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Price Elasticity of Demand WORKSHEET
A detailed and colourful worksheet designed to test a range of skills covered in this topic. The worksheet contains 6 activities, each taking between 5 and 15 minutes to complete. It took most of my students between 45 minutes and an hour to finish this worksheet. The activities are as follows:
Activity 1 - A fill the blanks activity that test students’ knowledge of the vocal and terminology used
Activity 2 - Calculating PED, percentage changes and recognising the different types of PED
Activity 3 - ‘Developing your answers’ - students need to recognise and explain factors that influence PED
Activity 4 - Revenue boxes
Activity 5 - Diagrams
Activity 6 - More complex calculations / application
ALL ANSWERS ARE PROVIDED IN DETAIL and have been written in a way that is broken down for students to easily understand. I ran this activity as a peer marking exercise and collected everyone’s work at the end of the lesson to check if there were any gaps in understand to review the following lesson. This saved a lot of time!
Depreciation (Business / Business Studies)
Description
A COLOURFUL, INFORMATIVE and ENGAGING presentation that on depreciation.
Included in this lesson:
A colourful and informative title slide that outlines the key skills covered in this topic, a list of equipment required, animated gif to grab the attention of students, and timing ‘prompt’ to get students to get the title down and equipment out as quickly as possible
A ‘guess the question’ starter activity where students are given the answers to ten questions relating to other Accounts / Finance related topics. Students need to work out what the ten questions were to get those answers. Answers are included in the presentation
An explanation of what the lesson aims are
An explanation of what assets are, contextualised to students
Informative, colourful and contextualised slides explaining what current and non-current assets, and depreciation are
A step by step guide to show how depreciation is calculated using the straight-line method, followed by an example for students to calculate (answers provided)
An explanation of the advantages and disadvantages of using the straight-line method to calculate depreciation
The same step by step guide, advantages and disadvantages for the reducing balance method
An exam style question where students need to calculate the value of depreciation, calculate how this affects the estimated value of an asset and when the right time to sell an asset it. Answers provided in the presentation with explanations
I’ve designed this lesson so that it can simply be opened and taught immediately. Each slide is self explanatory and easy to follow. There are 38 slides included in this lesson and it took me just under 2 hours to go through.
Price Elasticity of Demand
Colourful. Engaging. Informative. This PowerPoint has been creating to introduce students to the concept of price elasticity of demand.
Included in this PowerPoint:
A detailed and colourful title page, highlighting the skills that will be covered over the duration of this topic
A starter activity where students need to rank in order which goods / services would be most to least affected by a change in price
Discussion points
Slides detailing how price elasticity of demand is calculated, with an example
Slides explaining what the numerical values mean (how to interpret them)
Calculation questions with answers
Explanation of the factors affecting price elasticity of demand
This resource took me one hour to go through as a class