Economics 0455/2 Paper 2 Mock Examination Questions and answers series also double as a revision Work sheet of IGCSE questions covering the most recent years running. It is a must have paper to assure you peace of mind that you have indeed prepared your students for the coming examination. Each of the paper options A - D draws questions from the years specified For use as a preset exam question for your school, all you have to do is copy the file, replace the cover page, delete the marks and you have a ready to use question paper. The original file will serve as question paper and mark scheme. For use as an Interactive Work sheet for your students, simply separate the questions and answers that you need to another page(s), print them out and give to student to with. Alternatively, project the required questions for student to work on and when they are done expose the mark scheme.

LESSON PLAN; SUBJECT: Economics. TOPIC: 6.1 International specialisation IGCSE Economics. LESSON OBJECTIVE: are shared with the student for awareness and expectation of lesson outcome. NB: You may need to rejig it for more than a lesson period. At the end of the lesson, the students will be able to; describe 6.1.1 Specialisation at a national level - The basis for Specialisation at national level in broad terms of: superior resource allocation and/or cheaper production methods. 6.1.2 Advantages and disadvantages of specialization at a national level - For consumers, firms and the economy.

Lesson Plan Topic: Monetary Policy Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define money supply and monetary policy. Describe monetary policy measures. effects of monetary policy on government Macroeconomic aims- Changes in interest rates, money supply and foreign exchange rates. How monetary policy measures may enable the government to achieve its macroeconomic aims. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Whole Lesson: A whole lesson and this is all you need to teach on this topic for IGCSE Economic syllabus 2017 - 2019. It is good for Teachers and Students and adequate as a note for student to copy in the class or at home. Parents can also use to help their children to improve on their performance. Lesson Objectives :At the end of the lesson, students should be able to: • Unit 6.1b.1 define opportunity cost and analyse particular circumstances to illustrate the concept • demonstrate how production possibility curves can be used to illustrate choice and resource allocation. • do the ‘Class Activities’ Provided at the end of the presentation,

Whole Lesson: A whole lesson and this is all you need to teach on this topic for IGCSE Economic syllabus 2017 - 2019. It is good for Teachers and Students and adequate as a note for student to copy in the class or at home. Parents can also use to help their children to improve on their performance. Lesson Objectives :At the end of the lesson, students should be able to: • Unit 6.2 a. describe the allocation of resources in market and mixed economic systems; describe the terms primary, secondary and service (tertiary) sector in an economy • Answer the ‘Interactive Questions’ and do the ‘Class Activities 1, 2, & 3.’ provided at the end of the presentation.

A must have IGCSEquestions based Economics Worksheet with questions and answers on How thwe Market workss. It will help to study and /or revise a relatively wide area of the syllabus in in a stretched lesson It is excellent for** key stage 4, years 10 & 11 pupils. T**eachers and parents can use it to build their children’s confidence in for higher grades in the examinations. ****

LESSON PLAN Topic: Fiscal - policyTaxes & Government Spending IGCSE - Economics & Business Studies - ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define the budget. Identify and explain reasons for government spending. reasons for taxation. Classification of taxes. Principles of taxation. Impact of taxation- definition of fiscal policy. Fiscal policy measures and the effects of fiscal policy on government macroeconomic aims. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Opportunity Cost and Production Possibility Curve (PPC) Lesson Plan IGCSE Economics - ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define opportunity cost - Definition and examples of opportunity cost in different contexts. The influence of opportunity cost on decision making - Decisions made by consumers, workers, producers and governments when allocating their resources. Define Production Possibility Curve (PPC) - drawing and interpretation of appropriate diagrams. Points under, on and beyond a Production Possibility Curve (PPC) - The significance of the location of production points. Movements along a PPC - Movements along a PPC and opportunity cost. Shifts in a PPC- The causes and consequences of shifts in a PPC in terms of an economy’s growth. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

A Work Sheet for the IGCSE Economics 0455 syllabus for 2020, 2021 and 2022 exam requirements. The tasks in it cover more than one or two lessons. Assuredly, it will help you to fully engage your key stage 4 students during lessons as well prepare them for the ‘A and A* grades’ in the final examinations. All you need to do is print out the part of the work sheet you want to use, explain and/or discuss the sub topic for no more than 5 - 10 minutes and guide the students as they work on the tasks. If the need arises, let them consult their text books and discover things by themselves. You can record any part of it as assessment tests towards their examination. Objectives: The factors of production Topic 1.2.1 definitions of the factors of production and their rewards. Guidance Definitions and examples of land, labour, capital and enterprise. Examples of the nature of each factor of production. 1.2.2 mobility of the factors of production The influences on the mobility of the various factors. 1.2.3 quantity and quality of the factors of production The causes of changes in the quantity and quality of the various factors.

Lesson Plan Topic: Partnership Business Lesson Plan ‘MS word doc.’ IGCSE Business Studies & Economics. Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Identify Partnership business organization and the main features of Partnership business organisation: •• Differentiate between unincorporated businesses and limited companies •• Explain the concepts of risk, ownership and limited liability •• Recommend and justify Partnership form of business organisation to owners/management in a given situation. NB: Add your school’s name, and logo on top, you own name, date, and class year, term and week, etc.

Complete Lesson. Price Determination * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Define market equilibrium, draw and interpret demand and supply schedules and curves used to establish equilibrium price and sales in a market. Define market disequilibrium - draw and interpret demand and supply schedules and curves used to identify disequilibrium prices and shortages (demand exceeding supply) and surpluses (supply exceeding demand).

Topic: Money and Banking Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define money, the forms, functions and characteristics of money. Banking - The role and importance of central banks and commercial banks for government, producers and consumers. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Topic: Supply Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define supply - drawing and interpretation of appropriate diagrams. Price and supply - A supply curve to be drawn and used to illustrate movements along a supply curve with appropriate terminology, for example extensions and contractions in supply. Individual and market supply - The link between individual and market supply in terms of aggregation. Conditions of supply - The causes of shifts in a supply curve with appropriate terminology, for example increase and decrease in supply NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Price Elasticity of Demand (PED)Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; LESSON OBJECTIVE: are shared with the student for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define price elasticity of demand (PED). Calculate PED using the formula and interpret the significance of the result. Draw and interpret demand curve diagrams to show different PED. Determinants of PED -The key influences on whether demand is elastic or inelastic. PED and total spending on a product/revenue -The relationship between PED and total spending on a product/revenue, both in a diagram and as a calculation. Significance of PED - The implications for decision making by consumers, producers and government NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Trade Unions Lesson Plan ‘MS word doc.’ IGCSE Economics Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define a trade union. Describe the role of trade unions in the economy - Including engaging in collective bargaining on wages, working hours and working conditions; protecting employment; and influencing government policy. Factors influencing the strength of trade unions. Identify and explain the advantages and disadvantages of trade union activity - from the viewpoint of workers, firms and the government. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Factors of Production Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Identify and define the factors of production and their rewards - Give examples of land, labour, capital and enterprise and the nature of each factor of production. Mobility of the factors of production - The influences on the mobility of the various factors. Quantity and quality of the factors of production - The causes of changes in the quantity and quality of the various factors. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Market Failure Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define market failure - 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: demand and supply diagrams relating to market failure are not required. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Foreign exchange rates Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define foreign exchange rate - Floating and fixed systems. Explain the determination of foreign exchange rate in foreign exchange market - The demand for and supply of a currency in the foreign exchange market and the determination of the equilibrium foreign exchange rate. Causes of foreign 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 foreign exchange rate fluctuations - The effects of foreign 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 foreign exchange rate and a fixed foreign exchange rate system. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Sole Trader Lesson Plan ‘MS word doc.’ IGCSE Business Studies & Economics Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Identify the Sole Trader business and the main features of Sole Trader business: •• Differentiate between unincorporated businesses and limited companies •• Explain the concepts of risk, ownership and limited liability of Sole Trader •• Recommend and justify a Sole Trader business organisation to owners/management in a given situation. NB: Add your school’s name, and logo on top, you own name, date, and class year, term and week, etc.

A whole lesson *Topic: * Demand ‘ppt’, IGCSE Economics syllabus. *.Engage your students, relax, and simply guide them as they work and learn. 'Class Activities.‘with Answers.’ Lesson Objectives; At the completion of the lesson, the students should be able to; Define demand, draw and interpret appropriate diagrams.Draw a price and demand curve and use it to illustrate movements along a demand curve with appropriate terminology, for example extensions and contractions in demand.Individual and market demand - The link between individual and market demand in terms of aggregation.Conditions of demand - The causes of shifts in a demand curve with appropriate terminology, for example increase and decrease in demand.Class ‘Activity’ with Abswes.