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

Students are market doctors and must diagnose the market failure in question from the free market. They must then prescribe a solution. Market failures addressed include: - Externalities - Public Goods - Information Failure - Unequal Distribution of Income and Wealth Solutions may include: - Taxation - Government provision - Information provision - Regulation - Government Provision - Education and campaigns

Students must identify each market failure whose key term has been destroyed by an asteroid and removed all of the vowels. Follow up questions may include: - Giving an example of a type of good or situation that fits this market failure - Explaining why this is a market failure - Suggesting how the government could correct it

Following the Autumn Statement 2016 delivered by Philip Hammond we conducted a debate in class on whether or not the NLW should be increased. This resource includes a worksheet for students to construct their arguments, some answers that could have been raised including evaluation and a powerpoint presentation on national minimum wage that we had looked at the previous lesson.

A debate worksheet for students to analyse which policy would be best in correcting geographical immobility of labour. The policies include: - Help to Buy - HS2 - Relocation of the Civil Service - Job Centre Plus Also there are three additional evaluation points that could be considered.

A pdf worksheet that gets students to consider which of the trade unions demands the firm should agree to. Start off with £150m profits, if students choose to reject more than three demands they will only receive £75million because the workers will go on strike. Increasing training increases productivity and therefore increases the firms profits. Decide on figures for each of the options and combinations of agreements. Also included a powerpoint that explains the role of trade unions in a competitive and monopsony labour market.

A model answer for the question: With the help of an appropriate diagram, explain how the price elasticity of demand for road travel will affect the total revenue that the government receives if it increases the taxes on fuel (10 marks) Question taken from AQA Unit 1 Question Paper January 2013

A worksheet that gets students to apply their knowledge of MRP, elasticity, supply and demand for labour to the market for taxi drivers. Includes a PDF version, word version and my own handwritten answers to the questions

After the success of my first higher or lower game I thought I would make a second one for the labour market which often is a dull topic. Students must use their knowledge to decide whether the next occupation will have higher or lower wages than the previous job. They can then be asked to explain their reasoning by drawing on concepts such as MRP, wage elasticity and non-pecuniary benefits. There are two sets of 10 occupations so the students can be divided into two groups and compete against one another.

A group activity for AS Economics that gets students to work together to decide whether each of the goods is excludable, rival, non-excludable and non rival. You can then get the students to discuss how we define each of the categories, private good, public good, quasi public good etc. Can also lead to a discussion on how these categorisations may have changed over time. The resource includes the teacher answers and a paper copy that students can cut and stick with. My students all have laptops so I just gave them the powerpoint without the answers and got them to drag and drop the answers.

A fun worksheet that can either be used on laptops with editable PDF's or printed and given as a worksheet in class. There are 10 theory of the firm diagrams that students have to give a title to. Will encourage students to label their diagrams fully! It could be used as an extension task, lesson starter, lesson activity or homework. Diagrams include: - Natural monopoly - Oligopoly kinked demand curve - Diminishing marginal returns - Monopoly - Monopoly and DWL - Marginal Cost - Economies of Scale/Envelope Curve - Shut down point - Allocative efficiency - Break even/ contestable monopoly/ normal profits

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.

Editable pdf worksheet that ensures students can distinguish between the different definitions for the production, cost and revenue topic. It is a useful resource for students to have completed when it comes to revision and develops A01 skills of knowledge by defining key terms with examples. An editable PDF means that text boxes are able to be written in, but you will not be able to change the design of the sheet. This resource should only be used for students with access to computers as printing it will not work.

A review on trip advisor which demonstrates the breakdown of a cafe business into fixed and overhead costs.

A review worksheet - gets students to compare features of different market structures (monopoly, oligopoly, monopolistic competition and perfect competition).

Perfect competition worksheet, suitable for AS students.

Economies of Scale Worksheet - A worksheet for AS economics asking students to identify types of internal and external economies of scale. There is an extension task built in where students can apply their knowledge to Lego.

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 fun lesson starter that gets students thinking about key terms. One by one a word will appear for a key term definition and students have to guess what the word is. The sooner they can guess the word the more points they get! Click the answer speech bubble to show the answer. The key words I have chosen are: - Division of Labour - Ceteris Paribus - Excess Supply - Productive Efficiency - Joint Supply - Necessity Good - Average Cost - Specific Unit Tax - Short Run - Normative Statement However, the powerpoint is editable so you can include any key words you want.

A one page worksheet that examines the recent dispute between Tescos and Unilever. It asks questions on oligopoly, monopsony, monopoly and concentration ratios and is a good way to increase students knowledge of current affairs. I have included the PDF version and the word document version so that questions can be edited.