56 results
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Production Possibility Curves / Frontiers / Diagrams (PPC) - Opportunity Cost
This lesson looks at production possibility curves (PPC) and how they show opportunity costs. The lesson includes lots of examples, diagrams and tasks to really help explain this topic. The lesson includes numerous video clips to help consolidate the learning. I have included a group task to make this lesson more engaging. This lesson is perfect for Economics.
Lesson Aim: Students will fully understand how to analyse and draw production possibility curves.
Subjects:
Grades:
8th - 12th
Positive & Negative Externalities - Market Failure - Economics
This detailed lesson looks at both positive and negative externalities and how they can lead to market failure. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks.
Lesson Aim: Students will understand what both positive and negative externalities are and how they can lead to market failure.
I have included a student copy of the lesson to work alongside the main PPT. I have included exam style questions and videos to help teach a tricky topic. A perfect lesson fo
Subjects:
Grades:
8th - 12th
Income & Wealth - Inequality, Distribution of Income & Poverty - Economics
This lesson at the difference between income and wealth and how this has a major impact on the distribution of income in the UK. The lesson aims to help students cover the following objectives:
* Students will fully understand the difference between income and wealth and how it can impact inequality in the UK.
* All Students will understand the difference between income and wealth
* Most Students will understand and be able to analyse the different factors that cause an unequal distribution of
Subjects:
Grades:
8th - 12th
Break Even Analysis - Calculations, Theory & Graphs - Business Finance
A really detailed lesson (that could easily span over 2-3 lessons) on break-even. The lesson looks at the key theory behind break-even and how it is calculated. The lesson has loads of tasks throughout and gets students to complete tables, graphs and formulas to calculate a businesses break-even point. A great lesson includes a student handout which can be printed and used alongside the overall lesson PPT. The lesson includes examples and great revision tips on a potentially difficult financial
Subjects:
Grades:
8th - 12th
Positive & Normative Economic Statements - Economics
This lesson explains the clear difference between positive and normative economic statements. The lesson includes numerous examples, theory and tasks. The tasks include a positive and normative worksheet where students need to read statements and tick whether they are normative or positive (answer sheet also included). I have also included a case study on obesity where students need to highlight evidence of both positive and normative statements. The lesson concludes with a nice research task ba
Subjects:
Grades:
8th - 12th
Market Structures Key Theory: Perfect Competition, Oligopoly & Monopolies
This lesson focuses on the basic key theory of the main market structures (as listed below). The lesson includes theory, examples and tasks throughout.
* Perfect competition
* Monopolistic competition
* Oligopoly
* Duopoly
* Monopoly
The lesson then focuses on perfectly competitive markets and its key diagrams. The diagrams covered includes:
* Revenue curves in perfect competition
* Short-run equilibrium in perfect competition
* Profit maximisation in perfectly competitive markets
* Long-ru
Subjects:
Grades:
8th - 12th
How Poverty & Inequality is Measured - The Lorenz Curve & Gini Coefficient
This lesson at how poverty and inequality is measured. The lesson focuses heavily on both the Lorenz Curve and how the Gini Coefficient is used to measure a countries poverty and distribution of income. The lesson includes lots of detailed theory, diagrams, examples and tasks. The tasks include a nice gap fill worksheet. I have also included a nice worksheet based on the Gini Coefficient. The lesson concludes with past exam style questions. I have also included a student version of the PPT. This
Subjects:
Grades:
8th - 12th
Government Intervention in the Economy - Ways to Correct Market Failure
This detailed lesson looks at government intervention in the economy. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at:
* Pro-Free Market Economists VS Interventionist Economists
* The main reasons for government intervention
* Ways to correct market failure
* The forms of government intervention
Lesson Aim: Students will understand what government intervention is and how it can help / hinder an economy.
I have included a student copy of t
Subjects:
Grades:
8th - 12th
Cost-Benefit Analysis (CBA) - A-Level Economics - PPT, Quiz & Worksheets
This bumper lesson looks at cost-benefit analysis in a lot of detail. The lesson looks at what a CBA is and how it impacts firms and governments. I have included all the key theory on the topic plus many great examples of when cost-benefit analysis was used. Below is a break-down of the lesson objectives:
ALL Students will understand the main pros and cons of carrying out a cost-benefit analysis.
SOME students to understand a few economic examples of when a cost-benefit analysis should be used.
Subjects:
Grades:
8th - 12th
Economic Growth - How it is Measured - GDP & GDP Per Capita
This lesson will help students understand what economic growth means, the main benefits and drawbacks of economic growth, how economic growth can be measured and how it can effect an economy. This lesson includes numerous tasks and key theory. Below is a breakdown of the lessons objectives:
All: Students will know what economic growth is.
Most: Students will know the difference between GDP and GDP per capita.
Some: Students will know which countries have the highest and lowest GDP and GDP per c
Subjects:
Grades:
8th - 12th
Calculating MR = MC - Profit Maximistaion - Marginal Cost & Marginal Revenue
This lessons aims to help students fully understand how a firms maximum profits are calculated. The lesson looks at MR = MC and uses various graphs and table questions to help teach a tricky but essential topic. The lesson looks at each of the following key terms with straightforward explanations, examples and questions :
* Profit maximization
* Marginal revenue
* Marginal costs
* Theory of the firm
* Law of diminishing returns
I have also included two key diagram sheets; one covers profit ma
Subjects:
Grades:
8th - 12th
How the Economy Works - Introduction to Macroeconomics / Economics
A nice introduction lesson on teaching macroeconomics to GCSE Economic students. The lesson introduces vital economic key terms and basic theory. Below is a breakdown of the lesson objectives:
* All students will know the main measures of an economy
* Most students will have an idea of what the UK economy is currently like
* Some students will know how different factors can effect the UK economy
The lesson looks at the basics of the following macroeconomic concepts with definition, examples an
Subjects:
Grades:
8th - 12th
Total, Marginal & Average Revenues - Revenue of a Firm - Profit Maximisation
A nice lesson that looks at a firms revenue and how profit maximization (MR=MC) can be achieved and calculated. This lesson looks at all the key theory for microeconomics and has numerous tasks - including gap fill questions, calculation tasks and graphs. I have included a teacher version and a student version of the resource. The teacher presentation includes answers to set questions. A great resource for teaching Economics.
Subjects:
Grades:
8th - 12th
Market Failure, Government Intervention & Allocative Efficiency - Economics
A detailed lesson covering the key theory behind market failure. The lesson covers what is market failure, the main causes of market failure and the results of market failure. The lesson also looks at allocative efficiency and how it links to the market failure. The lesson then looks at how governments may try to intervene and fix market failure. I have also included a fun 'You Say We Pay' game to help re-cap on key topics from the lesson and linked lessons. I have also included a nice market fa
Subjects:
Grades:
8th - 12th
The Economic Problem - Scarcity, Opportunity Cost & Choice - Capital & Goods
A nice lesson that covers the economic problem. The lesson looks at scarcity and choice and how resources are allocated. The lesson looks at opportunity cost and includes a nice task on this topic. I have also included a Mars Bar utility task which will keep students engaged. I have also included a keyword scramble and a nice factors of production gap fill task. I have also included a nice worksheet based on topics around the economic problem - this worksheet includes matching tasks, gap fills a
Subjects:
Grades:
8th - 12th
Market Failure - Introduction & The Main Causes of Market Failure
This lesson is a perfect introduction to market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson starts with a look at productive and allocative efficiency. The lesson then explains what market failure is and why it is a big problem. The lesson then looks briefly a the following types of market failure:
* Externalities
* Merit and Demerit Goods
* Public goods
Main lesson aim: Students will understand what market failure is and the main causes of ma
Subjects:
Grades:
8th - 12th
Government Intervention - Price Floors, Price Ceilings, Subsidies & Gov Failure
This detailed lesson looks at government intervention in the economy through price floors, price ceilings and subsidies. The lesson also looks at government failure. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at:
* Price ceilings
* Secondary markets
* Price floors
* Minimum legal prices
* Government failure
* Subsidies
Lesson Aim: Students will understand how the government can impose price floors, price ceilings and subsidies.
I have i
Subjects:
Grades:
8th - 12th
Transforming Resources - Factors of Production: Land Labour Capital & Enterprise
A detailed lesson looking at how resources are transformed in a business using the factors of production. The lesson looks at the four factors of production; land, labour, capital and enterprise and what it means to the operations of a business. The lesson also looks at ways a business can aim to improve its efficiency. I have also included a worksheet on the industrial sectors and the factors of production. The lesson concludes with a nice group game of 'You Say, We Pay' covering the topic ente
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Grades:
8th - 12th
Public & Private Goods - Market Failure - Exam Practice & Key Theory
This lesson looks at public and private goods and how they link to market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson covers the following key theory:
* Public goods
* Quasi public goods
* Non-rivalry
* Non-excludable
Main lesson aim: Students will understand what public goods are and how they can lead to market failure if they are not properly provided.
* All Students will understand what public goods are and know a number of relevant exampl
Subjects:
Grades:
8th - 12th
The Balance of Payments & the Current Account - Economics - PPT & Tasks
A bumper lesson on the balance of payments. The lesson aims to explain what the balance of payments is, how it is calculated and what the current account is. The lesson also looks at imports and exports and how they are used in the balance of payments. The lesson includes numerous tasks throughout and looks at ways the UK can aim to improve it balance of payment and try to get its current account into a surplus. I have also included a nice revision aid on the topic which includes exam style ques
Subjects:
Grades:
8th - 12th
The Objectives of Firms, Business Models & The Theory of the Firm
A detailed lesson on the objectives of firms, the different business models, a brief introduction to the theory of the firm, satisficing and profit maximization. This is a great introduction lesson to A-Level Economics and Business Studies. This 38 slide lesson includes key theory and relevant examples. The lesson looks at the main objectives of firms - including profit maximization. The lesson also looks at the pros and cons of typical business models such as sole traders, partnerships, LTD's a
Subjects:
Grades:
8th - 12th
Poverty & Distribution of Income - The Earnings & Poverty Trap - Equality
This lesson looks at how poverty and inequality is linked to both the earnings and poverty trap. The lesson focuses on the earnings trap, the poverty trap, the underground trap, the underground economy and the difference between equity and equality. The lesson then looks at both horizontal and vertical equity. The lesson also looks at government policies that are designed to reduce poverty. The lesson includes lots of detailed theory, diagrams, examples and tasks. I have also included a nice gap
Subjects:
Grades:
8th - 12th
Oligopoly - Game Theory & Prisoners’ Dilemma & Oligopolistic Pricing Strategies
This lesson covers some really important theory for oligopolies. The lesson will help students understand how game theory and prisoners’ dilemma impacts an oligopoly and the various pricing strategies that oligopolistic markets may use. The lesson includes various tasks, examples and clear theory and links to various video clips to help consolidate the learning. The first part of the lesson has the following learning objectives:
* All Students will understand how game theory works and how it im
Subjects:
Grades:
8th - 12th
Technological Change & Technical Progress - Invention & Innovation - Economics
This lesson looks at technological change and how it is impacting firms. The lesson looks at the difference between invention and innovation with relevant examples. The lesson also focuses on synergy demand and how some firms are using this to create huge profits. The lesson then looks at disruptive innovations and barriers to entry. The lesson concludes with some questions to help reflect on the key theory. I have included a teacher and student copy of the PPT. I have also included Economics Pi
Subjects:
Grades:
8th - 12th
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