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Economics
Protectionism (Economics)
A detailed (102 slide) PowerPoint presentation on tariffs, quotas, trade subsidies and other forms of protectionsim.
This presentation includes:
Colourful slides
Videos
Activities
Links to syllabus
A detailed step-by-step instructions on how to draw tariff, quota and trade subsidy diagrams
Homework activities
Contextualised examples
Costs (Economics) - TFC, AFC, TVC, AVC, AC, TC, MC
A 125 slide complete lesson on short-run economic costs. The presentation inlcudes:
Colourful and interactive title slide with timer, animations and learning objectives
Editable key term recap starter activity
Detailed, step by step explanations of each cost (diagram and calculation)
Printable slides with activities for students (answers included)
Past exam questions (with answers)
This lesson took me three hours to complete with my students.
Globalisation / Introduction to International Marketing
Using MCDONALD’S TSUKIMI BURGER, Tesco’s failure to succeed in the US, Apple’s failure to succeed in India, and many others, this PowerPoint seeks to explore the reasons why businesses wish to sell in international markets, the challenges and constraints.
Included in this PowerPoint:
A detailed title page, outlining the key skills covered in this topic
A recap on moving averages with answers. This topic is included in some syllabi earlier in the marketing unit but can be deleted if not required
A starter activity introducing the concept of globalisation where students need to match McDonalds products based on the country whey are sold
(demonstrating how products need to be adapted based on the market they are targeting). Answers are provided
An explanation of reasons why businesses choose to sell products in overseas markets
A contextualised example for each reason
Detailed explanations as to each of the reasons why how marketing activities need to change depending on which country goods are being sold
Video 1: Reasons why Tesco failed in US (poor marketing)
Video 2: Reasons why Apple failed in India (poor marketing)
Introduction to some of the factors that make trade between countries easier
This lesson took me an hour and a half to go through.
Consumer and Producer Surplus
Included in this PowerPoint:
Colourful and engaging slides
Guess the question starter activity with answers (questions and answers cna be changed)
Detailed notes
A range of activities throughout with answers
Step by step demonstrations on how to show and calculate both the consumer and producer surplus
This presentation contains 38 slidea and took me an hour to go through with students
Indirect Taxation - Economics
This presentation contains 73 slides and introduces what tax is before going into detail about indirect taxation and how to interpret diagrams that ask questions on indirect taxation.
Included in this presentation:
A Catchphrase starter activity
A true of false short quiz that asks students about 4 different types of tax around the world
Information about how much tax is generated in UK compare to poorer countries, what that tax revenue is spent on and how it is sourced
Distinctions between direct and indirect taxes. Although Econs exams focus more on indirect taxes, explaining direct taxes gets students engaged into the lesson
A ‘how much tax does BOJO pay’ activity that students really enjoy
Notes on indirect taxation
A step by step explanation of how to interpret and make calculations on tax diagrams
A calculation activity that students need to complete
Notes on disadvantages of tax increases
Evaluative suggestion points the extent to which tax rises are harmful
These slides took me an hour and a half to go through with my students.
Cross Elasticity of Demand
This PowerPoint includes:
An activity that introduces students to the concept of complements, substitutes and unrelated goods
A activity where students have to match pairs of complement and substitutes goods
An activity where students have to calculate the XED of a pair of goods
Detailed notes on how to calculate XED and what the data means
This presentation contains 21 slides and took me 45minutes to complete
Cross Elasticity of Demand
This PowerPoint includes:
An activity that introduces students to the concept of complements, substitutes and unrelated goods
A activity where students have to match pairs of complement and substitutes goods
An activity where students have to calculate the XED of a pair of goods
Detailed notes on how to calculate XED and what the data means
This presentation contains 21 slides and took me 45minutes to complete
Inflation
Included in this PowerPoint:
A detailed and colourful title slide that outlines the key learning outcomes and equipment required for the lesson
A starter activity where students are required to guess how the price of 5 goods and services has changed over time (closest for each round wins). Students really enjoy this activity
Explanation of why / when inflation becomes a problem, how it affects incomes and sectors where incomes have risen lower and higher than inflation
Explanation in basket of goods / weighted index
Step by step explanation of how inflation is calculated using weighted index
Activity (with answers) where students are required to calculate inflation changes using a weighted index
Activity (with answers) - identify which goods and services have been recently added and removed from the basket of goods
Explanation of difference between demand-pull and cost-push inflation with examples
Diagrams for both types of inflation
Presentation is detailed and colourful throughout
There are 52 slides in total and this presentation took me an hour and a half to go through.
Indirect Taxation WORKSHEET
A worksheet that tests understanding of directly and indirect taxation.
There are 4 activities in this worksheet:
A fill the blanks activity that tests students understanding of types of direct and indirect taxation and the correct terminology used depending on the tax being discussed
An activity where students need to calculate tax per unit, incidence on producers, consumers and government revenue
An activity where students need to explain why the incidence on the producer / consumer changes depending on the price elasticity of demand
An extension of activity 2 where students are given 4 additional diagrams where they need to complete additional calculations and label the incidence / tax revenue
3 multiple-choice questions on indirect taxation
Detailed answers of all* activities are provided in this worksheet
This activity took between 20 and 30 minutes for my students to complete
Market Failure (Types of)
This lesson introduces the concept of market failure and explains what each of the key types of market failure are (externalities, under-provision of public goods and information assymmetry)
Included in this presentation is:
A colourful title slide with the key learning objectives
A ‘guess the question’ starter activity with answers
A step-by-step explanation as to what market failure is
Video showing an extreme example of externalities
Fill the blanks externality activity
Externalities sorting activity with answers
Positive externality activity
Information gap activity
Detailed and colourful notes throughout
This presentation is 32 slides in length and took me one hour to go through
Market Structures and Competition
This lesson can be used either to teach Business students about competition, market structures and how consumers can be affected by anti-competitive practices OR to teach Economics students about the different features of market structures and why competition / a lack of competition affects different stakeholders.
Included in this lesson:
A colourful and detailed title slide outlining the key learning objectives
An income elasticity of demand starter activity suitable for both Business and Economics students (calculation / explain / diagram question). A printable slide of the questions has been provided with a detailed answer key on next slide for peer marking.
A detailed and contextualised example of how a lack of competition affects different stakeholders (Epic Games legal battle with Apple over Fortnite)
Brainstorming activity on competition
A rank in order activity on types of competitive markets
Detailed notes on competition, monopolies, oligopolies, monopolistic competition, perfect competition, Game Theory, types of anti-competitive practices such as Cartels, OFT.
This presentation contains 37 slides and took me an hour to go through with my students.
Rational Decision Making
This resource is a 17 slide PowerPoint that explains the concept or rational decision making.
Included in the presentation:
A colourful and informative title slide that outlines the learning objectives
An engaging and interactive online ‘vortex’ starter activity. Students need to match which key term links with which of four topics. Activity is self marked and instructions are included
Explanations of how rational decision making is a principle of neo-classical economics
Contextualised examples of how customers don’t always act rationally (Nudge Theory, Third Decoy, Dopamine, FOMO)
Explanation as to why consumers may not act rationally
This resource took me 30 minutes to complete
Terms of Trade
This colourful and informative resource is fully comprehensive, and includes a number of tasks that test learning that do not require any marking from the teacher.
Included:
A detailed and colourful title screen, outlining the learning objectives and including an interactive timer and picture animations
A ‘guess the question’ starter activity with answers that tests understanding of earlier macroeconomic content
A quiz on UK imports and exports
Detailed explanation of ‘weighted indexes’ with questions and answer scheme included
Past exam question with mark scheme on terms of trade
Link to a video reviewing terms of trade and index numbers
Detailed explanations of factors affecting terms of trade and Prebisch-Singer hypothesis
8 mark question with mark scheme
Homework tasks, including a link to a Teams Quiz with 17 questions on terms of trade. Questions are self-marked when students respond
All resources took me 3 lessons to go through
Free, Mixed and Command Economies
The PowerPoint attached is an informative presentation that explains the difference between command, mixed and free market economies.
Contextualised exams provided throughout.
This presentation contains 18 slides and took me 30 minutes to go through
Rational Decision Making (Economics)
17 slides in total, including a fun starter activity
This presentation took me 30 minutes to go through with my class
Demand (SMART NOTEBOOK VERSION)
Please note that this is a SMART NOTEBOOK presentation and not a PowerPoint presentation
Revenue (Economics) - TR, MR, AR, PED
This 100 slide lesson details:
the meaning of total revenue, marginal revenue and average revenue
the relationship between marginal revenue and price elasticity of demand
the concept of price-taker and price-maker
the formula used to calculate each type of revenue
diagrams for TR, MR and AR depending on whether the firm is a price-taker or price-maker
Engaging activities are provided throughout (answers included)
Questions and answers are also provided
Resource is colourful and interactive with animations throughout
This lesson took me 4 hours to complete with my students
Economics as a Social Science WORKSHEET
Included in this worksheet:
Activity 1 - Match the key term with the definition based on key terms included in this topic, such as the economic problem, utility and ceteris paribus
Activity 2 - Challenge the economic assumptions (a key skill for an A/A*)
Activity 3 - Select whether the scenario is micro or macro
Activity 4 - Trivia on UK economy in 2024
All answers are included so the activity can be marked by the teacher / peer / self marked
The activity took around 10 minutes for my students to complete
Economics as a Social Science (Lesson + Worksheet)
This PowerPoint presentation and worksheet has designed based on the Edexcel A Level Specification but can be applied to any exam board.
The PowerPoint includes:
Detailed and colourful title page with animations, auto calendar date, gifs and timer
Starter activity that test students’ understanding of economic terminology they should be familiar with in the news
Detailed explanation of what economics is
Challenging assumption activity
Detail notes
All answers included
The worksheet has 4 activities:
Match important key terms relating to this lesson
Challenge the assumption activity
Micro or macro scenario
UK economy trivia
Positive Normative Worksheet and Teams Form Quiz
Save yourself some time with this multiple-choice question activity on positive and normative statements, and the economic problem.
You can either use:
The paper worksheet of 44 questions with answers included. Students can peer mark this to save you time
AND / OR
The same activity but with an additional 5 questions as Teams Quiz you can set for classwork or homework. The activity self marks once students finish the quiz so that you can download the results after to see how they have done. The link for you to duplicate and download this has been included at the end of the worksheet.
This resource has been designed to save you time…
Teaching shouldn’t just be about work - get yourself down to the pub / spend some time with your family / go for a walk!
Please let me know if you have any issues / questions