This set of resources includes 1x PPT and 2x word files and can be delivered over a double lesson. We start with a recap of PED as knowledge of this needs to be secure before moving onto YED to prevent future confusion. We look what YED measures, the formula and the different types of goods that exist such as inferior and luxury goods. Students have the opportunity to practise plenty of calculations on YED, some of which require percentage change to be calculated before calculating YED. All answers are provided. We then go onto look at factors that affect the income elasticity of a good such as necessity and luxuries. A link to a kahoot quiz and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This set of resources includes 2x PPT, 2x word files and can be delivered over 2-3 lessons. Learners are introduced to employment and unenmployment. We start by learning about the two key measures of unemployment in the UK with activities, two short exam style questions with answers to consolidate before looking at the different types of unemployment that exist. We also look at the difference between unemployed and underemployed. In the second powerpoint, there is a focus on exam technique, we look at the effects of migration and then an essay exam style question on the impact on employment in the UK. We look at costs of unemployment to various parties before playing a kahoot on unemployment and finishing off with a box plenary. Colourful, concise and engaging slides! Thank you

This lesson introduces learnes to elasticity of supply. We look at the difference between elastic and inelastic supply, as well as perfectly inelastic and unitary elastic supply, with examples. We also look at the reasons that cause supply to be inelastic or elastic. Students have the opportunity to complete calculations with a model example done first. 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 aggregate supply, we start by looking at what AS is and why the curve slopes upwards (so students understand the difference between micro and macro supply curve), we go through each factor that can affect the the short run aggregate supply curve before students attempt a consolidation task of drawing shifts in SRAS. We then join AD with AS to illustrate the macroeconomic equilibrium. A set of questions which can affect either AD or SRAS with answers and step by step animated diagrams 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 different ways businesses grow, we look at a variety of examples of growth such as organic, inorganic (forward, backward, horizontal and conglomerate), we look at the pros and cons of these types of growth. A range of videos and articles to contextualise the different types of growth and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to cross elasticity of demand, building on the last two lessons on PED and YED. We look what XED measures, the formula and complements and substitutes. Students have the opportunity to practise plenty of calculations on XED, some of which require percentage change to be calculated before calculating XED. All answers are provided and questions use engaging products such as PS5 and games, Coca Cola and Pepsi etc. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This set of resources includes 1x ppt, 2x essay questions, 1x calculation sheet. Learners are introduced to price elasticity of demand - a tricky concept at first but this resource breaks everything down step by step with plenty of calculation and essay exam practice. We start by looking at the concept of elasticity with an engaging Eastenders starter, we learn the key formulas needed to tackle any PED questions before looking at examples of some inelastic products. Students have the opportunity to calculate PED questions with answers on the board to show how answers are reached. We then go on to look at factors that affect the price elasticity of a product and apply this theory to a Nando’s 8 mark question - structure guidance and a model answer is provided for students to look at before peer assessing and responding to WWW and EBI. Another bonus question is included which is based on tobacco cigarettes vs vaping, students consider the different elasticities of the two products and explain why they might be different, full model answer provided for the class to look at and assess together. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the circular flow of income, we start by looking at what this model is and how it is made up. We look at the difference between income and wealth before looking at injections and withdrawals into the circular flow. Animated diagrams of the circular flow to show how money circulates between the parties. A number of consolidation tasks including a 6 mark exam question - all with answers provided. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the concept of the multiplier. We start by provoking thinking on how an injection might end up stimulating AD, we look at examples of how this might look before looking at the formula for the multiplier. Calculation questions with answers are provided, an evaluation to the multiplier is discussed. In the second part of the lesson we look at the alternative way to calculate the multiplier through MPW, a question and answer on this too before playing two kahoot quizzes and a box plenary to end with. 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 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 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 introduces learners to output gaps, we start by looking at GDP charts and identifying trends to understand long term trend rate of growth. We then look at positive and negative output gaps in more detail with step by step, animated diagrams for clearer explanations. Finally we look at the difficulties of measuring output gaps. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to conflicts and trade-offs between macroeconomic objectives and government policies. We go through a few examples of conflicts before looking at the trade-off between inflation and unemployment using the Phillips curve - step by step animated diagrams to make it easy to understand. Some case study scenarios included to contextualise. As it is the last lesson of theme 2 - students are given topics to prepare mini lessons on. Two links to kahoot quizzes and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This double lesson introduces learners to the concept of costs in Economics. We start by recapping the factors of production to understand the difference between short-run and long-run. We then go on to look at the law of diminishing returns and how this affects productivity on diagrams - using this as a foundation to calculate and illustrate the various costs. Consolidation tasks included 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 the concept of economic profit as opposed to accounting profit which most are familiar with. We use broken down examples to explain the concept of normal, supernormal profits and losses. We then look at marginal revenue and marginal cost to identify profit maximisation points and shutdown points. Calculation and drawing tasks to consolidate and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the different types of efficiencies. We start by watching a clip of Goldilocks to understand allocative efficiency - we go deeper into it and look at the definitions and illustrations of the different efficiencies. Videos and questions based on x-inefficiency and a box plenary to finish with. Colourful, concise and engaging slides! Thank you

This lesson introduces learners to the monopolistic market structure, we start by looking at the features of this market, then looking at some real life examples of firms that operate within this structure. We then look at illustrating this market structure in the short-run and long-run (animated diagrams to help students with drawing) before looking at pros and cons of monopolistic competition. A consolidation task and a true and false quiz to finish with. Colourful, concise and engaging slides! Thank you

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