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Economics
Rational Decision Making
This resource is a 17 slide PowerPoint that explains the concept or rational decision making.
Included in the presentation:
A colourful and informative title slide that outlines the learning objectives
An engaging and interactive online ‘vortex’ starter activity. Students need to match which key term links with which of four topics. Activity is self marked and instructions are included
Explanations of how rational decision making is a principle of neo-classical economics
Contextualised examples of how customers don’t always act rationally (Nudge Theory, Third Decoy, Dopamine, FOMO)
Explanation as to why consumers may not act rationally
This resource took me 30 minutes to complete
Free, Mixed and Command Economies
The PowerPoint attached is an informative presentation that explains the difference between command, mixed and free market economies.
Contextualised exams provided throughout.
This presentation contains 18 slides and took me 30 minutes to go through
Rational Decision Making (Economics)
17 slides in total, including a fun starter activity
This presentation took me 30 minutes to go through with my class
Indirect Taxation WORKSHEET
A worksheet that tests understanding of directly and indirect taxation.
There are 4 activities in this worksheet:
A fill the blanks activity that tests students understanding of types of direct and indirect taxation and the correct terminology used depending on the tax being discussed
An activity where students need to calculate tax per unit, incidence on producers, consumers and government revenue
An activity where students need to explain why the incidence on the producer / consumer changes depending on the price elasticity of demand
An extension of activity 2 where students are given 4 additional diagrams where they need to complete additional calculations and label the incidence / tax revenue
3 multiple-choice questions on indirect taxation
Detailed answers of all* activities are provided in this worksheet
This activity took between 20 and 30 minutes for my students to complete
Price Elasticity of Demand
Colourful. Engaging. Informative. This PowerPoint has been creating to introduce students to the concept of price elasticity of demand.
Included in this PowerPoint:
A detailed and colourful title page, highlighting the skills that will be covered over the duration of this topic
A starter activity where students need to rank in order which goods / services would be most to least affected by a change in price
Discussion points
Slides detailing how price elasticity of demand is calculated, with an example
Slides explaining what the numerical values mean (how to interpret them)
Calculation questions with answers
Explanation of the factors affecting price elasticity of demand
This resource took me one hour to go through as a class
Price Elasticity of Demand WORKSHEET
A detailed and colourful worksheet designed to test a range of skills covered in this topic. The worksheet contains 6 activities, each taking between 5 and 15 minutes to complete. It took most of my students between 45 minutes and an hour to finish this worksheet. The activities are as follows:
Activity 1 - A fill the blanks activity that test students’ knowledge of the vocal and terminology used
Activity 2 - Calculating PED, percentage changes and recognising the different types of PED
Activity 3 - ‘Developing your answers’ - students need to recognise and explain factors that influence PED
Activity 4 - Revenue boxes
Activity 5 - Diagrams
Activity 6 - More complex calculations / application
ALL ANSWERS ARE PROVIDED IN DETAIL and have been written in a way that is broken down for students to easily understand. I ran this activity as a peer marking exercise and collected everyone’s work at the end of the lesson to check if there were any gaps in understand to review the following lesson. This saved a lot of time!
Cross Elasticity of Demand
This PowerPoint includes:
An activity that introduces students to the concept of complements, substitutes and unrelated goods
A activity where students have to match pairs of complement and substitutes goods
An activity where students have to calculate the XED of a pair of goods
Detailed notes on how to calculate XED and what the data means
This presentation contains 21 slides and took me 45minutes to complete
Cross Elasticity of Demand
This PowerPoint includes:
An activity that introduces students to the concept of complements, substitutes and unrelated goods
A activity where students have to match pairs of complement and substitutes goods
An activity where students have to calculate the XED of a pair of goods
Detailed notes on how to calculate XED and what the data means
This presentation contains 21 slides and took me 45minutes to complete
Consumption (Aggregate Demand)
This resource explores the consumption component of aggregate demand.
Included in this resource:
Colourful and engaging title slide with learning objectives, autodate, bell, timer and animations
A fun catchphrase starter activity (guess the business or product just from the pictures)
Fill the blanks starter activity that recaps what aggregate demand is
Detailed notes on what consumption is and the factors that affect it
Video contextualising factors affecting consumption
Examples of AD components in other countries
5 marker practice activity, with structure and model answers
Answers included for every activity.
This resource took me 1 hour to go through with my students
Consumer and Producer Surplus
Included in this PowerPoint:
Colourful and engaging slides
Guess the question starter activity with answers (questions and answers cna be changed)
Detailed notes
A range of activities throughout with answers
Step by step demonstrations on how to show and calculate both the consumer and producer surplus
This presentation contains 38 slidea and took me an hour to go through with students
Public Expenditure (Macroeconomics)
This 83 slide presentation covers public expenditure (4.5.3 in Edexcel specification).
Included in this resource:
A colourful and engaging title slide with learning objectives, auto date and time, animations and timer (with short bell)
Editable recap starter activity (knowledge recall)
Lots of interesting and engaging activities surrounding taxation, such as calculating Boris Johnson’s salary as PM, taxes on lottery winnings and game shows
Ranking activity on UK public expenditure
Detailed notes on capital and current expenditure, transfer payments, reasons why this may change and impact on wider economy
Contextualised examples and embedded videos, such as HS2
15 marker practice essay on financial markets (prior topic) with scaffolds and model answer
This lesson took me two hours to complete
Introduction to Economics
PowerPoint that introduces the concept of economics and includes a number of activites (with answers).
Colourful title page with animations and timer
Introductory interactive game to see which economics concepts students are familiar with answers
Notes explaining economic problem, scarcity, ceteris paribus, etc
Activity on challenging economic assumptions with answers
Scarcity activity with answers
There are 35 slides in total and this lesson took me an hour to complete
Protectionism (Economics)
A detailed (102 slide) PowerPoint presentation on tariffs, quotas, trade subsidies and other forms of protectionsim.
This presentation includes:
Colourful slides
Videos
Activities
Links to syllabus
A detailed step-by-step instructions on how to draw tariff, quota and trade subsidy diagrams
Homework activities
Contextualised examples
Globalisation / Introduction to International Marketing
Using MCDONALD’S TSUKIMI BURGER, Tesco’s failure to succeed in the US, Apple’s failure to succeed in India, and many others, this PowerPoint seeks to explore the reasons why businesses wish to sell in international markets, the challenges and constraints.
Included in this PowerPoint:
A detailed title page, outlining the key skills covered in this topic
A recap on moving averages with answers. This topic is included in some syllabi earlier in the marketing unit but can be deleted if not required
A starter activity introducing the concept of globalisation where students need to match McDonalds products based on the country whey are sold
(demonstrating how products need to be adapted based on the market they are targeting). Answers are provided
An explanation of reasons why businesses choose to sell products in overseas markets
A contextualised example for each reason
Detailed explanations as to each of the reasons why how marketing activities need to change depending on which country goods are being sold
Video 1: Reasons why Tesco failed in US (poor marketing)
Video 2: Reasons why Apple failed in India (poor marketing)
Introduction to some of the factors that make trade between countries easier
This lesson took me an hour and a half to go through.
Revenue (Economics) - TR, MR, AR, PED
This 100 slide lesson details:
the meaning of total revenue, marginal revenue and average revenue
the relationship between marginal revenue and price elasticity of demand
the concept of price-taker and price-maker
the formula used to calculate each type of revenue
diagrams for TR, MR and AR depending on whether the firm is a price-taker or price-maker
Engaging activities are provided throughout (answers included)
Questions and answers are also provided
Resource is colourful and interactive with animations throughout
This lesson took me 4 hours to complete with my students
Demand (SMART NOTEBOOK VERSION)
Please note that this is a SMART NOTEBOOK presentation and not a PowerPoint presentation
Poverty, Lorenz Curve, Gini Coefficient
This presentation contains:
Colourful, detailed and engaging slides throughout
A ‘random name selector’ key term starter activity
7 timed past MCQs on a range of Economic concepts (interactive timer included) All answers included.
Activities throughout
Detailed notes throughout
Explanations of Lorenz Curve and Gini-coeffient
A comprehensive presentation.
There are 65 slides in total and this lesson took me an hour and a half to go through with students
Types of Taxation (Direct and Indirect)
A colourful and detailed presentation that explores types of taxation. Included in this presentation:
A fun Catchphrase starter activity where students have to look at images to guess the name of a product or service (my students love this!)
An initial true or false quiz about types of taxes (England specific)
4 slides illustrating how much tax revenue the UK generates in comparison to other countries and how that tax revenue is spent. A sample payslip is also shown to illustrate some of the deducations are taken from income tax
Colourful and detailed examples of the main forms of tax students need to know about (income, corporation, VAT, National insurance, business rates)
A ‘how much income tax does Boris pay!’ activity that students love. It illustrates that income tax brackets are different at different thresholds of income
Disadvantages of taxation
Useful tips and notes as to how to evaluate a question that refers to taxation
This lesson took me an hour to complete
Inflation
Included in this PowerPoint:
A detailed and colourful title slide that outlines the key learning outcomes and equipment required for the lesson
A starter activity where students are required to guess how the price of 5 goods and services has changed over time (closest for each round wins). Students really enjoy this activity
Explanation of why / when inflation becomes a problem, how it affects incomes and sectors where incomes have risen lower and higher than inflation
Explanation in basket of goods / weighted index
Step by step explanation of how inflation is calculated using weighted index
Activity (with answers) where students are required to calculate inflation changes using a weighted index
Activity (with answers) - identify which goods and services have been recently added and removed from the basket of goods
Explanation of difference between demand-pull and cost-push inflation with examples
Diagrams for both types of inflation
Presentation is detailed and colourful throughout
There are 52 slides in total and this presentation took me an hour and a half to go through.
Market Failure (Types of)
This lesson introduces the concept of market failure and explains what each of the key types of market failure are (externalities, under-provision of public goods and information assymmetry)
Included in this presentation is:
A colourful title slide with the key learning objectives
A ‘guess the question’ starter activity with answers
A step-by-step explanation as to what market failure is
Video showing an extreme example of externalities
Fill the blanks externality activity
Externalities sorting activity with answers
Positive externality activity
Information gap activity
Detailed and colourful notes throughout
This presentation is 32 slides in length and took me one hour to go through