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.’

At the end the lesson, Students should be able: to; Identify and explain the purpose and nature of business activity Explain concepts of needs, wants, scarcity and opportunity cost.• Importance of specialisation. • Purpose of business activity• The concept of adding value and how added value can be increased. Class Activities with Answers

Explains Rostow’s model summarises economic growth of countries into five different stages.This resources explains such stage in relation to India.Changing industry in India.Industrial structure of India,secondary jobs in manufacturing,Political and trading relationships - India’s imports and exports and Millennium Development Goals. prepared for Geogrphy,IGCSE.

The resource explains Global Development, and shows the contrasts in development between countries Strategies to reduce uneven development. it shows the difference between international development and global development,theoretical perspectives on their role in development and the contrast between developed and underdeveloped countries etc. Prepared for Sociology and Economics AS and Level.

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

This resource is prepared for KS4 Economics on Firm’s Cost , Revenue and Objectives. Power point lesson with illustrations and activities. Contains Lesson Plan on the topic and previous topic- FIrm and Production.

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.