This double lesson introduces learners to the concept of costs in Economics. We start by recapping the factors of production to understand the difference between short-run and long-run. We then go on to look at the law of diminishing returns and how this affects productivity on diagrams - using this as a foundation to calculate and illustrate the various costs. Consolidation tasks included and a link to a kahoot quiz and a box plenary to finish with.
Colourful, concise and engaging slides!
Thank you
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