Price Elasticity of Demand 1 (PED)

This is a whole lesson on Price Elasticity of Demand 1. This is the first lesson on elasticity. The lesson explains very clearly what elasticity is and its effect on revenue. The lesson also clearly explains how to calculate it with common errors highlighted and explained very clearly. This lesson calculates the PED as a point elasticity not as an Arc Elasticity. This lesson is ready to go, with no prep required. It is also great for home learning. 28-slide presentation + supplementary resources.

The lesson includes:

• Starter
• Learning Objectives (differentiated)
• Keywords
• Excellent Teaching Slides (explaining elasticity)
• Lots of Graphs (with custom animation)
• Lots of examples on how to calculate
• Key Questions
• Double-sided Worksheet (with answers)
• Plenary (Elasticity problem - working backwards)

ALL LESSONS for teaching all the different topics of the economics syllabus are available as one BIG BUNDLE in the link below:

Economics: ALL LESSONS

ALSO:

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