Economics 0455/2, Paper 2 Mock Examination Questions and answers series also double as a revision Work sheet of IGCSE questions covering the most recent years running. It is a must have paper to assure you peace of mind that you have indeed prepared your students for the coming examination. For use as a preset exam question for your school, all you have to do is copy the file, replace the cover page, delete the marks and you have a ready to use question paper. The original file will serve as question paper and mark scheme. For use as an Interactive Work sheet for your students, simply separate the questions and answers that you need to another page(s), print them out and give to student to with. Alternatively, project the required questions for student to work on and when they are done expose the mark scheme.

LESSON PLAN; SUBJECT: Economics. TOPIC: 6.1 International specialisation IGCSE Economics. LESSON OBJECTIVE: are shared with the student for awareness and expectation of lesson outcome. NB: You may need to rejig it for more than a lesson period. At the end of the lesson, the students will be able to; describe 6.1.1 Specialisation at a national level - The basis for Specialisation at national level in broad terms of: superior resource allocation and/or cheaper production methods. 6.1.2 Advantages and disadvantages of specialization at a national level - For consumers, firms and the economy.

**A complete lesson. ** Legal controls over employment issues and their impact on employers and employees, ‘ppt’ ** IGCSE Business Studies syllabus. *.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, the students should be able to; • Demonstrate awareness of the Legal controls over employment issues and their impact on employers and employees:• Identify legal controls over employment contracts, unfair dismissal, discrimination, health and safety, legal minimum wage.

A power point presentation on all you need to teach on ‘3.4.3 Opportunities and Problems of Entering New Markets abroad.’ IGCSE Business Studies syllabus 2017 - 2019. Lesson Objectives At the end of the lesson students should be able to: 3.4.3 The opportunities and problems of entering new markets abroad: • Growth potential of new markets in other countries • Problems of entering foreign markets, e.g. cultural differences and lack of knowledge • Benefits and limitations of methods to overcome such problems, e.g. joint ventures • Do the Short Responses Questions with Answers provided at the end of the presentation.

Lesson Plan Topic: Achieving quality production - ‘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 role of marketing. •• Identifying customer needs •• Satisfying customer needs. •• Maintaining customer loyalty •• Building customer relationships. Market changes. •• Why customer/consumer spending patterns may change. •• The importance of changing customer needs •• Why some markets have become more competitive •• How businesses can respond to changing spending patterns and increased competition. Concepts of niche marketing and mass marketing. •• Benefits and limitations of both approaches to marketing. How and why market segmentation is undertaken. •• What are the, e.g. according to age, socio-economic grouping, location, Gender •• Potential benefits of segmentation to business. •• Recommend and justify an appropriate method of segmentation in given circumstances 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.

Whole Lesson: A whole lesson and this is all you need to teach on this topic for IGCSE Economic syllabus 2017 - 2019. It is good for Teachers and Students and adequate as a note for student to copy in the class or at home. Parents can also use to help their children to improve on their performance. Lesson Objectives :At the end of the lesson, students should be able to: • Unit 6.2 a. describe the allocation of resources in market and mixed economic systems; describe the terms primary, secondary and service (tertiary) sector in an economy • Answer the ‘Interactive Questions’ and do the ‘Class Activities 1, 2, & 3.’ provided at the end of the presentation.

Business Studies Work Sheet on Needs and sources of finance, Cambridge IGCSE: This Work Sheet will help your students to practice, study and revise as they work towards getting ready for the school and for the IGCSE Business Studies examinations on syllabus 2017 - 2019. It is good to help Teachers engage Students’ for meaning learning. Teachers can guide students in the use of this worksheet alone or in pairs. They can also consult their text books while you enjoy a relatively free and easy learning environment in your class room.

Whole Lesson: A whole lesson and this is all you need to teach on this topic for IGCSE Economic syllabus 2017 - 2019. It is good for Teachers and Students and adequate as a note for student to copy in the class or at home. Parents can also use to help their children to improve on their performance. Lesson Objectives :At the end of the lesson, students should be able to: • Unit 6.1b.1 define opportunity cost and analyse particular circumstances to illustrate the concept • demonstrate how production possibility curves can be used to illustrate choice and resource allocation. • do the ‘Class Activities’ Provided at the end of the presentation,

LESSON PLAN Topic: Fiscal - policyTaxes & Government Spending IGCSE - Economics & Business Studies - ‘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 the budget. Identify and explain reasons for government spending. reasons for taxation. Classification of taxes. Principles of taxation. Impact of taxation- definition of fiscal policy. Fiscal policy measures and the effects of fiscal policy 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: Franchises and Joint ventures Lesson Plan ‘MS word doc.’ IGCSE Business Studies. 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 a Franchises and Joint ventures business organization, and their main features of a Franchises and Joint ventures businesses •• their advantages and disadvantages. Concepts of risk, ownership and limited liability •• Recommend and justify Franchises and Joint ventures business organisation to owners/management in a given situation. NB: Add your school’s name, and logo on top, your name, date, and class year, term and week, etc. You can also separate it into two Lesson Plans - Franchises and Joint ventures!

Lesson Plan Topic: Business objectives and stakeholder objectives - ‘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; Understand that Businesses can have several objectives and the importance of them can change. •• Need for business objectives and the importance of them. •• Different business objectives, e.g. survival, growth, profit and market share •• Objectives of social enterprises. The role of stakeholder groups involved in business activity. •• Main internal and external stakeholder groups •• Objectives of different stakeholder groups. •• How these objectives might conflict with each other, use examples. Differences in the objectives of private sector and public sector enterprises. 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 adjusting up the objectives, Plenary and lesson starter etc.

Lesson Plan Topic: Opportunity Cost and Production Possibility Curve (PPC) 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 opportunity cost - Definition and examples of opportunity cost in different contexts. The influence of opportunity cost on decision making - Decisions made by consumers, workers, producers and governments when allocating their resources. Define Production Possibility Curve (PPC) - drawing and interpretation of appropriate diagrams. Points under, on and beyond a Production Possibility Curve (PPC) - The significance of the location of production points. Movements along a PPC - 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. 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.

A whole lesson on this topic as stated. It is all you need to teach on this topic for IGCSE Business Studies syllabus 2017 - 2019. It is good for Teaching and Students’ note taking and class works. Lesson Objectives: At the end of the lesson, students should be able to: 4.1.3 describe how technology has changed production methods, e.g. using computers in manufacturing and design • Benefits of increasing efficiency and how to increase it, e.g. increasing productivity by automation and technology, improved labour skills. • Do the ‘Test Yourself Questions and Exam Practice Questions’.

A Work Sheet for the IGCSE Economics 0455 syllabus for 2020, 2021 and 2022 exam requirements. The tasks in it 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 and 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. If the need arises, let them consult their text books and discover things by themselves. You can record any part of it as assessment tests towards their examination. Objectives: The factors of production Topic 1.2.1 definitions of the factors of production and their rewards. Guidance Definitions and examples of land, labour, capital and enterprise. Examples of the nature of each factor of production. 1.2.2 mobility of the factors of production The influences on the mobility of the various factors. 1.2.3 quantity and quality of the factors of production The causes of changes in the quantity and quality of the various factors.

Lesson Plan Topic: Monetary 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 money supply and monetary policy. Describe monetary policy measures. effects of monetary policy on government Macroeconomic aims- Changes in interest rates, money supply and foreign exchange rates. How monetary policy measures may enable the government to achieve its 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: Partnership Business Lesson Plan ‘MS word doc.’ IGCSE Business Studies & Economics. 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 Partnership business organization and the main features of Partnership business organisation: •• Differentiate between unincorporated businesses and limited companies •• Explain the concepts of risk, ownership and limited liability •• Recommend and justify Partnership form of business organisation to owners/management in a given situation. NB: Add your school’s name, and logo on top, you own name, date, and class year, term and week, etc.

Lesson Plan Topic: Technology and the marketing mix - ‘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 Technology and the marketing mix: •• Define and explain the concept of e-commerce •• The opportunities and threats of e-commerce to business and consumers. •• Use of the internet and social media networks for promotion. 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.

Lesson Plan Topic: Achieving quality production - ‘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 Price: •• identify the Pricing methods (benefits and limitations of different methods), e.g. cost plus, competitive, penetration, skimming, and promotional •• Recommend and justify an appropriate pricing method in given circumstances •• Understand the significance of price elasticity: difference between price elastic demand and price inelastic demand; importance of the concept in pricing decisions (knowledge of the formula and calculations of PED will not be assessed) 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.

Lesson Plan Topic: Marketing strategy - ‘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; Justify marketing strategies appropriate to a given situation: •• Importance of different elements of the marketing mix in influencing consumer decisions in given circumstances. •• Recommend and justify an appropriate marketing strategy in given circumstances. The nature and impact of legal controls related to marketing: •• Impact of legal controls on marketing strategy, e.g. misleading promotion, faulty and dangerous goods. The opportunities and problems of entering new foreign markets: •• Growth potential of new markets in other countries •• Problems of entering foreign markets, e.g. cultural differences and lack of knowledge •• Benefits and limitations of methods to overcome such problems, e.g. joint ventures, licensing. 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.

Lesson Plan Topic: Price Elasticity of Demand (PED)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; LESSON OBJECTIVE: are shared with the student for awareness and expectation of lesson outcome. At the end of the lesson, the students will be able to; Define price elasticity of demand (PED). Calculate PED using the formula and interpret the significance of the result. Draw and interpret demand curve diagrams to show different PED. Determinants of PED -The key influences on whether demand is elastic or inelastic. PED and total spending on a product/revenue -The relationship between PED and total spending on a product/revenue, both in a diagram and as a calculation. Significance of PED - The implications for decision making by consumers, producers and government 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.