1) What is a monopoly and what are the assumptions? 2) What are the sources of monopoly power? 3) The case for intervention Whole lesson: Theory and activities.

Lesson 1/1 Reviewing the performance of perfect markets Understanding the outcome and consequences of economic efficiency for Economic welfare (short and long run) Understanding the reaction of a firm to a loss making scenario (exit strategy) Whole lesson: Theory and activities.

To understand and apply how and why firms grow To identify the reasons for and against growth To assess the impact of technology Whole lesson: Mostly theory and some activities. Notes for last slide provided under the slide.

The nature of revenue in different markets structures Combining revenue and costs to show how profits differs in different market structures Whole lesson: Theory and activities

What are a firm’s Objectives? What is the divorce of ownership and control? What are the alternative objectives? Whole lesson: Theory, video link and activities.

The nature of output in the short run How do costs behave in the short run? How do costs behave in the long run? Nature of the Market/industry Whole lesson: Theory, activities and assessment.

Develop an understanding of the first topic The theory of production Whole lesson: Theory and activities.

Calculate, Reverse Calculate and Interpret. With additional activities Weighting and Inflation. Includes: Theory and many differentiated activities (individual, paired and group)

To assess trade offs and prioritise objectives To understand differing economic view points How have UK economic priorities changed Whole lesson: Theory, activities and assessment.

To define and apply economic objectives To assess trade offs and prioritise objectives Whole lesson: Theory, activities, video link and assessment.

Define the four main economic objectives link these to Indicators and UK economic performance Summarise the main objectives/ measurements and associated terms and vocabulary Whole lesson: Theory, video links, activities and assessment.

Elasticity puzzle and answers accompanies 2.6 Price Elasticity of Supply - lesson 6 revision of all types of elasticity.

To calculate and interpret PeS To understand and apply what determines PeS To revise Elasticity Whole lesson: Theory, activities and assessment.

Review types of goods and demand What is Supply? What’s the relationship between supply and price? What is the relationship between supply and other variables Whole lesson: Theory, activities, MCQ questions, assessment and exam technique.

1) Review your understanding of the nature Ped 2) Understand and apply the determinants of Ped 3) Investigate Xped and Yed 4) Calculating Yed and Xped 5) Interpreting the calculations 6) Explaining how/why Demand has reacted and more challenge questions and diagrams Whole lesson: Theory, activities and assessment.

Activity for 2.2 Price Elasticity of Demand - lesson 2

1) Review your understanding of the nature of demand 2) To be able to draw and calculate the Ped 3) What is the impact of the Ped on revenue? 4) Discuss the consequences of inelasticity Whole lesson: Starter test, theory, activities, video link and assessment.

What is the nature of demand/the demand curve? What variables impact demand? How does the reaction of demand differ depending on the variables? Types of Goods and Demand Whole lesson: Theory, activities and assessment.

Methodology and Decision making activity.

Resource to accompany 1.4 Review of the PPF Curve and The Market Mechanism - lesson 4. Review of chapter 1 key terms, answers in the ppt lesson.