether governments such as those in the UK and China should intervene in labour markets to increase trade union membership (25 marks)

A worksheet (and extension task) for students to act as the ONS and calculate price indexes, convert nominal GDP to real GDP, calculate GDP growth and GDP per capita. Includes questions designed to prompt students to work out why there is a difference in these measurements and useful formulas. Also includes a teacher answer sheet with the figures students should have calculated and brief answers to the questions.

A classroom game that demonstrates the circular flow of income. Split your class into households and firms and give them the corresponding worksheet. You need to cut out the slips at the end of the document. There are two rounds to this game. At the start of the first game allocate households factors of production and allocate firms money. The initial allocation of factors of production represents wealth and I divided these unequally between the households but distributed money certificates equally between firms to see who is a better businessman. I did a ratio of two money certificates for every one factor of production so the equilibrium wage should be two (don't let the students know this though). Any unused factors of production represent unemployment and should be taken off households at the end of the game. In the second round change the firms factors of production into goods and services. I did one factor of production equals one goods and services. Ask firms to calculate there profits at the end of the game and find out who were the best business people. Ask the students to draw what they saw in the game. Then ask the students what is missing from the closed economy model.

A worksheet challenging students to answer questions on costs of production including marginal, average and total cost as well as economies of scale, returns to scale and fixed and variable costs.

A fun worksheet that can either be used on laptops with editable PDF's or printed and given as a worksheet in class. There are 10 theory of the firm diagrams that students have to give a title to. Will encourage students to label their diagrams fully! It could be used as an extension task, lesson starter, lesson activity or homework. Diagrams include: - Natural monopoly - Oligopoly kinked demand curve - Diminishing marginal returns - Monopoly - Monopoly and DWL - Marginal Cost - Economies of Scale/Envelope Curve - Shut down point - Allocative efficiency - Break even/ contestable monopoly/ normal profits

A fun game that can be used for revision or a starter activity that gets students to identify in teams the negative externalities in the diagram sheet in turn. They will be awarded with 10 points for every correct diagram they select. However, if they choose a wrong diagram there is a wipeout and they start back at zero points. The winning team will be the one who has the most points at the end of the game.

The fundamental economic problem worksheet with questions on opportunity cost, ceteris paribus, assumptions, infinite wants and finite resources and positive and normative statements. This is the first worksheet I give my students once we have covered some basic concepts.

A game that introduces some economic concepts to new students such as utility, inequality in wealth, objectives and functions of money. The game require each student to be given a small bag of differing amount of sweets, then they follow the three rounds and have a class discussion. I have also included a sheet which I print in A3 then get students to write down what kind of questions economics answer and topics we may study.

I use these worksheets at the start of teaching Behavioural Economics, before students have learnt anything about it. They complete the 'How rational are you?' worksheet and later in the course once they have learnt about the topic they will review their answers and see where they were affected by cognitive biases. This session opens up much discussion and includes teacher answers and a quantitative skills extension task using data from the class.

A fun worksheet asking students to find the stations on the HS2 route by answering true or false questions, estimate future demand for rail travel and consider the advantages and disadvantages of HS2. Can be used for many topics or revision. Topics include: - Supply side policies - Externalities - Inequality - Economic growth - Unemployment & more! This resource also includes suggested teacher answers.

A labour market failure revision booklet originally designed for OCR F583 but may also be suitable for AQA labour market topics. The first half has blank spaces for students work work through themselves, I usually print each slide in A4. The second half if a teacher copy with the answers to the questions filled in. Contents of the slides include . . . A) Causes of labour market failure - Monopsony - Trade unions - Unemployment - Economic inactivity - Segmented labour markets - Discrimination - Skill shortages - Immobility of labour - geographical and occupational immobility - Information failure B) Assessing Labour Market Policies - Education and training - Information provision - Regional policy - National minimum wage - Strengthening trade union power - Leaving to the free market

A worksheet debating the question 'Do monopolies exploit consumers?'

Students must identify each market failure whose key term has been destroyed by an asteroid and removed all of the vowels. Follow up questions may include: - Giving an example of a type of good or situation that fits this market failure - Explaining why this is a market failure - Suggesting how the government could correct it

A review worksheet - gets students to compare features of different market structures (monopoly, oligopoly, monopolistic competition and perfect competition).