A fun starter activity, digging deeper or extension task. The answers are: - Imposing a tax on a negative externality in production - Excess supply resulting from a minimum price above the market equilibrium - External economies of scale - Imposing a tax on a negative externality in consumption (demerit good) - An increase in the productive potential of the economy shown on the PPF curve from either an increase in the quantity or quality of the factors of production - Deriving average total cost from average fixed cost and average variable cost

Case studies for OCR Economics of Work and Leisure F583 Compares the different characteristics of markets with evidence from the cinema and broadcasting industries

A macroeconomic logic puzzle that would be good for an end of term revision lesson. In this quiz each word should be cut out and placed in an envelope labelled with the grid square e.g. A1, D5 etc. Start with giving them A1, they should be able to deduce the other squares from there using the clues they receive every time they find a word. There is not a specific order that this game has to be solved in either so any approach is fine. This is quite a difficult quiz and should last them almost a whole hour. They may also need some hints. The fastest a group has managed to solve it in is 40 minutes.

A two page applied economics worksheet that looks at whether or not the UK should remove 1p coins from circulation and includes suggested answers. It is a useful worksheet in testing students understanding and looks at both macroeconomic and microeconomic arguments for removing them.

A five page worksheet that uses a London Underground as a case study to apply behavioural economics and nudge principles to. The topics covered on the sheet are: An illustration of how decision making can be impaired when using the London Underground tube map Defining key behavioural economics terms Whether or not behavioural economics should be used by London Underground How behavioural economics can be used to change passenger behaviour A seperate document contains suggested teacher answers. IMPORTANT: There are two versions of each document, one is a PDF and one is a word document so it can be edited. The content of the documents is the same.

A 21 slide powerpoint presentation on financial markets new to the AQA Economics specification (but may be suitable to other exam boards) Topics covered include: - Functions and characteristics of money - Money Supply - Quantity Theory of Money - Fishers Equation - Structure of Financial Markets - Government Bonds and Calculating Yields - Why the Bonds Yield and Price are Inverse to One Another - Commercial and Investment Banks Roles, Objectives and Balance Sheets - Trade off Between Liquidity, Profitability and Security - Regulation of the Financial System - Causes of Bank Failures For lesson activities and worksheets on Financial Markets check out my Break the Safe! Challenge here https://www.tes.com/teaching-resource/break-the-safe-financial-markets-and-monetary-policy-challenge-with-answers-11494888

A fun worksheet asking students to find the stations on the HS2 route by answering true or false questions, estimate future demand for rail travel and consider the advantages and disadvantages of HS2. Can be used for many topics or revision. Topics include: - Supply side policies - Externalities - Inequality - Economic growth - Unemployment & more! This resource also includes suggested teacher answers.

I use these worksheets at the start of teaching Behavioural Economics, before students have learnt anything about it. They complete the 'How rational are you?' worksheet and later in the course once they have learnt about the topic they will review their answers and see where they were affected by cognitive biases. This session opens up much discussion and includes teacher answers and a quantitative skills extension task using data from the class.

A worksheet thats gets students to find the equilibrium price in the coffee market before and after shifts. Involves plotting points on a diagram to calculate the exact values of excess demand and supply

An editable PDF worksheet (that can be printed if students dont use laptops in class) that gets students to make tax and subsidy calculations. There are accompanying answers and an extension task for more able students.

A two page monetary policy worksheet, specifically focusing on expansionary monetary policy with teacher answers.

A classroom game that demonstrates the circular flow of income. Split your class into households and firms and give them the corresponding worksheet. You need to cut out the slips at the end of the document. There are two rounds to this game. At the start of the first game allocate households factors of production and allocate firms money. The initial allocation of factors of production represents wealth and I divided these unequally between the households but distributed money certificates equally between firms to see who is a better businessman. I did a ratio of two money certificates for every one factor of production so the equilibrium wage should be two (don't let the students know this though). Any unused factors of production represent unemployment and should be taken off households at the end of the game. In the second round change the firms factors of production into goods and services. I did one factor of production equals one goods and services. Ask firms to calculate there profits at the end of the game and find out who were the best business people. Ask the students to draw what they saw in the game. Then ask the students what is missing from the closed economy model.

A worksheet challenging students to answer questions on costs of production including marginal, average and total cost as well as economies of scale, returns to scale and fixed and variable costs.

A really good activity for the end of the Macroeconomics course to get students to link together the concepts that they have seen. I usually print the first slide off in A3 for them to work on and then we discuss the answers as a class. Students must come up with analysis and evaluation for six macroeconomic objectives and are encouraged to think outside of the box. On the next two slides there is teacher copies with answers for evaluation and analysis. The last slide contains some general evaluative points that students could bring up.

A fun game or starter that gets students to apply their knowledge of price elasticity of demand. Students are shown a good and given its elasticity. They are next shown another good and have to guess whether the next goods elasticity will be higher or lower. This sparks a discussion of whether a good is likely to be price elastic or inelastic and how elastic or inelastic it will be. This can be done either as a whole class activity or in two smaller groups as there are two sets of questions. For each set there are 10 goods which range in difficulty.

A class game and worksheet to demonstrate the multiplier effect with activity questions. Allow each student to choose what goods and services they produce before starting the game and then follow the instructions on the sheet. The answers to the questions are as follows: (1) 2.5 (2) £1500m (3) 4 (4) - £1440m (5) False (6) £1.7bn.

A worksheet that challenges students to apply their knowledge of PED, PES, YED and XED. Uses written, calculation and graphical explanation

A one page monopolistic competition worksheet getting students to apply their knowledge and assess advantages and disadvantages of a monopolistically competitive firm. There is also an accompanying powerpoint presentation and my answers which I have handwritten and scanned in.

A differentiated oligopoly worksheet applied to the chocolate bar market. Get students to research the chocolate bar market before answering questions. Could be used as an in class worksheet or activity or as a homework project.

Perfect competition worksheet, suitable for AS students.