Types of Costs, Revenue and Profit - Economics GCSE (AQA) - Production Costs, Revenue and Profit

This a complete 60-minute lesson for the AQA Economics GCSE covering lesson 1 in the 4th topic: Production, Costs, Revenue and Profit.

Lesson 1 covers: The different definitions for Costs, both variable and fixed, Revenue, average revenue and profits. With exemplified formulas to calculate each. It contains a full worksheet with questions for pupils to practice their newly gained knowledge and plenty of discussion / review questions too.

This lesson is designed in detail to be clearly interactive and engaging. Using a research-based approach to teaching and learning strategies, such as Retrieval Practice and Dual Coding. This lesson is specifically designed for the requirements of the AQA specification, allowing you to cover the content efficiently. Though it could be edited to suit other exam board specifications. Particularly in Business studies.

Please take time to review this lesson and leave feedback.
Thanks !
Mr. J. McCarthy