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This double lesson introduces learners to price elasticity of demand - a tricky concept at first but this resource breaks everything down step by step with plenty of calculation and essay exam practice. We start by looking at the concept of elasticity with an engaging Eastenders starter, we learn the key formulas needed to tackle any PED questions before looking at examples of some inelastic products.
Students have the opportunity to calculate PED questions with answers on the board to show how answers are reached. We then go on to look at factors that affect the price elasticity of a product and apply this theory to a Nando’s 8 mark question - structure guidance and a model answer is provided for students to look at before peer assessing and responding to WWW and EBI.
Two links to kahoot quizzes and a box plenary to finish with.
Colourful, concise and engaging slides!
Thank you
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Edexcel A Level Business Theme 1 (COMPLETE COURSE)
This bundle for Edexcel's A Level Theme 1 is the ultimate pack for teachers delivering this course. Updated for 2021 with more engaging and colourful slides to cater for remote learning needs. The highest quality, unrivalled lesson experiences from start to finish. Filled with real life examples, concise case studies to save time and focus on key skills of knowledge, application, analysis and evaluation. Questions with structured guidance and modelled answers for self/peer assessments - to save your time and to build their skills at the same time rather than just going through theory slide after slide. Please have a look at individual files to see previews. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you
Edexcel A Level Business Theme 1 - 1.2 Market
This 9 lesson bundle covers: 1.2.1 Demand - 2 lessons 1.2.2 Supply - 2 lessons 1.2.3 Markets 1.2.4 Price elasticity of demand - 2 lessons 1.2.5 Income elasticity of demand - 2 lessons Filled with real life examples, case studies, questions, concise model answers to improve exam practice and kahoot quizzes to consolidate learning in an engaging way. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you
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