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.

An extension of aggregate supply theory and a detailed look at LRAS, the banking system and the labour market. Main aim: Students will expand their theory of AS and look at how focus on detailed reason how LRAS can be impacted in an economy. Students also assess both the Classical and Keynesian view. This lesson covers the following areas: Re-cap on aggregate supply Keynesian vs Classical Aggregate Supply & the Institutional Structure of the Economy The Labour Market & LRAS Keynesian Economists & Wage ‘Stickiness’ The lesson includes numerous written tasks with two essay-based exam questions at the end. This lesson could easily last 2+ hours.

Students will understand the key economic theory of inflation and price stability. Students will learn about purchasing power, basket of goods and the consumer price index. Students will also reflect on the difference between nominal and real values and how this links to inflation. The lesson includes tasks, examples and videos. The lesson also includes a nice worksheet to help consolidate learning.

A detailed lesson on the National Minimum Wage and the mobility of labour. This lesson continues with the labour markets and covers two important topics. The lesson starts with key theory on the National Minimum Wage, the PPT looks at the pros and cons of the NMW and introduces the National Living Wage. The lesson includes the latest minimum wage figures and can help bring up a great discussion with your class on how income is distributed across the UK. The lesson then continues by looking at how mobility of labour and the immobility of labour can have a huge impact on the labour market. The lesson looks at both geographical and occupational mobility and immobility of labour. The lesson finishes with numerous questions on the topics covered in the PPT. This lesson is perfect for GCSE Economics and could easily be adapted for A-Level standard.

Students will understand the key economic theory of international trade. Students will learn about imports, exports and the advantages of comparative advantage. Students will also learn the more general benefits and drawback of international trade and protectionism. The lesson also includes info on the WTO. The lesson includes tasks, examples and videos.

A bumper lesson that looks at the many different reasons people are paid different wages / salaries across the country. The lesson looks at key theory from compensating wage, different skill levels, trade unions, discrimination to the elasticity of the supply and demand of labour. The lesson includes relevant examples to help easily explain each wage differential. The lesson builds up to a past exam question where students need to answer why doctors get paid more nurses. A perfect lesson for GCSE Economics and Business Studies and could easily be used / adapted for A-Level lessons.

A detailed lesson (61 slides) looking at the various costs of a firm. The lessons has clear theory, examples and tasks (many calculation and graph based questions) for the following costs: Fixed costs Variable costs Marginal costs Average costs Total costs Sunk costs Short-run costs The lesson is perfect for Microeconomics and A-Level Economics. The lesson also includes a student version of the lesson which is streamlined and works alongside the PPT.

This lesson looks at technological change and how it is impacting firms. The lesson looks at the difference between invention and innovation with relevant examples. The lesson also focuses on synergy demand and how some firms are using this to create huge profits. The lesson then looks at disruptive innovations and barriers to entry. The lesson concludes with some questions to help reflect on the key theory. I have included a teacher and student copy of the PPT. I have also included Economics Pictionary as a nice plenary game - this game includes key words to use and explains the rules. The lesson is perfect for teaching microeconomics at A-Level and could be used for Business Studies.

This lesson helps students understand what price discrimination is and the conditions needed. This lesson offers key theory on the three different types of price discrimination. The lesson has clear theory, diagrams and examples to make sure students fully understand this economic concept. Below is a breakdown of the lessons learning objectives: All Students will understand the three types of price discrimination. Most Students will understand how to draw price discrimination diagrams for both first and third degree price discrimination. Some students will understand how to apply this knowledge to a past exam question. The lesson concludes with various tasks and exam style questions. I have included a teacher and student copy of the presentation and a worksheet that works alongside a great video link. This lesson is perfect for A-Level Economics.

Students learn the key theory behind interest rates. The lesson looks at how interest rates can impact an economy, The lesson includes a detailed worksheet, asking students to calculate various interest rates. This lesson is perfect when teaching the financial market and monetary policy. Answer sheet included.

This detailed and engaging lesson covers the key theory behind inequality and how income and wealth is distributed. This includes the different forms of income and wealth and how they are distributed. The lesson looks at how incomes are unevenly distributed and what economic impacts this can lead to. The lesson includes many tasks, worksheets, videos and activities throughout.

Students will understand the key economic theory of monetary policy. Students will learn about the interest rates, inflation, the base rate and the objectives of The Bank of England. Students will learn about the Monetary Policy Committee and their role in keeping inflation under control. The lesson includes tasks, examples and videos. The lesson also includes a nice worksheet to help consolidate learning.

Students will understand the key economic theory of exchange rates. Students will learn what exchange rates are, how they are calculated and how they can impact economies and why they are so important. Students will learn the pros and cons of having a weak and strong currency. The lesson also introduces supply and demand of exchange rates with diagrams and examples. The lesson includes tasks, examples and videos. The lesson also includes a nice worksheet to help consolidate learning.

Students will understand the key economic theory of Supply-Side policies. The lesson covers the different types of supply-side polices such as free market and interventionist policies. The lesson also covers the micro and macro effects of supply-side policies. The lesson includes deep theory, many tasks, examples and overview revision tasks. This lesson is aimed at higher level Macroeconomic teaching and includes high mark essay style questions.

A great revision lesson that re-caps on many of the key finance topics for GCSE Business Studies. This lesson will re-cap on the main sources of finance (and there pros and cons), how to calculate profit and how to complete cash flow forecasts. I have included a nice quiz that covers cash flow. I have also included a bumper worksheet with a large selection of written questions and finance calculation questions. A great set of resources that covers a large chunk of finance. Perfect for GCSE Business Studies.

This lesson looks at how the growth of firms impacts economies of scale. The lesson looks at the following topics with key theory and examples: Economies of Scale Plant Level Economies of Scale Firm Level Economies of Scale Technical Economies of Scale Multi Plant Economies of Scale The lesson has numerous tasks throughout and includes both a teacher and student copy of the PPT. I have also included a nice keyword loop game - simply cut up the keywords / definition slips and get students to loop them together to create a full chain (full instructions on worksheet). Perfect lesson for A-Level Economics.

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.

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.

At the end of each year (and even each term) I like to play a fun revision game with my GCSE Economics students. Unit 1 Keyword Championships helps students re-cap on all the keywords from the unit How the Market Works from GCSE Economics. 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 Economics. A perfect game for GCSE Economicss. This game has been made to fit the OCR syllabus, however it could easily be adapted for other exam boards. Included in this lesson are following: Keyword Championship Title Screen Rule of the game Score card Unit 1 - How the Market Works 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.

This in-depth and engaging economic lesson covers specialisation and division of labour in lots of detail. The lesson includes key theory, pros and cons of specialisation and how division of labour impacts producers and workers. The lesson includes video clips, tasks and up to examples to help students access the key theory. Main Aim: Students will learn the difference between specialisation, division of labour and exchange. They will also learn the pros and cons of specialisation and how it impacts producers and workers differently. Students will also learn about derived demand.