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George's Marvellous Business Studies & Economic Resources

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Please check out my quality teaching resources that cover both Business Studies and Economics. I have been a teacher for over 10 years and always aim to produce high quality worksheets, activities and presentations. I have taught both Business Studies and Economics from GCSE to A-Level. Please come back often to see my latest and greatest resources.

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Please check out my quality teaching resources that cover both Business Studies and Economics. I have been a teacher for over 10 years and always aim to produce high quality worksheets, activities and presentations. I have taught both Business Studies and Economics from GCSE to A-Level. Please come back often to see my latest and greatest resources.
Enterprise & Entrepreneurs - Starting a New Business - Business Studies - PPT, Tasks & Group Task
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Enterprise & Entrepreneurs - Starting a New Business - Business Studies - PPT, Tasks & Group Task

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A detailed lesson that covers what enterprise is and how entrepreneurs aim to start new businesses and spot gaps in the market. This lesson has many examples of famous entrepreneurs and the skills needed to start a new business. The lesson looks at a number of key business concepts including opportunity costs, risks, government help for new businesses and much more. The lesson includes a nice group work task for students where they have to create a new social enterprise idea and present to the class. The lesson includes lots of fun tasks and activities throughout. I have also included a nice worksheet on this key business topic. Perfect for either GCSE Business Studies or A-Level Business Studies.
Calculating Profit - Exam Style Financial Questions - GCSE Business Studies - Worksheet & Answers
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Calculating Profit - Exam Style Financial Questions - GCSE Business Studies - Worksheet & Answers

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A detailed worksheet that covers many exam style questions on calculating profit. The worksheet has brief case study and key financial information, students then must calculate sales revenue, variable costs, total costs and finally whether the business has made a profit or a loss. This worksheet is strongly based on GCSE exam style questions. Perfect for finance revision. I have included the answers for every question and a simple formula sheet to help students answer the questions. This worksheet could also be used for A-Level Business Studies.
GCSE Economics Revision Packs: The UK Economy & Globalisation - Exam Style Questions & Revision OCR
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GCSE Economics Revision Packs: The UK Economy & Globalisation - Exam Style Questions & Revision OCR

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Every year OCR GCSE Economics release a stimulus material that will be used in the The UK Economy & Globalisation exam (50% of final grade). Over the last three years I have dissected the stimulus material and added my own theory behind the evidence, quotes, graphs and figures. I then include exam style questions that may be asked to help prepare students for their upcoming exam. I have included 12 key revision packs that cover the key topics from last three years (2014, 2015 and 2016). To help students prepare for the 2017 stimulus material and exam these resources may prove to be very useful. They also cover key theory from the unit so may be useful as outright lessons. Some of my packs include student copies - these are slimmed down versions of the main revision packs. Each pack includes a screenshot of the key figures from the stimulus material, keywords and theory and exam style questions. Please see below for a full list of each pack: Pack 1: Balance of Payments Pack 2: Imports & Exports Pack 3: Exchange Rates Pack 4: Competitiveness Pack 5: Poverty Pack 6: Problems of Trade Pack 7: The Eurozone Crisis Pack 8: GDP Pack 9: Economic Growth Pack 10: Poverty & External Debt Pack 11: The EU & Eurozone Pack 12: Exchange Rates This bumper revision pack is aimed at OCR Economics and the The UK Economy & Globalisation exam but they may prove useful for other GCSE exam boards and even A-Level Economics.
Oligopoly - Game Theory & Prisoners’ Dilemma & Oligopolistic Pricing Strategies - A-Level Economics
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Oligopoly - Game Theory & Prisoners’ Dilemma & Oligopolistic Pricing Strategies - A-Level Economics

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This lesson covers some really important theory for oligopolies. The lesson will help students understand how game theory and prisoners’ dilemma impacts an oligopoly and the various pricing strategies that oligopolistic markets may use. The lesson includes various tasks, examples and clear theory and links to various video clips to help consolidate the learning. The first part of the lesson has the following learning objectives: All Students will understand how game theory works and how it impacts oligopolies Most Students will understand how prisoners’ dilemma can cause issues for oligopolies. The second part of the lesson covers the following learning objective: All Students will understand that the various pricing strategies for oligopolies. The lesson concludes with a past paper style question. I have included both a teacher and student copy of the lesson and have included a nice worksheet to work alongside a great video link. This lesson is perfect for A-Level Economics and aims to tackle a tough topic.
Market Failure, Government Intervention & Allocative Efficiency - A-Level Economics / Microeconomics
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Market Failure, Government Intervention & Allocative Efficiency - A-Level Economics / Microeconomics

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A detailed lesson covering the key theory behind market failure. The lesson covers what is market failure, the main causes of market failure and the results of market failure. The lesson also looks at allocative efficiency and how it links to the market failure. The lesson then looks at how governments may try to intervene and fix market failure. I have also included a fun 'You Say We Pay' game to help re-cap on key topics from the lesson and linked lessons. I have also included a nice market failure bingo game to help make the lesson more interactive and fun. I have included a student copy of the lesson to go alongside the main PPT. A perfect lesson for A-Level Economics.
Absolute & Relative Poverty & The Main Causes of Poverty in the UK - A-Level Economics - 2 of 4
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Absolute & Relative Poverty & The Main Causes of Poverty in the UK - A-Level Economics - 2 of 4

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This lesson at the difference between absolute and relative poverty and the main causes of poverty in the UK. The lesson includes lots of detailed theory, diagrams, examples, video links and tasks. The tasks include a nice poverty word scramble starter activity. I have also included a fun distribution of income dice game. The lesson concludes with past exam style questions. I have also included a student version of the PPT. This lesson is perfect for looking at poverty and how their is clear inequality in the UK and the World. This lesson is perfect for A-Level Economics and could also be useful for Geography and Business Studies. This is lesson 2 of 4 covering poverty and the inequality of the distribution of income.
Positive & Normative Economic Statements - Economics - GCSE & A-Level Lesson
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Positive & Normative Economic Statements - Economics - GCSE & A-Level Lesson

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This lesson explains the clear difference between positive and normative economic statements. The lesson includes numerous examples, theory and tasks. The tasks include a positive and normative worksheet where students need to read statements and tick whether they are normative or positive (answer sheet also included). I have also included a case study on obesity where students need to highlight evidence of both positive and normative statements. The lesson concludes with a nice research task based on the topic. This lesson should be used at the start of the economic course to help explain how statements can be analysed properly. This lesson is perfect for either GCSE or A-Level Economics. Lesson Aim: Students will fully understand the key difference between positive and normative statements.
Production Possibility Curves / Frontiers / Diagrams (PPC) - Opportunity Cost - Economics
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Production Possibility Curves / Frontiers / Diagrams (PPC) - Opportunity Cost - Economics

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This lesson looks at production possibility curves (PPC) and how they show opportunity costs. The lesson includes lots of examples, diagrams and tasks to really help explain this topic. The lesson includes numerous video clips to help consolidate the learning. I have included a group task to make this lesson more engaging. This lesson is perfect for either GCSE or A-Level Economics. Lesson Aim: Students will fully understand how to analyse and draw production possibility curves.
Market Research Lesson Bundle - GCSE Business Studies
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Market Research Lesson Bundle - GCSE Business Studies

3 Resources
This bundle includes three lessons that cover marketing research in a lot of detail. The lessons include key theory, tasks and examples. Lessons in bundle: 1. Market Research - Primary Marketing Research 2. Market Research - Secondary Marketing Research 3. Market Research - Quantitative & Qualitative Marketing Research
Monopolies & Market Failure - Pros & Cons of Monopolistic Markets - A-Level Economics
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Monopolies & Market Failure - Pros & Cons of Monopolistic Markets - A-Level Economics

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This lesson looks at how monopolies can cause market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson covers the following key theory: * What monopolies are * Pure and natural monopolies * Barriers to entry * The role of the government to monopolies * Advantages of monopolies * Disadvantages of monopolies Main lesson aim: Students will understand what market failure is and the main causes of market failure. The lesson starts with a fun starter to help re-cap on the various market structures and get into the appropriate groups. I also have made a nice 'You Say We Pay' game to help cover the key theory. I have also included a tough quiz on the topics covered. I have also included a student copy of the PPT. This lesson is perfect for A-Level Economics.
Government Intervention in the Economy - Ways to Correct Market Failure - A-Level Economics
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Government Intervention in the Economy - Ways to Correct Market Failure - A-Level Economics

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This detailed lesson looks at government intervention in the economy. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at: * Pro-Free Market Economists VS Interventionist Economists * The main reasons for government intervention * Ways to correct market failure * The forms of government intervention Lesson Aim: Students will understand what government intervention is and how it can help / hinder an economy. I have included a student copy of the lesson to work alongside the main PPT. I have included exam style questions and videos to help teach a tricky topic. A perfect lesson for A-Level Economics.
GCSE Business Studies - Unit 1 Setting Up a New Business - Keyword Championships - Fun Revision Game
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GCSE Business Studies - Unit 1 Setting Up a New Business - Keyword Championships - Fun Revision Game

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At the end of each year (and even each term) I like to play a fun revision game with my GCSE Business Studies students. Unit 1 Keyword Championships helps students re-cap on all the keywords from the unit Setting up a Business from GCSE Business Studies. I first explain the rules of the game to my students (see below) and hand out the packs to groups of 4-5 students. I simply print out and cut up all the keywords and definitions to make a large pile. One person from each group grabs a card and reads out the definition to their other group members - the first person who guesses the correct definition wins a point which is recorded on the score card (see PPT). The pile of cards goes round the group and the scores are recorded. The game finishes when all cards have been used. This game takes around 1 hour to complete all cards. This game has proved a huge hit with students of all abilities and really has helped them learn the keywords and basic theory of Business Studies. A perfect game for GCSE Business Studies. This game has been made to fit the AQA syllabus, however it could easily be adapted for other exam boards. Included in this lesson are the following: Keyword Championship Title Screen Rules of the game Score card Unit 1 - Setting Up a Business Keywords (ready to be cut up) There is space for adding your own keywords and definitions to make the game more fun and suited to your students. E.g. I like to add in the odd fact and business quote to help make the game a little more fun. Rules of Keyword Championships: Get into groups of 4-5 people. Shuffle your keyword cards and turn them upside down into a nice pile. One person in your group will then pick up a card and read the description. The first person to correctly identify the keyword gets a point. Keep going around the table until all keywords have been identified and find out who has the most points. The winning person in each group will win a prize.
Government Intervention & Government Failure - A-Level Economics - PPT, Quiz & Worksheets
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Government Intervention & Government Failure - A-Level Economics - PPT, Quiz & Worksheets

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A bumper lesson looking at the key theory behind government intervention and government failure. The lesson includes numerous examples and tasks throughout. The lesson looks at the seven main causes of government failure in a lot of detail. The lesson included a fun 'You Say We Pay' game and an exam style question. I have included a student copy of the PPT alongside the overall PPT. I have also included two tests / quizzes on similar topics and a nice 25 mark exam question template. This lesson is perfect for A-Level Economics.
Production & Productivity - Labour & Capital Productivity - GCSE Economics - PPT & Worksheet
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Production & Productivity - Labour & Capital Productivity - GCSE Economics - PPT & Worksheet

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This lesson looks at the difference between production and productivity. The lesson includes many key examples, tasks and key theory. I have also included a simple worksheet to work alongside the key theory. The lesson covers the following theory: * Production * Productivity * Factors of production * Labour intensity * Capital intensity Below is a break-down of the lesson aims: All: Students will know the difference between production and productivity. Most: Students will know how to calculate both labour and capital productivity Some: Students will know the main advantages and disadvantages of both labour and capital intensive industries. This lesson is perfect for GCSE Economics and could also be useful for A-Level Economics.
Government Intervention - Price Floors, Price Ceilings, Subsidies & Government Failure - Economics
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Government Intervention - Price Floors, Price Ceilings, Subsidies & Government Failure - Economics

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This detailed lesson looks at government intervention in the economy through price floors, price ceilings and subsidies. The lesson also looks at government failure. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at: * Price ceilings * Secondary markets * Price floors * Minimum legal prices * Government failure * Subsidies Lesson Aim: Students will understand how the government can impose price floors, price ceilings and subsidies. I have included a student copy of the lesson to work alongside the main PPT. I have included exam style questions and key examples to help teach a tricky topic. A perfect lesson for A-Level Economics.
Buffer Stocks - Government Price Controls - PPT & Worksheet - A-Level Economics / Microeconomics
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Buffer Stocks - Government Price Controls - PPT & Worksheet - A-Level Economics / Microeconomics

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This detailed lesson looks at government intervention in the economy using buffer stocks. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at: Government price controls Buffer stocks The short-run fall in agricultural prices Buffer stock supply and demand Problems of buffer stocks Lesson Aim: Students will understand the various ways a government can impose price controls including buffer stocks. I have included a student copy of the lesson to work alongside the main PPT. I have also included a great worksheet based on the corn industry and how a buffer stock could be used. A perfect lesson for A-Level Economics.
Uses of National Income Data & Living Standards - Year 2 - Macroeconomics / Economics A-Level
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Uses of National Income Data & Living Standards - Year 2 - Macroeconomics / Economics A-Level

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A good overview and whole lesson on how national income data can measured and how it impacts an economy. Lesson aim: Students will understand how income data is measured, why governments measure income data and the main limitations of using income data to access living standards. This 33 slide PPT offers a perfect 2 hour+ lesson on national income data. The lesson looks at the following areas: Measuring National Income Why do Governments Measure National Income? What are the Limitations of Using National Income Data to Measure Living Standards? Other ways of measuring living standards The Big Mac Index The lesson has a number of written tasks throughout including two essay-based exam questions at the end. Overall a perfect lesson for A-Level economics.
A-Level Economics - How to Answer a 25 Mark Question - Is Economic Growth Always Good?
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A-Level Economics - How to Answer a 25 Mark Question - Is Economic Growth Always Good?

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This concise and clear PPT allows students to work through an exam style essay question. Students will understand how to structure a 25-mark essay based exam question through the skills of knowledge, analysis, application and evaluation. They will learn how construct PECAN PIE paragraphs and how to access all AO’s effectively. The lesson is centered around the following question: Is Economic Growth Always Good for an Economy? This lesson will work perfectly after covering economic growth in either year 1 or year 2 of macroeconomics. I have also included a corresponding worksheet, where students need to highlight, and peer mark an existing exam answer, whilst highlighting which AO’s have been met and how the answer could be improved. I have also included a nice PECAN PIE template for exam assistance for this and future questions. I have also included a simple key theory sheet which can be given out to students to help them access the question. The lesson includes a nice starter, main and plenary task. This lesson could easily stretch over 2 hours.
Economic Growth & the Economic Cycle - Year 2 A-Level Macroeconomics / Economics
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Economic Growth & the Economic Cycle - Year 2 A-Level Macroeconomics / Economics

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A very detailed look at the causes, pros and cons of economic growth and how it can influence different economies. Main aim: Students will expand their theory of economic growth and look at very details pros and cons of economic growth. Students will also look at the major impact economic growth can have to an economy. This lesson covers the following areas: The Benefits of Economic Growth The Disadvantages of Economic Growth The Impact of Economic Growth The Stages of the Economic Cycle The Causes of Changes in the Economic Cycle The lesson has numerous written tasks throughout and leads up to a 25-mark exam style essay question.
Employment & Unemployment - Year 2 A-Level Macro Economics - Whole Lesson
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Employment & Unemployment - Year 2 A-Level Macro Economics - Whole Lesson

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An in-depth look at how unemployment can impact an economy. This lesson looks at voluntary and involuntary unemployment in a lot of detail. Lesson Aim: Students will understand the different types, consequences and impact of unemployment to an economy. The lesson covers the following topics: The Causes of Real Wage Unemployment The Natural Rate of Unemployment Factors Determining the Natural Rate of Unemployment Reducing the Natural Rate of Unemployment NAIRU The Consequences of Unemployment Hysteresis & Unemployment The lesson includes exam style questions, examples, diagrams, a research task and a fun end of lesson game. This detailed PPT will easily last 2 hours and will give students a real understanding of how unemployment impacts an economy.