Topic:Microeconomic Decision Makers - Households Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe the influences on spending, saving and borrowing Including income, the rate of interest and confidence – between different households and over time. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Topic: Micro and Macroeconomics The Role of Markets Resources Allocation Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe microeconomics and macroeconomics - The difference between microeconomics and macroeconomics and the decision makers involved in each. The market system - How a market system works; including buyers, sellers, allocation of scarce resources, market equilibrium, and market disequilibrium. Key resources allocation decisions - Establishing that the economic problem creates three key questions about determining resource allocation. – What to produce, how, and for whom. - Introduction to the price mechanism - How the price mechanism provides answers to these key allocation questions. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Topic: Market Economic Systems Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define market economic system - Including the roles of the private sector (firms and consumers) and the public sector (government) in a market economy. Advantages and disadvantages of the market economic system - Including examples of how it works in a variety of different countries. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: International specialisation Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Specialisation at a national level - The basis for Specialisation at national level in broad terms of: superior resource allocation and/or cheaper production methods. Advantages and disadvantages of specialization at a national level - For consumers, firms and the economy. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Factors of Production Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Identify and define the factors of production and their rewards - Give examples of land, labour, capital and enterprise and the nature of each factor of production. Mobility of the factors of production - The influences on the mobility of the various factors. Quantity and quality of the factors of production - The causes of changes in the quantity and quality of the various factors. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Demand Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define demand draw and interpret appropriate diagrams. Price and demand - A demand curve to be drawn and used to illustrate movements along a demand curve with appropriate terminology, for example extensions and contractions in demand. Individual and market demand - The link between individual and market demand in terms of aggregation. Conditions of demand - The causes of shifts in a demand curve with appropriate terminology, for example increase and decrease in demand. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Market Failure Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define market failure - The key terms associated with market failure: public good, merit good, demerit good, social benefits, external benefits, private benefits, social costs, external costs, private costs. Causes of market failure - With respect to public goods, merit and demerit goods, external costs and external benefits, abuse of monopoly power and factor immobility. Examples of market failure with respect to these areas only. Consequences of market failure - The implications of misallocation of resources in respect of the over consumption of demerit goods and goods with external costs, and the under consumption of merit goods and goods with external benefits. Note: demand and supply diagrams relating to market failure are not required. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Living standards Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; State and describe indicators of living standards; Real GDP per head and the Human Development Index (HDI). The components of real GDP and HDI. The advantages and disadvantages of real GDP and HDI. Comparing living standards and income Distribution; Reasons for differences in living standards and income distribution within and between countries. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic:Inflation and deflation Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define inflation and deflation. Measurement of inflation and deflation using the Consumer Prices Index (CPI). Causes of inflation and deflation - Causes of inflation: demand-pull and cost-push. Causes of deflation: demand-side and supply-side. Consequences of inflation and deflation - The consequences of inflation and deflation for consumers, workers, savers, lenders, firms and the economy as a whole. Policies to control inflation and deflation. The range of policies available to control inflation and deflation and how effective they might be. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Firms’ Costs, Revenue and Objectives Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; define costs of production - Total cost (TC), average total cost (ATC), fixed cost (FC), variable cost (VC), average fixed cost (AFC), average variable cost (AVC). Note: marginal cost not required. Calculation of costs of production - TC, ATC, FC, VC, AFC and AVC. Definition, drawing and interpretation of diagrams that show how changes in output affect costs of production. Definition of revenue - Total revenue (TR) and average revenue (AR). Note: marginal revenue is not required. Calculation of TR and AR. Objectives of firms - The influence of sales on revenue. Survival, social welfare, profit maximisation and growth. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Firms and Classification of Firms Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Classify firms - In terms of primary/secondary/tertiary sectors and private/public sector, and the relative size of firms. Note: detailed knowledge of different types of structure of a firm is not required. Small firms - The advantages and disadvantages of small firms, the challenges facing small firms and reasons for their existence. Causes and forms of the growth of firms - Internal growth, for example increased market share. External growth, for example mergers. Mergers - Examples, advantages and disadvantages of different types of mergers: horizontal, vertical, and conglomerate. Economies and diseconomies of scale - How internal and external economies and diseconomies of scale can affect a firm/industry as the scale of production changes. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic:Employment and unemployment rates Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define employment, unemployment and full employment. Describe the nature and causes of the of changing patterns and level of employment - for example increase in proportion of workers employed in the tertiary sector and formal economy as an economy develops; a greater proportion of women in the labour force due to changes in social attitudes; decline in the proportion employed in the public sector as a country moves towards a market economy. How unemployment is measured – claimant count and labour force survey – and the formula for the unemployment rate. Causes/types of unemployment - Frictional, structural and cyclical unemployment. Consequences of unemployment - The consequences of unemployment for the individual, firms and the economy as a whole. Identify and explain - the range of policies available to reduce unemployment and how effective they might be. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Economic Growth Lesson Plan. IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; define economic growth. Measurement of economic growth. Causes and consequences of recession. Causes of economic growth. Consequences of economic growth. Policies to promote economic growth NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Topic: Differences in economic development between countries Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; describe economic development, explain the differences in economic development between countries - Causes and impacts of differences in income; productivity; population growth; size of primary, secondary and tertiary sectors; saving and investment; education; and healthcare. NB: You can add your school’s name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic:Market Structure Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe competitive markets - describe the effect of having a high number of firms on price, quality, choice, profit. Note: the theory of perfect and imperfect competition and diagrams are not required. Describe monopoly markets – describe the characteristics, advantages and disadvantages of monopoly. Note: diagrams are not required. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Poverty Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define poverty, and absolute and relative poverty; Give the difference between the two terms. The causes of poverty; The causes of poverty including unemployment, low wages, illness and age. Policies to alleviate poverty and redistribute income; Policies including those promoting economic growth, improved education, more generous state benefits, progressive taxation, and national minimum wage. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic:Population Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe the factors that affect population growth. Reasons for different rates of population growth in different countries. The effects of changes in the size and structure of population on different countries. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Supply-side policy Supply-side policy Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define supply-side policy. describe supply-side policy measures and. effects of supply-side policy measures on government macroeconomic aims NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Role of government and the Macroeconomic aims Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Identify and explain the macroeconomic aims of government. Possible conflicts between macroeconomic aims. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.

Lesson Plan Topic:Current account of balance of payments Lesson Plan IGCSE Economics- ‘MS word doc.’ Lesson Objective: are shared with the students for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Describe the structure - The components of the current account of the balance of payments – trade in goods, trade in services, primary income and secondary income. Calculation of deficits and surpluses on the current account of the balance of payments and its component sections. Reasons for deficits and surpluses. Causes of current account deficit and surplus. Consequences of current account deficit and surplus - Impact on GDP, employment, inflation and foreign exchange rate. Policies to achieve balance of payments stability - The range of policies available to achieve balance of payments stability and how effective they might be. NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.