Justify and evaluate question (21 marks) test for topic 2.2. Among Us is a super context, as it is very popular amongst the GCSE age group and provides an opportunity to use both the context and their own application. Includes grade 9 exemplar answers. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This is a 25 minute test which focuses just on topic 2.3 content. The extract and questions are completely new and original. Also included are grade 9 exemplar answers. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon the costs that are required for Theme 3 and the market structures that follow. Costs fully explained are: average cost, fixed cost, average fixed cost, total cost, marginal cost and average variable. Particularly emphasis is placed upon marginal cost by explaining the law of diminishing returns in a clear and concise way. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly one or two ) focuses upon the revenue curves required for the market structures in Theme 3. Total revenue, average revenue and marginal revenue are all diagrammatically illustrated and explained. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon why firms decide to split up and demerge. Exploring the benefits and drawbacks. In addition, this leads onto why some firms remain small. Also included is an A* student essay which has been marked, the essay relates to why firms remain small. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon mergers, takeovers and acquisitions. Vertical, horizontal and conglomerates are explained. Plenty of real examples help to engagingly apply the theory, using news articles and videos. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) focuses upon the story of firms and how they are able to grow. Organic growth and inorganic is introduced, as well as briefly introducing the concept of barriers to entry. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon regulatory bodies and how they intervene in markets, as an alternative to encouraging competition. The concepts of price capping and profit capping are clearly explained. Clear examples are used, including Network Rail and Thames Water. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon government intervention to encourage competition. The concepts of deregulation and privatisation are explained through the example of Royal Mail. This sometimes overwhelming topic for students is clearly and concisely condensed in accordance with the specification. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon monopsony (dominant buyer) and clearly addresses the theory from the perspective that the specification requires. Included is a link to an excellent 40 minute documentary about the power of monopsonsies that students really enjoy. In addition, contemporary examples bring this theory to life and notes make sure that students are aware of exactly what is required. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon contestable markets. The resources include an excellent article, demonstrating contestability in the retail banking industry. Included is an A* student essay which has been marked. Resources included are: Includes exemplar A answer* Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly three or four) focuses upon the labour market. Influences upon demand and supply of labour are clearly outlined, as is the elasticity of both. Scenario activities apply the concepts and the notes/slides clearly show what students need to know. In addition, geographical immobility of labour is explained and the National Living Wage is used as an example to contextualise the topic. Students can find this topic overwhelming, these resources make the whole concept concise and clearly show what students need to learn. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) focuses upon the law of demand, the curve and why the curve is downward sloping. Diminishing marginal utility is focused upon and brought to life using an oil prices article. There is also a graph activity to support understanding. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Edexcel-specific set of notes for the student (and teacher!). Worksheets that match-up with the slides and clearly link to the specification. All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) focuses upon the law of supply and explains why the curve is upward sloping. There are plenty of questions for practise and an example of attempts to combat the ivory trade brings the topic to life. There is also a graph activity to support understanding. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Edexcel-specific set of notes for the student (and teacher!). Worksheets that match-up with the slides and clearly link to the specification. All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) focuses upon the application of the price mechanism theory, as required by the specification section below: 1.2.7 Price mechanism b) The price mechanism in the context of different types of markets, including local, national and global markets. The resources include questions and contexts for the students to practise. These include house prices and negative oil prices (which occured during the 2020 lockdown). Clear, colourful and engaging PowerPoint which links to the worksheets. Edexcel-specific set of notes for the student (and teacher!). Worksheets that match-up with the slides and clearly link to the specification. All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used. The negative oil prices exam-style question is an original creation © Michael Wilson (Teachonomics Ltd.)

This sequence of lessons (roughly one) focuses upon the price mechanism, the slides break down each of the signalling, incentive and rationaling functions. The notes clearly and concisely outline the specification details of this often confusing topic. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) brings demand and supply together to show how prices are determined, with a graph activity and the use of petrol and butter examples. The activities also address the idea of shortages and surpluses (excess demand and supply) when the price is not at equilibrium. Clear, colourful and engaging PowerPoint which links to the worksheets. Edexcel-specific set of notes for the student (and teacher!). Worksheets that match-up with the slides and clearly link to the specification. All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly one or two) focuses upon the surplus for consumers and producers, for whom the price is lower than their willingness to supply or purchase. There is a graph activity and some simple calculations to support student learning. Clear, colourful and engaging PowerPoint which links to the worksheets. Edexcel-specific set of notes for the student (and teacher!). Worksheets that match-up with the slides and clearly link to the specification. All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) focuses upon the popular ‘behaviorial economics’ topic (known as ‘alternative views of consumer behaviour’ in the specification) and the lesson draws upon the work of Nobel Prize winner Richard Thaler. Clear, colourful and engaging PowerPoint which links to the worksheets. Edexcel-specific set of notes for the student (and teacher!). Worksheets that match-up with the slides and clearly link to the specification. All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon subsidies and the associated diagrams. Step-by-step PowerPoint slides break down the diagram and build it up slowly, so that students can learn the material in a more accessible way. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.