This lesson introduces learners to the important concept of opportunity cost, we start by looking at what opportunity cost actually means with some examples, we then have a number of scenarios where students might find themselves in, in the near future. Students are presented with two options, they have to make a choice, we discuss the reasons for their choice and any depends factors (all AOs developed). In the last scenario, we look at whether a student should go it alone or open up a business with a friend - students consider the opportunity cost and answer the 10 mark question, structure guidance and a concise model answer provided. Colourful, concise and engaging slides! Thank you

This set of resources includes 1x PPT, 1x set of group task cards and 1x word case study, this can be delivered over two lessons. Learners are introduced to demand and the various factors influencing demand. We look at movements in the demand curve through price first before going through each factor with relevant examples such as using Messi and Ronaldo adverts to highlight the impact on demand for football boots. We also look at how this can be shown on diagramatically on demand curves. We then go on to ‘Walkthrough Westfield’ which is a group activity, students are given a set of factors which affect demand, and then through our virtual walkthrough we stop at different shops, students have the opportunity to dicuss and rank the factors for that particular shop (encouraging application and evaluation). We then look at different types of demand such as joint, derived and composite before looking at the concept of dimiinishing marginak utility. Students then read a concise case study and answer an 8 mark question, structure guidance and model answer provided for peer assessments - this question is from the business spec but relevant to this topic. 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 bundle of 3 lessons introduces learners to economic growth and a range of concepts within economic growth such as real vs nominal GDP, total GDP vs per capita and GNP. We start by looking at GDP charts to identify areas of growth and recession. We look at real life examples of countries with positive and negative growth with stimulating discussions. We also look at the limitations of using GDP as a measure of standard of living - a 12 mark question with a concise model answer for students to look before peer assessing and making improvements to WWW and EBI. Finally, we look at happiness and how it is really included when measuring how well an economy is performing, we look at the 7 factors that determine happiness as identified by Laynard. Purchasing power is compared with a great example from spending in India compared to the UK. A link to a kahoot quiz to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the components of aggregate demand before looking at each component in greater detail later in the course. We start by breaking down the definition of aggregate demand to undestand the components involved. We look at the AD curve and understand why it slopes downwards and why it is different to the micro demand curve although looks the same. We look at movements and shifts in the AD curve and students have the opportunity to practice drawing the diagram with shifts - answers provided. A box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson builds on students’understanding of the impact of economic growth. We look at each economic agent and talk through the advantages and disadvantages of growth to them. Once the knowledge is there we look at an 8 mark question to develop exam technique - a model answer is provided for students to look at. We finish with a box plenary and some quiz questions on theme 2. Colourful, concise and engaging slides! Thank you

This lesson builds students understanding of the elements of the trade cycle, we start with a recap on output gaps before looking at the trade cycle, a basic example going onto a real GDP growth graph. We identify the differences between the four stages before watching a video on the impact of the recession created by COVID-19. 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 3 lesson bundle covers: 3.6.1 Causes and effects of change 3.6.2 Key factors in change 3.6.3 Scenario planning Filled with real life examples, concise case studies to save time and focus on key skills of knowledge, application, analysis and evaluation. Questions with structured guidance and model answers for self/peer assessments - to save your time and to build their skills at the same time. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you Note: This upload is for the purpose of bundling with the rest of theme 3 (as only 20 uploads in a bundle allowed)

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 the causes of economic growth, we start by looking at what growth is by differentiating between actual and potential growth. We look at different ways to show growth through step by step diagrams. We watch a few videos for context on economic growth and the export-led economic growth of Bangladesh. Colourful, concise and engaging slides! Thank you

This lesson builds on learners understanding of macroeconomic equilibrium, we look at the word means and how it looks like on a diagram (with both LRAS types). We look at two scenarios, one of England hosting the world cup in 2020 and the other being the latest budget announced by Rishi Sunak in 2021 - students discuss the effects of this on the macroeconomy. A research task and we end with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson summarises the possible macroeconomic objectives which students would have heard throughout the course so far. We look at the 7 main objectives. Students are given an exam style question to prepare a presentation on - how inflation could impact the other macroeconomic objectives - balanced points are given on the following slide to compare with students’ presentations, this can also be answered for homework later. Colourful, concise and engaging slides! Thank you

This new for 2021 bundle for Edexcel’s A Level Economics Theme 1 is the ultimate pack for teachers delivering this course. Captivating powerpoints, the highest quality, unrivalled lesson experiences from start to finish. Filled with real life examples and step-by-step animated diagrams. Please have a look at individual files to see previews. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you Note: The purpose of this upload is to bundle theme 1 with theme 2 to create a year 1 bundle due to limit of 20 uploads per bundle. You can find theme 1 individual lessons in the shop too. Theme 1 - Introduction to markets and market failure