This is a 25 minute test which focuses just on topic 2.3 content. The extract and questions are completely new and original. Also included are grade 9 exemplar answers. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) focuses upon the application of the price mechanism theory, as required by the specification section below: 1.2.7 Price mechanism b) The price mechanism in the context of different types of markets, including local, national and global markets. The resources include questions and contexts for the students to practise. These include house prices and negative oil prices (which occured during the 2020 lockdown). Clear, colourful and engaging PowerPoint which links to the worksheets. Edexcel-specific set of notes for the student (and teacher!). Worksheets that match-up with the slides and clearly link to the specification. All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used. The negative oil prices exam-style question is an original creation © Michael Wilson (Teachonomics Ltd.)

Use this FREE revision checklist to see how the Edexcel specification links up to the resources available in the Magichael Economics Shop. Clearly and easily link each specification topic to the resources available online. The check list contains tips and extra details as to what students need to learn.

Notes, slides and activities. This lesson (approx. two lessons) focuses upon the limitations of GDP when comparing two different economies, which brings about a need for PPP (purchasing power parity). Students are taught to calculate PPP and PPP per capita. Also included is an excellent article regarding the future of economic growth and global superpowers in 2050. In addition, this set of lessons covers the small topic ‘trade (business) cycle’. Slides are engaging, colourful and construct diagrams using a step-by-step method, so that concepts are more accessible for students. Teacher written notes are specific to Edexcel and expand upon the content in the slides. Resources use contemporary, real-life examples to bring the theory to life. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly one) focuses upon introducing the overall concept of aggregate demand, outlining the components and relative importance of each. Each component is explored separately during the next set of resources. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Teachonomics Ltd.) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.