At the end of the lesson, students should be able to:This resource is made for Economics IGCSE.
Define absolute and relative poverty 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.Structured Questions provided with Answers at the end of the presentation.
Lesson plan on Business Studies KS3. Prepared for Year 8 and 9. A step by step lesson plan on topics such as:Micro and Macro,Double Antry Accounting, Division of Labour and Control Location Decision. Contains 5 weeks lesson plan.
Prepared for IGCSE KS4 Economic. At the end of the lesson, students should be able to:
D efine 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
At the end of the lesson, 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.
‘Class Activities’ and ‘Multiple Choice Questions’
with Answers.’
Goods and Services: Meaning and Classification of Goods and Services
This resource is prepared for KS3 Bussiness Studies. It explains Goods and Services: Meaning and Classification of Goods and Services
Difference between Goods and Services, categorisation of goods and services.
It shows the difference between tangible and non- tangible goods,
Durable Goods
Non- Durable Goods
Tangible Good
Non Tangible Goods
Contains Class Activity.
At the end of the lesson, 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’ and Solutions