Dania Ewodage is my name. I am a Nigerian, married with children. A profession teacher with years of experience and certified by the C.I.E, I hold a BSc. and Masters degrees both in economics, and the U.K. Inst. of Marketing diploma. I am also a Consultant and Pastor.
Dania Ewodage is my name. I am a Nigerian, married with children. A profession teacher with years of experience and certified by the C.I.E, I hold a BSc. and Masters degrees both in economics, and the U.K. Inst. of Marketing diploma. I am also a Consultant and Pastor.
Complete Lesson.
Market Failure. Private & Social Costs & Benefits Public and Private Spending * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’
Lesson Objectives;
At the completion of the lesson, the students should be able to;
Define market failure and 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: diagrams of demand and supply relating to market failure are not required.
Complete Lesson.
Topic: * The Mixed Economic System * ’ppt’ IGCSE Economics… 'Use these materials to engage your students, and relax. You can consistently produce A*s, As, and Bs.
**User guidelines: **
Duplicate the file. Delete the answers to the activities in one file and share to students before or during the class.
Project the file. Teach and / or discuss the content within 5 to 15 minutes of lesson time.
Let students work on the activities provided.
Watch and guide them individually or collectively as the needs arise, such that they understand and do the needful.
Use the activities as you find fit. Project the answers. Let students exchange and mark their own scripts for short and direct responses questions. Mark the detailed responses yourself. Best regards.
Lesson Objectives
At the completion of the lesson, all students should be able to;
Define the mixed economic system. Describe government intervention to address market failure - Definitions, drawing and interpretation of appropriate diagrams showing the effects of three government microeconomic policy measures: maximum and minimum prices in product, labour and foreign exchange markets; indirect taxation; and subsidies. Definitions only of; government microeconomic policy measures: regulation; privatisation and nationalisation; and direct provision of goods.The effectiveness of government intervention in overcoming the drawbacks of a market economic system.‘Class Activities - Key word(s) search’ ‘Multiple Choice Tests’ ‘Answers.’
Complete Lesson.
The Market Economic System.* ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’
Lesson Objectives;
At the completion of the lesson, the students should be able to;
At the completion of the lesson, the students should 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.• ‘Class Activities’ ‘Multiple Choice Questions and Answer
Complete Lesson.
**Topic: ** Economic issues; Business cycle, Government control, Effects and Business response. ‘ppt’, ** IGCSE Bus Studies & Economics syllabus. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *
Lesson Objectives
At the end of the lesson, students should be;
Identify and explain the Business cycle: • Main stages of the business cycle, e.g. growth, boom, recession, slump.• Impact on businesses of changes in employment levels, inflation and Gross Domestic Product (GDP)How government control over the economy affects business activity and how businesses may respond. • Identify government economic objectives, e.g. increasing Gross Domestic Product (GDP) • Impact of changes in taxes and government spending. • Impact of changes in interest rates • How businesses might respond to these changes‘Class Activtiy with Answers’
Lesson Plan
Topic: Cash-flow forecasting and working capital - ‘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 importance of cash and of cash-flow forecasting: •• Why cash is important to a business. •• What a cash-flow forecast is, how a simple one is constructed and the importance of it. •• Amend or complete a simple cash-flow forecast •• How to interpret a simple cash-flow forecast. •• How a short-term cash-flow problem might be overcome, e.g. increasing loans, delaying payments, asking debtors to pay more quickly.
Working capital: •• The concept and importance of working capital.
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 by adjusting up the objectives, Plenary and lesson starter etc.
Price Changes * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’
Lesson Objectives;
At the end of the lesson, the students should be able to;
Identify and explain causes of price changes - Changing market conditions as causes of price changes. Identify and explain consequences of price changes - Demand and supply diagrams to be used to illustrate these changes in market conditions and their consequences for equilibrium price and sales. • ‘Class Activities’ Solutions at the end of the presentation.
Bundle: description & Content:
Measurement of inflation and deflation using the Consumer Prices Index (CPI).
4.8.3 causes of inflation and deflation - Causes of inflation: demand-pull and cost-push. Causes of deflation: demand-side and supply-side.
4.8.4 Consequences of inflation and deflation - The consequences of inflation and deflation for consumers, workers, savers, lenders, firms and the economy as a whole. 4.8.5 Policies to control inflation and deflation. The range of policies available to control inflation and deflation and how effective they might be.
Cash -flow forecasting …Ppt + Lesson Plan Bundle
Explain Cash-flow forecasting and working capital. Identify and explain the importance of cash and of cash-flow forecasting: • Why cash is important to a business. • What a cash-flow forecast is, how a simple one is constructed and the importance of it. • Amend or complete a simple cash-flow forecast. • How to interpret a simple cash-flow forecast. • How a short-term cash-flow problem might be overcome, e.g. increasing loans, delaying payments, asking debtors to pay more quickly. Working capital: • The concept and importance of working capital.
Class Activity with Solutions.
Get rid of teaching stress! Aim for the A* stars!!
Money supply and monetary policy measures. Changes in interest rates, money supply and foreign exchange rates. Effects of monetary policy - How monetary policy measures may enable the government to achieve its macroeconomic aims. Supply -side policy measures - Examples include education and training, labour market reforms, lower direct taxes, deregulation, improving incentives to work and invest, and privatisation.
Effects of supply-side policy measures - How supply-side policy measures may enable the government to achieve its macroeconomic aims. ‘Class Activity’ and Multiple Choice Questions with ‘Answers.’ + Lesson plan on monetary policy
Internal and External Communication * ’ppt’ IGCSE Business Studies . I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’
Lesson Objectives;
At the completion of the lesson, the students should be able to;
Describe why effective communication is important and the methods used to achieve it:
Effective communication and its importance to business
Benefits and limitations of different communication methods including those based Recommend and justify which communication method to use in given circumstances
Demonstrate an awareness of communication barriers:
How communication barriers arise and problems of ineffective communication; how communication barriers can be reduced or remove ‘Class Activities’ with ‘Answers.’
Lesson Plan.
This lesson plan that can be used directly or adapted by any teacher to suite his or her school’s need. It can be used together with the Topics to be covered and the work scheme.
LESSON OBJECTIVE: At the end of the lesson the students should be able to:
1.3.3 Why some businesses grow and others remain small:
• Why the owners of a business may want to expand the business
• Different ways in which businesses can grow
• Problems linked to business growth and how these might be overcome
• Why some businesses remain small
Work Sheet on IGCSE Economics - 6.2 **The allocation of resources: **
This Work Sheet will help your student in discovery learning and confidence building as they prepare for the school and for the IGCSE Economic examinations on syllabus 2017 - 2019. It is good for Teachers and Students’ alike. Briefly teach the topic and then engage students with this worksheet. They can work alone or in pairs, as you consider best. Students can work with their text books and enjoy a relatively free and easy learning environment in your class room.
Complete Lesson.
Opportunity Cost and the Production Possibility Curve PPC * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’
Lesson Objectives;
At the completion of the lesson, the students should be able to;
Define opportunity cost and give examples of opportunity cost in different contexts. explain the influence of opportunity cost on decision making by consumers, workers, producers and governments when allocating their resources.Define the Production possibility curve diagrams (PPC), draw and interpret appropriate diagrams. Points under, on and beyond a PPC describe the significance of the location of production points. Describe movements along a PPC and opportunity cost. Shifts in a PPC - The causes and consequences of shifts in a PPC in terms of an economy’s growth.
Complete Lesson.
Topic: Government Budget, Taxation and Fiscal policy ‘ppt’, ** IGCSE Economics and Bus Studies syllabus. With these resources, I have consistently produced As, As, and Bs. You can replicate my results with my up-to-date notes. Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Questions with Answers.’
Lesson Objectives;
Objectives;
Definition of the government budget. Reasons for government spending: The main areas of government spending. Reasons for taxation: reasons for and effects of spending in these areas. Taxation as the main source of government revenue and the reasons for levying taxation. Classification of taxes: progressive, regressive, proportional; and direct, indirect.
Principles of taxation: The qualities of a good tax. Impact of taxation: on consumers, producers, government and economy as a whole.
Definition of fiscal policy. Fiscal policy measures: The tax and spending changes, in the form of fiscal policy, that cause budget balance or imbalance. Including calculations of the size of a budget deficit or surplus.
Effects of fiscal policy on government on macroeconomic aims. How fiscal policy measures may enable the government to achieve its macroeconomic aims. Note: aggregate demand and aggregate supply are not required.
‘Class Activities’ and ‘Multiple Choice Questions with Answers.’
The Role of Governments - Macroeconomic Aims, Policies & the Conflicts* ’ppt’ IGCSE Business Studies. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel.
Lesson Objectives;
At the completion of the lesson, the students should be able to;
Describe the role of government - Locally, nationally and internationally. The macroeconomic aims of government - Economic growth, full employment/low unemployment, stable prices/low inflation, balance of payments stability, redistribution of income.Reasons behind the choice of aims and the criteria that governments set for each aim. Possible conflicts between macroeconomic aims - Possible conflicts between aims: full employment versus stable prices; economic growth versus balance of payments stability; and full employment versus balance of payments stability.‘Class Activity - Key word(s) Search. Multiple Choice Questions, Answers.’
Work Sheet:
Topic: The purpose and nature of business activity, Importance of specialization, and Added Value. ‘MS Word.’ IGCSE Business Studies. Syudies syllabus. Engage your pupils, relax, and simply guide them. All you need to do is print out the part you want to use, Explain and/or discuss the sub topic for 5 - 10 minutes and watch them learn by themselves, as they work on the tasks. Answers provided.
Content
•• Concepts of needs, wants, scarcity and opportunity cost
•• Importance of specialization •• Purpose of business activity
•• The concept of adding value and how added value can be increased.
A Bundle Work Sheet tailored to meet the IGCSE Business Studies 0450 syllabus for 2020, 2021 and 2022 exam requirements. The activities in it should cover more than one or two lessons. Assuredly, it will help you to fully engage your key stage 4 students during lessons as well prepare them for the ‘A grades’ in the final examinations. All you need to do is print out the part of the work sheet you want to use, explain and/or discuss the sub topic for no more than 5 - 10 minutes and guide the students as they work on the tasks. They would scarcely need to consult with their text books and they will learn by themselves.
ontents:
1.1.1 The purpose and nature of business activity and Added Value.
1.2.1 Classification of businesses in ters of sectore and Reasons for the Changing Importance of Business Classification.
: 1.2.2. Classify business enterprises between private sector and public sector in a mixed economy
Complete Lesson.
Househlds - Spending Saving Borrowing * ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes, *Engage your students, relax, and simply guide them as they work and learn. Questions at the end. Answers provided. *Engage your students, relax, and simply guide them as they work and learn to excel. 'Class Activities.‘Keyword(s) search. Answers.’
Lesson Objectives;
At the completion of the lesson, the students should be able to;
Identify and explain the influences on spending, saving and borrowing including income, the rate of interest and confidence - between different households and over time. ‘Class Activities. Keyword(s) search. Multiple Choice Questions. Answers.’
Complete Lesson.
**Topic: ** Living standards and Development ‘ppt’, ** IGCSE Economics syllabus. *.Engage your students, relax, and simply guide them as they work and learn. ‘Class Activities.’ ‘Multiple Choice Questions with Answers.'
Lesson Objectives;
At the completion of the lesson, the students should be able to;
Identify and describe the 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.‘Class Activity and MultipIe Choice Questions’ with Answers.
Lesson Plan
Topic: Recruitment, selection and training of employees - ‘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;
Explain the Recruitment and selecting employees: •• Recruitment and selection methods. •• Difference between internal recruitment and external recruitment
•• Main stages in recruitment and selection of employees •• Recommend and justify who to employ in given circumstances •• Benefits and limitations of part-time employees and full-time employees.
The importance of training and the methods of training: •• Importance of training to a business and to employees •• Benefits and limitations of induction training, on-the-job training and off-the-job training
Why reducing the size of the workforce might be necessary: •• Difference between dismissal and redundancy with examples •• Understand situations in which downsizing the workforce might be necessary, e.g. automation or reduced demand for products •• Recommend and justify which employees to make redundant in given circumstances. Legal controls over employment issues and their impact on employers and employees.
•• Legal controls over employment contracts, unfair dismissal, discrimination, health and safety, legal 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 by adjusting the topics and objectives, Plenary and lesson starter etc.