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George's Marvellous Business Studies & Economic Resources

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Please check out my quality teaching resources that cover both Business Studies and Economics. I have been a teacher for over 10 years and always aim to produce high quality worksheets, activities and presentations. I have taught both Business Studies and Economics from GCSE to A-Level. Please come back often to see my latest and greatest resources.

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Please check out my quality teaching resources that cover both Business Studies and Economics. I have been a teacher for over 10 years and always aim to produce high quality worksheets, activities and presentations. I have taught both Business Studies and Economics from GCSE to A-Level. Please come back often to see my latest and greatest resources.
Uses of National Income Data & Living Standards - Year 2 - Macroeconomics / Economics A-Level
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Uses of National Income Data & Living Standards - Year 2 - Macroeconomics / Economics A-Level

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A good overview and whole lesson on how national income data can measured and how it impacts an economy. Lesson aim: Students will understand how income data is measured, why governments measure income data and the main limitations of using income data to access living standards. This 33 slide PPT offers a perfect 2 hour+ lesson on national income data. The lesson looks at the following areas: Measuring National Income Why do Governments Measure National Income? What are the Limitations of Using National Income Data to Measure Living Standards? Other ways of measuring living standards The Big Mac Index The lesson has a number of written tasks throughout including two essay-based exam questions at the end. Overall a perfect lesson for A-Level economics.
A-Level Economics - How to Answer a 25 Mark Question - Is Economic Growth Always Good?
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A-Level Economics - How to Answer a 25 Mark Question - Is Economic Growth Always Good?

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This concise and clear PPT allows students to work through an exam style essay question. Students will understand how to structure a 25-mark essay based exam question through the skills of knowledge, analysis, application and evaluation. They will learn how construct PECAN PIE paragraphs and how to access all AO’s effectively. The lesson is centered around the following question: Is Economic Growth Always Good for an Economy? This lesson will work perfectly after covering economic growth in either year 1 or year 2 of macroeconomics. I have also included a corresponding worksheet, where students need to highlight, and peer mark an existing exam answer, whilst highlighting which AO’s have been met and how the answer could be improved. I have also included a nice PECAN PIE template for exam assistance for this and future questions. I have also included a simple key theory sheet which can be given out to students to help them access the question. The lesson includes a nice starter, main and plenary task. This lesson could easily stretch over 2 hours.
Objectives of Government Macroeconomic Policy - A-Level Economics - PPT & Group Task
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Objectives of Government Macroeconomic Policy - A-Level Economics - PPT & Group Task

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This detailed PPT helps introduce macroeconomics and the main government objectives. The lesson starts with a simple look at what macroeconomics is and which stakeholders it impacts. Below is a summary of the overall lesson objectives: Students will understand the main objectives of government macroeconomic policy: economic growth, price stability, minimising unemployment and a stable balance of payments on current account. The lesson looks mainly at the main government objectives, as listed below: * Stable low inflation * Sustainable growth * High employment * Improvements in productivity * Rising living standards and a fall in relative poverty * Sound government finances The lesson introduces each topic in brief detail to help students get an overview of the different objectives. The lesson also includes a 10 mark data exam style question based on the topic. I have also included links to a few key videos throughout the lesson to help students understand the topic. The lesson concludes with a fun group activity where students need to work together to create their won political party and come up with their own objectives and how they hope to improve the economy. I have included grading cards that can easily be printed and filled in to help students vote on their elected party. The plenary is a simple traffic light quiz that re-caps on the key theory covered. This lesson is perfect for introducing macroeconomics to students. It has been designed for the new Economics A-Level, but could easily be used for GCSE and other economic based courses. The lesson is linked to the UK economy, but again this could easily be updated for other countries. A perfect introduction to macroeconomics and government objectives.
GCSE Economics - How the Market Works - Keyword Championships - Fun Revision Game - OCR - Micro
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GCSE Economics - How the Market Works - Keyword Championships - Fun Revision Game - OCR - Micro

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At the end of each year (and even each term) I like to play a fun revision game with my GCSE Economics students. Unit 1 Keyword Championships helps students re-cap on all the keywords from the unit How the Market Works from GCSE Economics. I first explain the rules of the game to my students (see below) and hand out the packs to groups of 4-5 students. I simply print out and cut up all the keywords and definitions to make a large pile. One person from each group grabs a card and reads out the definition to their other group members - the first person who guesses the correct definition wins a point which is recorded on the score card (see PPT). The pile of cards goes round the group and the scores are recorded. The game finishes when all cards have been used. This game takes around 1 hour to complete all cards. This game has proved a huge hit with students of all abilities and really has helped them learn the keywords and basic theory of Economics. A perfect game for GCSE Economicss. This game has been made to fit the OCR syllabus, however it could easily be adapted for other exam boards. Included in this lesson are following: Keyword Championship Title Screen Rule of the game Score card Unit 1 - How the Market Works Keywords (ready to be cut up) There is space for adding your own keywords and definitions to make the game more fun and suited to your students. E.g. I like to add in the odd fact and business quote to help make the game a little more fun. Rules of Keyword Championships: Get into groups of 4-5 people. Shuffle your keyword cards and turn them upside down into a nice pile. One person in your group will then pick up a card and read the description. The first person to correctly identify the keyword gets a point. Keep going around the table until all keywords have been identified and find out who has the most points. The winning person in each group will win a prize.
GCSE Business Studies - Unit 2: Growing as a Business - Keyword Championships - Fun Revision Game
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GCSE Business Studies - Unit 2: Growing as a Business - Keyword Championships - Fun Revision Game

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At the end of each year (and even each term) I like to play a fun revision game with my GCSE Business Studies students. Unit 2 Keyword Championships helps students re-cap on all the keywords from the unit Growing as a Business from GCSE Business Studies. I first explain the rules of the game to my students (see below) and hand out the packs to groups of 4-5 students. I simply print out and cut up all the keywords and definitions to make a large pile. One person from each group grabs a card and reads out the definition to their other group members - the first person who guesses the correct definition wins a point which is recorded on the score card (see PPT). The pile of cards goes round the group and the scores are recorded. The game finishes when all cards have been used. This game takes around 1 hour to complete all cards. This game has proved a huge hit with students of all abilities and really has helped them learn the keywords and basic theory of Business Studies. A perfect game for GCSE Business Studies. This game has been made to fit the AQA syllabus, however it could easily be adapted for other exam boards. Included in this lesson are following: Keyword Championship Title Screen Rule of the game Score card Unit 2 - Growing as a Business Keywords (ready to be cut up) There is space for adding your own keywords and definitions to make the game more fun and suited to your students. E.g. I like to add in the odd fact and business quote to help make the game a little more fun. Rules of Keyword Championships: Get into groups of 4-5 people. Shuffle your keyword cards and turn them upside down into a nice pile. One person in your group will then pick up a card and read the description. The first person to correctly identify the keyword gets a point. Keep going around the table until all keywords have been identified and find out who has the most points. The winning person in each group will win a prize.
GCSE Business Studies - Unit 1 Setting Up a New Business - Keyword Championships - Fun Revision Game
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GCSE Business Studies - Unit 1 Setting Up a New Business - Keyword Championships - Fun Revision Game

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At the end of each year (and even each term) I like to play a fun revision game with my GCSE Business Studies students. Unit 1 Keyword Championships helps students re-cap on all the keywords from the unit Setting up a Business from GCSE Business Studies. I first explain the rules of the game to my students (see below) and hand out the packs to groups of 4-5 students. I simply print out and cut up all the keywords and definitions to make a large pile. One person from each group grabs a card and reads out the definition to their other group members - the first person who guesses the correct definition wins a point which is recorded on the score card (see PPT). The pile of cards goes round the group and the scores are recorded. The game finishes when all cards have been used. This game takes around 1 hour to complete all cards. This game has proved a huge hit with students of all abilities and really has helped them learn the keywords and basic theory of Business Studies. A perfect game for GCSE Business Studies. This game has been made to fit the AQA syllabus, however it could easily be adapted for other exam boards. Included in this lesson are the following: Keyword Championship Title Screen Rules of the game Score card Unit 1 - Setting Up a Business Keywords (ready to be cut up) There is space for adding your own keywords and definitions to make the game more fun and suited to your students. E.g. I like to add in the odd fact and business quote to help make the game a little more fun. Rules of Keyword Championships: Get into groups of 4-5 people. Shuffle your keyword cards and turn them upside down into a nice pile. One person in your group will then pick up a card and read the description. The first person to correctly identify the keyword gets a point. Keep going around the table until all keywords have been identified and find out who has the most points. The winning person in each group will win a prize.
Production & Productivity - Labour & Capital Productivity - GCSE Economics - PPT & Worksheet
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Production & Productivity - Labour & Capital Productivity - GCSE Economics - PPT & Worksheet

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This lesson looks at the difference between production and productivity. The lesson includes many key examples, tasks and key theory. I have also included a simple worksheet to work alongside the key theory. The lesson covers the following theory: * Production * Productivity * Factors of production * Labour intensity * Capital intensity Below is a break-down of the lesson aims: All: Students will know the difference between production and productivity. Most: Students will know how to calculate both labour and capital productivity Some: Students will know the main advantages and disadvantages of both labour and capital intensive industries. This lesson is perfect for GCSE Economics and could also be useful for A-Level Economics.
Buffer Stocks - Government Price Controls - PPT & Worksheet - A-Level Economics / Microeconomics
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Buffer Stocks - Government Price Controls - PPT & Worksheet - A-Level Economics / Microeconomics

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This detailed lesson looks at government intervention in the economy using buffer stocks. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at: Government price controls Buffer stocks The short-run fall in agricultural prices Buffer stock supply and demand Problems of buffer stocks Lesson Aim: Students will understand the various ways a government can impose price controls including buffer stocks. I have included a student copy of the lesson to work alongside the main PPT. I have also included a great worksheet based on the corn industry and how a buffer stock could be used. A perfect lesson for A-Level Economics.
Government Intervention - Price Floors, Price Ceilings, Subsidies & Government Failure - Economics
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Government Intervention - Price Floors, Price Ceilings, Subsidies & Government Failure - Economics

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This detailed lesson looks at government intervention in the economy through price floors, price ceilings and subsidies. The lesson also looks at government failure. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at: * Price ceilings * Secondary markets * Price floors * Minimum legal prices * Government failure * Subsidies Lesson Aim: Students will understand how the government can impose price floors, price ceilings and subsidies. I have included a student copy of the lesson to work alongside the main PPT. I have included exam style questions and key examples to help teach a tricky topic. A perfect lesson for A-Level Economics.
Government Intervention in the Economy - Ways to Correct Market Failure - A-Level Economics
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Government Intervention in the Economy - Ways to Correct Market Failure - A-Level Economics

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This detailed lesson looks at government intervention in the economy. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at: * Pro-Free Market Economists VS Interventionist Economists * The main reasons for government intervention * Ways to correct market failure * The forms of government intervention Lesson Aim: Students will understand what government intervention is and how it can help / hinder an economy. I have included a student copy of the lesson to work alongside the main PPT. I have included exam style questions and videos to help teach a tricky topic. A perfect lesson for A-Level Economics.
Positive & Negative Externalities - Market Failure - A-Level Economics - PPT & Tasks
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Positive & Negative Externalities - Market Failure - A-Level Economics - PPT & Tasks

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This detailed lesson looks at both positive and negative externalities and how they can lead to market failure. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. Lesson Aim: Students will understand what both positive and negative externalities are and how they can lead to market failure. I have included a student copy of the lesson to work alongside the main PPT. I have included exam style questions and videos to help teach a tricky topic. A perfect lesson for A-Level Economics.
Public & Private Goods - Market Failure - Exam Practice & Key Theory - A-Level Economics
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Public & Private Goods - Market Failure - Exam Practice & Key Theory - A-Level Economics

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This lesson looks at public and private goods and how they link to market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson covers the following key theory: * Public goods * Quasi public goods * Non-rivalry * Non-excludable Main lesson aim: Students will understand what public goods are and how they can lead to market failure if they are not properly provided. * All Students will understand what public goods are and know a number of relevant examples. * Most Students will understand the difference between pure public goods and quasi-public goods with relevant examples. * Some students will know how to answer 25 mark exam questions on public goods. The lesson starts with a fun quiz on the lesson topic. I have included a great 'Public & Private Goods in the Economy' task. The lesson then looks at a high mark exam question which includes a useful template. The lesson concludes with a nice 'You Say We Pay' game to help cover the key theory. I have also included a student copy of the PPT. This lesson is perfect for A-Level Economics. I have included 2 separate PPT's that could help stretch this topic over two full lessons.
Monopolies & Market Failure - Pros & Cons of Monopolistic Markets - A-Level Economics
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Monopolies & Market Failure - Pros & Cons of Monopolistic Markets - A-Level Economics

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This lesson looks at how monopolies can cause market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson covers the following key theory: * What monopolies are * Pure and natural monopolies * Barriers to entry * The role of the government to monopolies * Advantages of monopolies * Disadvantages of monopolies Main lesson aim: Students will understand what market failure is and the main causes of market failure. The lesson starts with a fun starter to help re-cap on the various market structures and get into the appropriate groups. I also have made a nice 'You Say We Pay' game to help cover the key theory. I have also included a tough quiz on the topics covered. I have also included a student copy of the PPT. This lesson is perfect for A-Level Economics.
Market Failure - Introduction & The Main Causes of Market Failure - A-Level Economics
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Market Failure - Introduction & The Main Causes of Market Failure - A-Level Economics

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This lesson is a perfect introduction to market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson starts with a look at productive and allocative efficiency. The lesson then explains what market failure is and why it is a big problem. The lesson then looks briefly a the following types of market failure: * Externalities * Merit and Demerit Goods * Public goods Main lesson aim: Students will understand what market failure is and the main causes of market failure. I have made a nice task where students need to tick whether a product is a public, merit or demerit good and explain their answer. I have also included a nice worksheet on the topics covered. I have also included a student copy of the PPT. This lesson is perfect to GCSE or A-Level Economics.
The Labour Market Lesson Bundle - A-Level Economics
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The Labour Market Lesson Bundle - A-Level Economics

6 Resources
The labour market lesson bundle includes all 6 lessons that cover this key topic in Economics. Each lesson includes all key theory, examples, diagrams and numerous tasks. Lessons: 1. The Labour Market - Introduction to the Labour Market 2. The Labour Market - Monopsony / Monopsonies Key Theory 3. The Labour Market - The Backward-Bending & Upward Sloping Curve of Labour 4. The Labour Market - The Marginal Revenue Product & Marginal Physical Product 5. The Labour Market - The National Minimum Wage & Wage Differentials 6. The Labour Market - Trade Unions
Market Research Lesson Bundle - GCSE Business Studies
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Market Research Lesson Bundle - GCSE Business Studies

3 Resources
This bundle includes three lessons that cover marketing research in a lot of detail. The lessons include key theory, tasks and examples. Lessons in bundle: 1. Market Research - Primary Marketing Research 2. Market Research - Secondary Marketing Research 3. Market Research - Quantitative & Qualitative Marketing Research
A-Level Economics: Poverty & Inequality of Income Bundle
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A-Level Economics: Poverty & Inequality of Income Bundle

4 Resources
This bundle includes all four lessons that cover the poverty and inequality of income topics in microeconomics. Each lesson includes all key theory and numerous tasks. Lessons included: 1. Absolute & Relative Poverty & The Main Causes of Poverty in the UK 2. How Poverty & Inequality is Measured - The Lorenz Curve & Gini Coefficient 3. Income & Wealth - Inequality, Distribution of Income & Poverty 4. Poverty & Distribution of Income - The Earnings & Poverty Trap - Equity & Equality
Positive & Normative Economic Statements - Economics - GCSE & A-Level Lesson
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Positive & Normative Economic Statements - Economics - GCSE & A-Level Lesson

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This lesson explains the clear difference between positive and normative economic statements. The lesson includes numerous examples, theory and tasks. The tasks include a positive and normative worksheet where students need to read statements and tick whether they are normative or positive (answer sheet also included). I have also included a case study on obesity where students need to highlight evidence of both positive and normative statements. The lesson concludes with a nice research task based on the topic. This lesson should be used at the start of the economic course to help explain how statements can be analysed properly. This lesson is perfect for either GCSE or A-Level Economics. Lesson Aim: Students will fully understand the key difference between positive and normative statements.
Production Possibility Curves / Frontiers / Diagrams (PPC) - Opportunity Cost - Economics
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Production Possibility Curves / Frontiers / Diagrams (PPC) - Opportunity Cost - Economics

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This lesson looks at production possibility curves (PPC) and how they show opportunity costs. The lesson includes lots of examples, diagrams and tasks to really help explain this topic. The lesson includes numerous video clips to help consolidate the learning. I have included a group task to make this lesson more engaging. This lesson is perfect for either GCSE or A-Level Economics. Lesson Aim: Students will fully understand how to analyse and draw production possibility curves.
The Economic Problem - Scarcity, Opportunity Cost & Choice - Capital & Consumer Goods - Economics
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The Economic Problem - Scarcity, Opportunity Cost & Choice - Capital & Consumer Goods - Economics

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A nice lesson that covers the economic problem. The lesson looks at scarcity and choice and how resources are allocated. The lesson looks at opportunity cost and includes a nice task on this topic. I have also included a Mars Bar utility task which will keep students engaged. I have also included a keyword scramble and a nice factors of production gap fill task. I have also included a nice worksheet based on topics around the economic problem - this worksheet includes matching tasks, gap fills and questions. I have also included a student version of the lesson. This lesson can be used for either GCSE or A-Level Economics. Lesson aim: Students will fully understand the economic problem and how resources are allocated.