This sequence of lessons (roughly two) focuses upon the causes of market failure, as identified by the specification. Public goods and information gaps are emphasised in these resources, with externalities explored in resource number 26. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

Notes, slides and activities. This lesson (approx. two lessons) focuses upon different ways of measuring unemployment - claimant count and the UK Labour Force Survey (using the ILO definition of unemployment). This lesson analyses the effectiveness of both counts and explores JSA for vital application. The effects of unemployment upon mental health are also discussed, as well as the concept of ‘hysteresis’ to challenge the most able. Slides are engaging, colourful and construct diagrams using a step-by-step method, so that concepts are more accessible for students. Teacher written notes are specific to Edexcel and expand upon the content in the slides. Resources use contemporary, real-life examples to bring the theory to life. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) is the start of macroeconomics Theme 2. The two lessons introduce the idea of households and firms being connected, then goes onto discuss leakages and injections. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) focuses upon the popular ‘behaviorial economics’ topic (known as ‘alternative views of consumer behaviour’ in the specification) and the lesson draws upon the work of Nobel Prize winner Richard Thaler. Clear, colourful and engaging PowerPoint which links to the worksheets. Edexcel-specific set of notes for the student (and teacher!). Worksheets that match-up with the slides and clearly link to the specification. All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly three) focuses upon positive and negative externalities. This challenging topic has been broken down into smaller chunks, by using diagrams on a PowerPoint that gradually build up and are accompanied by explanations. The slides also contain a YouTube link that shows an excellent example of a negative externality. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon the objectives of firms, namely profit satisficing and principal-agent problem. These resources also start to help students develop an understanding of how firms begin and uses a Dragons Den activity of apply the point. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon government intervention, specifically regulation and the provision of information. The intervention is analysed and evaluated through real examples in the tobacco industry. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly one or two) focuses upon concentration ratio. The energy market is used to contextualise the theory and numerical activities apply quantitative skills to the theory. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly one) focuses upon state provision as a form of government intervention. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) focuses upon tradable pollution permits and draws upon the EU’s real attempts to reduce pollution using this method. Included is also an excellent link to a video explaining the concept clearly. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two) focuses upon the market structure of oligopoly. The assumptions underpinning the theory are explored, in terms of the way firms compete with each other. As part of this, the kinked demand curve is also explored - although not in the specification explicitly, this theory is frequently included in mark schemes and makes for excellent analysis. In the next set of resources (number 17), game theory and collusion are explored. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly two or three) focuses upon government intervention to encourage competition. The concepts of deregulation and privatisation are explained through the example of Royal Mail. This sometimes overwhelming topic for students is clearly and concisely condensed in accordance with the specification. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board. COPYRIGHT INFORMATION © All credits and copyright information can either be found beneath the photo/URL itself or on the last slide of the PowerPoint. All content (unless otherwise stated) is copyright © Michael Wilson (Magichael) - including notes, worksheets and the occasions when mark schemes and exemplar answers have been used.

This sequence of lessons (roughly three or four) focuses upon the labour market. Influences upon demand and supply of labour are clearly outlined, as is the elasticity of both. Scenario activities apply the concepts and the notes/slides clearly show what students need to know. In addition, geographical immobility of labour is explained and the National Living Wage is used as an example to contextualise the topic. Students can find this topic overwhelming, these resources make the whole concept concise and clearly show what students need to learn. Resources included are: Clear, colourful and engaging PowerPoint which links to the worksheets. Worksheets that match-up with the slides and clearly link to the specification. Edexcel-specific set of notes for the student (and teacher!). All resources are an original creation, detailed and very thorough. These lessons focus specifically upon Edexcel A Economics, but the fundamental premise could be applied to any exam board.

Use this FREE revision checklist to see how the Edexcel specification links up to the resources available in the Magichael Economics Shop. Clearly and easily link each specification topic to the resources available online. The check list contains tips and extra details as to what students need to learn.

Use this FREE revision checklist to see how the Edexcel specification links up to the resources available in the Magichael Economics Shop. Clearly and easily link each specification topic to the resources available online. The check list contains tips and extra details as to what students need to learn.

Use this FREE revision checklist to see how the Edexcel specification links up to the resources available in the Magichael Economics Shop. Clearly and easily link each specification topic to the resources available online. The check list contains tips and extra details as to what students need to learn.