Opportunity Cost /Goods + Services /Specialisation + Division of Labour- GCSE Business - Full Lesson

This lesson / resource is for ** Opportunity Cost / Goods and Services / Specialisation and Division of Labour ** and has been designed GCSE and iGCSE Business Studies. This is a lesson that follows on from Customer Wants and Needs. I found that students did not understand opportunity cost very easily and it needed extra practice and so combined it with some simpler concepts from unit 1 for a complete lesson.

It has the following learning objectives shown below:

Learning objectives/Outcomes:

• Understand the Concepts of Scarcity and Opportunity Cost
• Know the difference between Products and Services
• Understand what Consumer and Capital Goods are
• Know what the Division of Labour and Specialisation are

This download includes:

• Full Lesson Powerpoint
• Extension Task

All necessary resources to run the lesson are included in this download and all my lessons are for a double lesson i.e. to take around 1 hour and fifty minutes so they can be separated into two single lessons if required.

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