Michael's shop
Former teacher of Economics, Politics & Business Studies in Madrid, Spain (journalist at The Times, Sunday Times & MoneySavingExpert.com in a previous life)
159Uploads
32k+Views
17k+Downloads
Former teacher of Economics, Politics & Business Studies in Madrid, Spain (journalist at The Times, Sunday Times & MoneySavingExpert.com in a previous life)
Economics
Cost & revenue curves (A-level Economics)
A-level Microeconomics lesson (Edexcel) on cost & revenue curves.
Includes:
PowerPoint (with student tasks)
Starter task
Practice questions
Case study examples (explains to students how firms such as Tesla, Spotify, Ryanair and more are able to sustain losses)
Essay question (with planner sheet)
Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
4Ps: price, pricing strategies & price elasticity of demand: IGCSE Business
IGCSE Business Studies lesson on pricing strategies and price elasticity of demand (Cambridge, Unit 3) used with my Y11 students.
Lesson covers pricing methods (cost plus; penetration; promotional and price skimming) and includes:
Starter task
PowerPoint (with various learning activities throughout)
Worksheet
Practice questions
Full shop: https://www.tes.com/teaching-resources/shop/smith_michael
Normal & supernormal profit (A-level Economics)
A-level Microeconomics lesson (Edexcel) on normal & supernormal profit
Includes:
PowerPoint (with student tasks)
Starter task
Worksheet (A-level graph practice)
Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
External economies & diseconomies of scale (A-level Economics)
A-level Microeconomics lesson (Edexcel) on external economies & diseconomies of scale
Lesson covers: external sources of economies & diseconomies of scale, drawing SRAC and LRAC costs curves and the LRAC envelope.
Includes:
PowerPoint (with student tasks)
Starter task
Worksheet (with questions and graphs to complete)
Part 1 on internal economies & diseconomies of scale is here: https://www.tes.com/teaching-resource/resource-12588440
Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Internal economies & diseconomies of scale (A-level Economics)
A-level Microeconomics lesson (Edexcel) on internal economies & diseconomies of scale
Lesson covers: internal sources of economies & diseconomies of scale (marketing; purchasing; financial; managerial; technical), drawing the LRAC curve and minimum efficient scale.
Includes:
PowerPoint (with student tasks throughout)
Starter task (short-run cost curves)
Worksheet (with questions, case studies and graphs to complete)
Homework question (with planning sheet)
Previous lesson on short-run cost curves is here: https://www.tes.com/teaching-resource/resource-12587168
Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Short-run cost curves (A-level Economics)
A-level Microeconomics lesson (Edexcel) on short-run cost curves
Lesson covers: short-run cost schedules and teaches students to graph average cost, average variable cost and marginal cost curves.
PowerPoint (with student tasks throughout)
Starter task
Worksheet (with questions and tables to fill in)
Homework questions
Previous lesson on costs and imputed costs is here: https://www.tes.com/teaching-resource/resource-12587040
Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Costs & imputed costs (A-level Economics)
A-level Microeconomics lesson (Edexcel) on costs & imputed costs
Lesson covers: economic costs; imputed costs; fixed costs; variable costs; total cost, average cost & marginal cost.
PowerPoint (with student tasks throughout)
Starter task
Worksheet (with questions and tables to fill in)
Previous lesson (part 1) on diminishing returns here: https://www.tes.com/teaching-resource/resource-12582592
Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Costs & diminishing returns (A-level Economics)
2-hour A-level Microeconomics lesson (Edexcel) on Costs
Lesson covers: the short run; the long run; law of diminishing returns; total, average & marginal product; returns to scale
PowerPoint (with student tasks throughout)
Starter task
5-page worksheet
Previous lesson on revenue & revenue curves here: https://www.tes.com/teaching-resource/resource-12580294
Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Revenue curves (A-level Economics)
A-level Microeconomics lesson (Edexcel) on Revenue & revenue curves.
Lesson covers total revenue, average revenue, marginal revenue, revenue curves and relationship between revenue and price elasticity.
PowerPoint
Starter task
Worksheet to fill in
Homework/class task (depending on length of lesson)
Took my Y13s about 1.5 hours to complete - but could be done in an hour (or stretched to 2)
Full shop: https://www.tes.com/teaching-resources/shop/smith_michael
Business objectives (A-level Economics)
A-level Microeconomics lesson (Edexcel) covering Business objectives.
Lesson covers profit maximisation, revenue maximisation, sales volume maximisation, divorce of ownership from control.
PowerPoint
Starter task on business size
Worksheet to fill in
Homework/class task (depending on length of lesson)
Took my Y13s about 2 hours to complete all told.
Full shop: https://www.tes.com/teaching-resources/shop/smith_michael
Size of Business (A-level Economics)
A-level Microeconomics lesson (Edexcel) covering Size of Business.
Lesson covers backward vertical integration, horizontal integration, mergers/takeovers etc. and includes:
Starter task
PowerPoint
Group work
Relevant graph (economies and diseconomies of scale)
Individual worksheet
Related past paper question / exam practice
Essay planner sheet
Took my Y13s about 2 hours to complete.
Previous lesson on types of business can be found here: https://www.tes.com/teaching-resource/resource-12578132
Full shop: https://www.tes.com/teaching-resources/shop/smith_michael
Types of Business (A-level Economics)
A-level Microeconomics lesson (Edexcel) covering Types of Business.
Lesson covers sole traders, partnerships, joint ventures, state-owned enterprises and includes:
Starter worksheet
PowerPoint
Worksheet
Homework task
Took my Y13s about 2 hours to complete.
Full shop: https://www.tes.com/teaching-resources/shop/smith_michael
A-level Macroeconomics 20-mark essay planner / template (Edexcel)
A simple template to help Edexcel A-level Economics students plan 20-mark Macro essays.
I ask my students to submit a completed plan with every essay.
Micro essay planner here: https://www.tes.com/teaching-resource/resource-12538333
A-level Microeconomics 20-mark essay planner / template (Edexcel)
A simple template to help Edexcel A-level Economics students plan 20-mark Micro essays.
I ask my students to submit a completed plan with every essay.
Macro essay planner here: https://www.tes.com/teaching-resource/resource-12538357
Bundle
AS-level Microeconomics bundle: Consumer behaviour, demand & supply (7 lessons + worksheets)
Bundle of 7 lessons covering chapters 6-10 (Consumer Behaviour, Demand and Supply) of Edexcel AS-level Economics (Markets in Action).
Each lesson includes a PowerPoint (plus worksheets/activities) and are comfortably 1-hour long:
Lesson 1: Rational decision making
Lesson 2: Demand
Lesson 3: Price elasticity of demand (PED)
Lesson 4: Income elasticity of demand (YED)
Lesson 5: Cross elasticity of demand (XED)
Lesson 6: Supply & the supply curve
Lesson 7: Price elasticity of supply (PES)
Also includes:
1-hour assessment on all material taught so far
Reading diary
Selection of multiple choice questions from recent past papers (with answers)
Graph practice worksheet
Essay planner template
Introductory concepts bundle here (chapters 1-5) is here: https://www.tes.com/teaching-resource/resource-12528890
PES: Price elasticity of supply (AS-level Economics)
AS Microeconomics lesson (Edexcel) covering price elasticity of supply (PES).
Full 1-hour lesson includes:
Starter worksheet
PowerPoint
Previous exam practice questions
Worksheet/homework sheet
Link to related Financial Times article (with task for students to apply their knowledge)
7-lesson bundle covering all chapters on consumer behaviour, demand, and supply can be found here: https://www.tes.com/teaching-resource/resource-12535155
8-lesson bundle for previous chapters (the economic problem; factors of production; functions of money; specialisation/division of labour; production possibility frontiers etc) is here: https://www.tes.com/teaching-resource/resource-12528890
Supply & the supply curve (AS-level Economics)
AS Microeconomics lesson (Edexcel) covering supply and the supply curve.
Full 1-hour lesson includes:
Starter worksheet
PowerPoint
Graph practice worksheet
7-lesson bundle covering all chapters on consumer behaviour, demand, and supply can be found here: https://www.tes.com/teaching-resource/resource-12535155
8-lesson bundle for previous chapters (the economic problem; factors of production; functions of money; specialisation/division of labour; production possibility frontiers etc) is here: https://www.tes.com/teaching-resource/resource-12528890
AS-level Microeconomics: 1-hour assessment (introductory concepts)
AS Microeconomics 1-hour assessment (with mark scheme) given to my students after covering the first nine chapters of Unit 1: Markets in Action (Edexcel).
Areas assessed:
The economic problem
Positive & normative statements
Production possibility frontiers
Specialisation & division of labour
Rational decision making
Demand & the demand curve
Price elasticity of demand (PED)
Income elasticity of demand (YED)
8-lesson bundle for first 5 chapters (the economic problem; factors of production; functions of money; specialisation/division of labour; production possibility frontiers etc) is here: https://www.tes.com/teaching-resource/resource-12528890
7-lesson bundle for teaching consumer behaviour, demand, and supply can be found here: https://www.tes.com/teaching-resource/resource-12535155
XED: Cross elasticity of demand (AS-level Economics)
AS Microeconomics lesson (Edexcel) covering cross elasticity of demand (XED).
Full 1-hour lesson includes:
PowerPoint
Activities
Previous exam practice questions
Worksheet (PED; YED; XED questions with answer sheet)
7-lesson bundle covering all chapters on consumer behaviour, demand, and supply can be found here: https://www.tes.com/teaching-resource/resource-12535155
8-lesson bundle for previous chapters (the economic problem; factors of production; functions of money; specialisation/division of labour; production possibility frontiers etc) is here: https://www.tes.com/teaching-resource/resource-12528890
YED: Income elasticity of demand (AS-level Economics)
AS Microeconomics lesson (Edexcel) covering income elasticity of demand (YED).
Full 1-hour lesson includes:
Starter worksheet
PowerPoint
Activities
Previous exam practice questions
Worksheet
Graph practice homework sheet
7-lesson bundle covering all chapters on consumer behaviour, demand, and supply can be found here: https://www.tes.com/teaching-resource/resource-12535155
8-lesson bundle for previous chapters (the economic problem; factors of production; functions of money; specialisation/division of labour; production possibility frontiers etc) is here: https://www.tes.com/teaching-resource/resource-12528890