This double lesson introduces learners to the monopoly market structure. We start by making links to the board game to understand what a monopoly is and its charactersitics. We look at what makes monopolies powerful, easy to follow diagrams to illustrate supernormal profits in the short-run and the long-run as well as the deadweight loss caused by monopolies. Plenty of video case studies to contextualise the topic and a discussion on the pros and cons of monopolies is included. A link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to perfect competition, we start by looking at the characteristics of perfect competition, ensuring students understand that this is not a realistic structure but a foundation to understand market structures. We then look at illustrating perfect competition in the short-run (with supernormal profits) and in the long-run (normal profits). Pros and cons are discussed and we finish with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to contestable markets, we start by looking at the features of this market with emphasis on the ease of entry and absence of sunk costs. We look at some real life examples of markets that are contestable, and what has led to increased contestability in recent times. Pros and cons discussed and a video case study to stimulate discussion on the impact of increased contestability in the hotel market. We finish with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to monopsonies, we start with a recap on monopoly before looking at features of monopsonies. We look at some real life examples and discuss the pros and cons of monopsonies. Video case studies included which can stimulate discussion on the pros and cons of monopsonies.A research task, a link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to supply of labour, we start by looking at the individual (backward bending) labour supply curve before looking at the industry supply curve to understand workers and their choice between leisure and work. We look at the factors which can affect the supply of labour, with examples and illustrations on diagrams. A selection of video case studies to contextualise the topic with recent stories. We then go on to look at the elasticity of supply and the factors which make supply elastic/inelastic. A link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to factors that affect demand for labour and the elasticity of labour. We start by looking at marginal revenue product to understand why the demand curve is downward sloping. We then go on to looking at factors that shift demand with illustrations and examples. A selection of of video case studies to help contextualise the topic and stimulate discussion. We finish with some true or false questions and a box plenary. Colourful, concise and engaging slides! Thank you

This double/triple lesson introduces learners to oligopolies, we start by looking at characteristics of this market structure. We look at examples of firms that operate within the market structure before looking at how the demand curve is kinked - which leads on to collusive behaviour. Game theory and prisoner’s dilemma is used to demonstrate collusive behaviour. We look at a real life example involving Apple before looking at the pros and cons of collusive behaviour. We also look at competitive oligopolies which lead to price wars. A group task which can be presented back towards the end and a link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to determinants of wages in competitive and non competitive markets. We start by asking how wages are determined and of course talk about footballers wages as a way to stimulate students into this topic. We look at diagrams including impacts of minimum and maximum wages. Video case studies on current labour market issues such as gender pay gap to stimulate discussion. We look at public sector wages and finish with a box plenary Colourful, concise and engaging slides! Thank you

This lesson introduces learners to various forms of government intervention. We start by looking price regulation, quality standards and targets - along with evaluations, before looking at other interventions to promote competition and protect employees and suppliers. A selection of video case studies to contextualise the topic and stimulate discussion on real life interventions. We finish with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to Economics as a social science, we ask students what Science is and what they do in their Science lessons before explaining what a social science is and the importance of Ceteris Paribus in Economics. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the important concept of specialisation and divison of labour, we start with a game where students produce a paper aeroplane, with and without specialisation to introduce the concept of efficiency when speciailising. We talk about the roots of this concept from Adam Smith and some real life examples of long supply chains yet the most efficient. After looking at divison of labour and functions of money, students have the opportunity to attempt a specialisation question (on a macro level rather than micro but same concept), structure guidance and a concise model answer is provided before we finish with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to positive and normative statements. We start by looking at why positive statements are important in Economics. We go through a few examples of statements to consolidate students understanding of these two before students independently separate a collection of statements, answers are provided on the powerpoint. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the concept of rational vs emotional decision making, we emphasise the importance of rational decision making but acknowledge that as humans we don’t always use logic in making every decision. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to supply and the factors which influence it. We start by looking at why suppliers supply, once students grasp that it is for the incentive of profit we look at examples which can affect supply. We then go on to illustrate these impacts on diagrams with shifts in the supply curve - all broken down so students can grasp it quickly. We then have a four mark question with a case study on the supply of houses, guidance on the assessment objectives required and concise model answers for students to look at when peer assessing. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the determination of prices. The starter introduces learners to the equilibrium point through a plotted graph which they draw, from this we introduce the concepts of excess demand and excess supply, with step by step animated examples for students to easily understand the concept. Some consolidation activities before we look at the price mechanism and the invisible hand and the three functions. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces leaners to indirect taxes and subsidies. We look at different types of indirect tax such as specific unit tax and ad valorem before looking at real life examples of these taxes so students can paint a picture of how it works in the UK. Animated step-by-step diagrams to help students with drawing the diagrams in their answers. We look at the sugar tax and students debate for and against the tax before going on to subsidies. For subsidies, we look at examples and diagrams as well before finishing off with a kahoot quiz and box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to different views of how and why consumers behave the way they do, we are not 100% rational as humans and we look at some engaging examples of why. Some consolidation activities followed by an exam style question on the Help to Buy scheme in property & rental market (where alternative views might be considered). A model answer is provided and marking grid for students to peer assess and make improvements to WWW and EBI. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to public goods, what they are with examples of them, we then consider the free rider problem and why the private sector doesn’t offer public goods. We then look at information gaps and examples of how this could lead to market failure through witholding information and moral hazard. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to government failure, we look at reasons that can cause a net welfare loss to society through distortion of price signals, unintended consequences, excessive admin costs and information failure. Three links to kahoot quizzes on all of theme 1 to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the variety of interventions that governments use to intervene in markets. We start by recapping indirect taxes and subsidies before looking at examples of minimum and maximum prices - students contextualise this by looking at alcohol minimum prices and tuition fee caps in the UK - a short question with a model answer on this too. We then look at pollution permits, state provision of public goods, provision of information and regulation as other ways governments can interevene in markets. Two links to kahoot quizzes to finish with. Colourful, concise and engaging slides! Thank you