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Economics
A-level Economics Merit and Demerit goods revision
A4 revision worksheet on Merit and Demerit goods. Includes a second sheet with suggested answers. Both .pdf and .doc file formats have been included.
06 May 2021 Update: Now includes a slideshow explaning the answers
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
Perfect competition: profit-maximisation, efficiency, profit and shut-down point
An exercise to identify profit-maximising price and output, economic efficiency, profit and shut-down point under perfect competition.
An answer sheet is provided as well as the answers being included on the attached slideshow.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
Microeconomics test - Demand, Supply, Price, Consumer Expenditure, and Consumer & Producer Surplus
A microeconomics test covering the topics described. A mixture of calculations, drawing curves and definitions. Mark scheme and feedback slideshow included.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
Updated 06/10/2017 to correct the spellings of equilibrium, response and parallel.
AQA A-level Economics Bank of England response to Covid-19
A 9 mark question on Bank of England’s response to Covid-19. Both .pdf and .doc file formats have been included.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
Year 12 Microeconomics: The operation of markets and market failure end of topic tests
Updated 09/03/2018 to include test on the Economic methodology and the economic problem topic
End of topic tests for year 12 Microeconomics. Includes mark schemes, mailmerged feedback sheets and spreadsheet.
Topics are:
Economic methodology and the economic problem
Competitive markets
Production, costs and revenue
Competitive and concentrated markets
Market mechanism, market failure and government intervention
Economic methodology and the economic problem test consists of forty-five multiple choice questions.
The Competitive markets, Production, costs and revenue, Competitive and concentrated markets and Market mechanism, market failure and government intervention tests eacg consists of 10 MCQs, one 2 mark calulcate question, one 4 mark explain how the data shows question and one 9 mark ‘With the help of a diagram, explain…’ question.
Graphing the law of diminishing marginal returns and Returns to scale activity
Assumes prior knowledge of how to calculate Average cost, the Law of Diminishing Returns, Internal Economies of Scale and Internal Diseconomies of scale.
Student handout is: graphing-LRAC.pdf
Presentation is: Graphing-the-law-of-diminishing-marginal-returns-and-Returns-to-scale.ppt
And the spreadsheet is also attached.
Some of the font is in OpenDyslexic font - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
AQA AS and Year 12 Economics Market failure and government intervention knowledge organiser part 2
Part 2 of a knowledge organiser for The market mechanism, market failure and government intervention in markets topic from the AS and Year 12 Economics. Includes a set of example answers. Part 1 can be found here: https://www.tes.com/teaching-resource/aqa-as-and-year-12-economics-market-failure-and-government-intervention-knowledge-organiser-part-1-12146218
There is a version of this with A-level Economics content which can be found here:
https://www.tes.com/teaching-resource/aqa-a-level-economics-market-failure-and-government-intervention-organiser-part-2-11903122
Any suggestions/improvements/complaints please do comment and I will update it for future editions.
Marginal, Average and Total relationship
A presentation to explain, with examples, the relationship between Marginal, Average and Total values.
Economic concepts used as examples are the Law of Demand, the Marginal cost of labour, the law of Diminishing marginal utility, internal economies of scale and internal diseconomies of scale, division of labour and the law of Diminishing marginal returns.
Both .pptx and .pdf versions have been included.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
A-level Economics Elasticities revision test
Revision test with answers on the powerpoint for PED, YED, XED and PES.
The test, when filled in and then corrected, doubles as a revision poster for students to take home.
Both .pdf and .docx file formats have been included
If you use a specification other than AQA you can ignore/delete/replace the second slide.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
No-nonsense guide to progressive tax
A no-nonsense guide to progressive income tax.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
AQA A-level Economics Market failure and government intervention organiser part 2
Part 2 of a knowledge organiser for The market mechanism, market failure and government intervention in markets topic from the AQA A-level Economics. Includes a set of example answers. Part one can be found here: https://www.tes.com/teaching-resource/aqa-a-level-economics-market-failure-and-government-intervention-organiser-part-1-11901022
There is a version of this with AS and Year 12 Economics content which can be found here:
https://www.tes.com/teaching-resource/aqa-as-and-year-12-economics-market-failure-and-government-intervention-knowledge-organiser-part-2-12146220
Any suggestions/improvements/complaints please do comment and I will update it for future editions.
AQA A-level Economics The labour market knowledge organiser
Knowledge organiser for the The labour market topic from the AQA A-level Economics. Includes a set of example answers.
Any suggestions/improvements/complaints please do comment and I will update it for future editions.
A-level Economics long-run average costs and market structure revision
A3 revision worksheet on the impact of long-run average costs on market structures. Includes a set of suggested answers.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
Calculating changes in real GDP from changes nominal national income and price level
01/10/2020 - Updated to include a slideshow to explain the answers
A set of exercises to practice calculating changes in real GDP from changes in the index for nominal national income and price level. At the end are a series of True or False questions to test understanding and summerise the learning. A copy of the answers has been included.
If you are not familiar with using index numbers, I suggest covering that lesson first:
https://www.tes.com/teaching-resource/aqa-a-level-economics-index-numbers-11969724
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
AQA A-level Economics Barriers to economic growth: property rights
A short presentation on the role of property rights to go with a 9 mark question on patents hindering economic development in Southeast Asian countries. Both .pdf and .doc file formats have been included.
Also included is a mailmerge feedback sheet and spreadsheet.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
MR curve: perfect competition vs monopoly
An exercise to explain the shape of the MR curves that firms face under perfect competition vs monopoly.
An answer sheet is provided as well as the answers being included on the second slide of the attached slideshow.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
What's it worth? Value of money through time display
People have been using money for over four thousand years.
How much could they buy with their shekel, drachma, florin or penny?
A wall display showing different forms of money and its purchasing power that have been used throughout history, organised chronologically.
Any suggestions/improvements/complaints please do comment and I will update it for future editions.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
MC curve: perfect competition vs monopsony
An exercise to explain the shape of the MC curves that firms face under perfect competition vs monopsony.
An answer sheet is provided as well as the answers being included on the second slide of the attached slideshow.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
A-level Economics identifying externalities and deadweight loss from diagrams
Worksheet on externalities. Intended to identify positive consumption externalities, negative consumption externalities, positive production externalities, negative production externalities, and areas of deadweight loss (DWL) from different graphs. Includes a second sheet with suggested answers, and an accompanying slideshow.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/
A-level Economics Understanding AD/AS, the economic cycle and output gaps
Activity on aggregate demand, aggregate supply, the economic cycle and output gaps. Separate suggested answers included. Both .pdf and .doc file formats have been included.
Any suggestions/improvements/complaints please do comment and I will update it for future editions.
The font is OpenDyslexic - Free, OpenSource Dyslexia Typeface
http://opendyslexic.org/