This lesson introduces learners to the concept of rational vs emotional decision making, we emphasise the importance of rational decision making but acknowledge that as humans we don’t always use logic in making every decision. Colourful, concise and engaging slides! Thank you

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

This set of resources includes 1x PPT and 2x word files and can be delivered over a double lesson. We start with a recap of PED as knowledge of this needs to be secure before moving onto YED to prevent future confusion. We look what YED measures, the formula and the different types of goods that exist such as inferior and luxury goods. Students have the opportunity to practise plenty of calculations on YED, some of which require percentage change to be calculated before calculating YED. All answers are provided. We then go onto look at factors that affect the income elasticity of a good such as necessity and luxuries. A link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This set of resources includes 1x PPT, 1x set of group task cards and 1x word case study, this can be delivered over two lessons. Learners are introduced to demand and the various factors influencing demand. We look at movements in the demand curve through price first before going through each factor with relevant examples such as using Messi and Ronaldo adverts to highlight the impact on demand for football boots. We also look at how this can be shown on diagramatically on demand curves. We then go on to ‘Walkthrough Westfield’ which is a group activity, students are given a set of factors which affect demand, and then through our virtual walkthrough we stop at different shops, students have the opportunity to dicuss and rank the factors for that particular shop (encouraging application and evaluation). We then look at different types of demand such as joint, derived and composite before looking at the concept of dimiinishing marginak utility. Students then read a concise case study and answer an 8 mark question, structure guidance and model answer provided for peer assessments - this question is from the business spec but relevant to this topic. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This set of resources includes 2x PPT, 2x word files and can be delivered over 2-3 lessons. Learners are introduced to the concept of inflation. We start by talking about how prices have changed hugely compared to the 1960s and 70s to stimulate students on the topic. We look at what inflation is, how it is measured, changes to the basket in 2021, cost push and demand pull causes, effects of inflation on consumers, firms, workers and the government - all with relevant examples, exam questions with model answers are provided too. In the second lesson, we build on this by looking at index numbers and their uses, particularly when looking at inflation. Finally, we look at the limitations of the CPI index and finish off with a kahoot. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the components of aggregate demand before looking at each component in greater detail later in the course. We start by breaking down the definition of aggregate demand to undestand the components involved. We look at the AD curve and understand why it slopes downwards and why it is different to the micro demand curve although looks the same. We look at movements and shifts in the AD curve and students have the opportunity to practice drawing the diagram with shifts - answers provided. A box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to one of the components of AD - consumption! We start with a recap of AD before looking at what consumption and disposable income is, we look at examples of where consumption comes from, marginal propensity to consume, save and APC formulas. A calculation task for consolidate the marginal propensity to consume. Some diagram practice before ending with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to investment as part of aggregate demand. We have a recap of consumption before looking at what investment in Economics means, including the difference between gross and net investment. We then look at the influences on investment with examples, a link to a BBC article for context and a set of questions with answers on the following slide. We also look at a case study of when UK business confidence was low - an 8 mark question on this with guidance and a concise model answer. We finish with a box plenary to consolidate. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to long-run aggregate supply, we start by looking at the classical and keynes models, with a discussion on spare capacity to understand the keynes version. Step-by-step animated diagrams with explanations so it is easy for students to understand and for the teacher to deliver. We then look at the factors which can shift LRAS. Lots of practice questions with illustrated answers so students know if they are on the right track. In the second part of the lesson, students combine their knowledge on AD and AS, we read a case study on rising house prices and attempt a question on the effects on AD and AS. A model answer is provided and students can peer assess with the marking grid. Two links to kahoot quizzes to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the circular flow of income, we start by looking at what this model is and how it is made up. We look at the difference between income and wealth before looking at injections and withdrawals into the circular flow. Animated diagrams of the circular flow to show how money circulates between the parties. A number of consolidation tasks including a 6 mark exam question - all with answers provided. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the concept of the multiplier. We start by provoking thinking on how an injection might end up stimulating AD, we look at examples of how this might look before looking at the formula for the multiplier. Calculation questions with answers are provided, an evaluation to the multiplier is discussed. In the second part of the lesson we look at the alternative way to calculate the multiplier through MPW, a question and answer on this too before playing two kahoot quizzes and a box plenary to end with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to output gaps, we start by looking at GDP charts and identifying trends to understand long term trend rate of growth. We then look at positive and negative output gaps in more detail with step by step, animated diagrams for clearer explanations. Finally we look at the difficulties of measuring output gaps. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the causes of economic growth, we start by looking at what growth is by differentiating between actual and potential growth. We look at different ways to show growth through step by step diagrams. We watch a few videos for context on economic growth and the export-led economic growth of Bangladesh. Colourful, concise and engaging slides! Thank you

This double lesson builds learners understanding on demand-side policies. We look at different interest rates to understand the base rate. We look at fiscal policy and the most recent spending review, students discuss what impact these policies might have on AD. An interesting documentary on the interest rate rise which shows the point of view from different people - an exam style question with guidance and a model answer is provided for students to use before peer assessing. In the second lesson, we look at quantitative easing and demand side policies used in the great depression and 2008 financial crisis. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to supply side policies to increase the productive potential of the economy. We look at both, market based and interventionist policies, with relevant examples for each one. We look at the pros and cons of using supply side policies for the economy. A group task engaging students to come up with supply-side policies and a question on how to boost the productivity of the manufacturing sector. We finish with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson summarises the possible macroeconomic objectives which students would have heard throughout the course so far. We look at the 7 main objectives. Students are given an exam style question to prepare a presentation on - how inflation could impact the other macroeconomic objectives - balanced points are given on the following slide to compare with students’ presentations, this can also be answered for homework later. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to different sizes and types of firms, we look at what factors determine the size of a business, we then go on to look at the principal-agent problem and an example of a firm that has made attempts to reduce this problem. We look at the different between public and private sector organisations and their different motives, followed by interesting videos which stimulate debate on the topic. We finish with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the concept of revenue in Economics. We first start by looking at the law of diminishing marginal utility to understand how curves will look. We then look at each formula, with examples of figures + an activity where students calculate the total revenue, average revenue and marginal revenue. Students are made aware that revenue will be different in perfect competition compared to imperfect competition. We finish with a box plenary. Colourful, concise and engaging slides! Thank you