Prepared for IGCSE KS4 Economic. At the end of the lesson, students should be able to: D efine the mixed economic system. Describe government intervention to address market failure Definitions, drawing and interpretation of appropriate diagrams showing the effects of three government microeconomic policy measures : maximum and minimum prices in product, labour and foreign exchange markets; indirect taxation ; and subsidies . Definitions only of; government microeconomic policy measures: regulation; privatisation

At the end of the lesson, students should be able to: Define market failure and the key terms associated with market failure: public good , merit good, demerit good, social benefits , external benefits, private benefits, social costs, external costs, private costs. Causes of market failure With respect to public goods, merit and demerit goods, external costs and external benefits, abuse of monopoly power and factor immobility . Examples of market failure with respect to these areas only. Consequences of market failure The implications of misallocation of resources in respect of the over consumption of demerit goods and goods with external costs, and the under consumption of merit goods and goods with external benefits Note: diagrams of demand and supply relating to market failure are not required. ‘Class Activities’ and ‘Multiple Choice Questions’ with Answers.’

At the end of the lesson, students should be able toDefine globalization. Identify the role of multinational companies MNCs and the costs and benefits to their host and home countries. Identify and explain the benefits of free trade - the benefits for consumers, producers and the economy in a variety of countries. Methods of protection - tariffs, import quotas, subsidies and embargoes. Reasons for protection - Including infant industry, declining industry, strategic industry and avoidance of dumping. Consequences of protection - Effectiveness of protection and its impact on the home country and its trading partners. ‘Debate topic.’ ‘Class Activities’ with ‘Answers.’

At the end of the lesson, students should be able to: Define absolute and relative poverty - The difference between the two terms. The causes of poverty - The causes of poverty including unemployment, low wages, illness and age. Policies to alleviate poverty and redistribute income Identify and evaluate differences in economic development between countries. - Causes and impacts of differences in income; productivity; population growth; size of primary, secondary and tertiary sectors; saving and investment; education; and healthcare. ‘Class Activity’ ‘Multiple Choice Questions’ with Answers

At the end of the lesson, students should be able to: The Structure - components of the current account of the balance of payments – trade in goods, trade in services, primary income and secondary income. Calculation of deficits and surpluses on the current account of the balance of payments and its component sections. Causes of current account deficit and surplus - Reasons for deficits and surpluses. Consequences of current account deficit and surplus Impact on GDP, employment, inflation and foreign exchange rate. Policies to achieve balance of payments stability - The range of policies available to achieve balance of payments stability and how effective they might be.Class Activities provided with Answers

At the end the lesson, Students should be able: to; Identify and explain the purpose and nature of business activity Explain concepts of needs, wants, scarcity and opportunity cost.• Importance of specialisation. • Purpose of business activity• The concept of adding value and how added value can be increased. Class Activities with Answers

Explains Rostow’s model summarises economic growth of countries into five different stages.This resources explains such stage in relation to India.Changing industry in India.Industrial structure of India,secondary jobs in manufacturing,Political and trading relationships - India’s imports and exports and Millennium Development Goals. prepared for Geogrphy,IGCSE.

The resource explains Global Development, and shows the contrasts in development between countries Strategies to reduce uneven development. it shows the difference between international development and global development,theoretical perspectives on their role in development and the contrast between developed and underdeveloped countries etc. Prepared for Sociology and Economics AS and Level.

At the end of the lesson students should be able:Identify and explain the factors that affect population growth - Birth rate, death rate, net migration, immigration and emigration. Identify and explain the reasons for different rates of population growth in different countries - How and why birth rates, death rates and net migration vary between countries. The effects of changes in the size and structure of population on different countries - The concept of an optimum population. The effects of increases and decreases in population size and changes in the age and gender distribution of population. Note: Interpretation of a population pyramid is required. Drawing is not.‘Class Activity - debate / points.’ ‘Multiple Choice Questions / Answers.’

At the end of the lesson, students should be able to: Define foreign exchange rate - Floating and fixed systems. Determine foreign exchange rate in exchange market - by the demand for and supply of a currency in the exchange market and determine the equilibrium foreign exchange rate. Causes of exchange rate fluctuations - including changes in demand for exports and imports, changes in the rate of interest, speculation, and the entry or departure of MNCs. Consequences of exchange rate fluctuations - effects of exchange rate fluctuations on export and import prices and spending on imports and exports via the PED. Floating and fixed foreign exchange rates - the difference between, and the advantages and disadvantages of, a floating exchange rate and a fixed foreign exchange rate system. ‘Class Activities with Answers.’

At the end of the lesson, students should be able to:Identify and explain causes of price changes - Changing market conditions as causes of price changes. Identify and explain consequences of price changes - Demand and supply diagrams to be used to illustrate these changes in market conditions and their consequences for equilibrium price and sales. ‘Class Activities’ and Solutions

This resource is prepared for KS4 Economics on Firm’s Cost , Revenue and Objectives. Power point lesson with illustrations and activities. Contains Lesson Plan on the topic and previous topic- FIrm and Production.

Lesson plan on Business Studies KS3. Prepared for Year 8 and 9. A step by step lesson plan on topics such as:Micro and Macro,Double Antry Accounting, Division of Labour and Control Location Decision. Contains 5 weeks lesson plan.