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Former teacher of Economics, Politics & Business Studies in Madrid, Spain (journalist at The Times, Sunday Times & MoneySavingExpert.com in a previous life)

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Former teacher of Economics, Politics & Business Studies in Madrid, Spain (journalist at The Times, Sunday Times & MoneySavingExpert.com in a previous life)
Normal & supernormal profit (A-level Economics)
smith_michaelsmith_michael

Normal & supernormal profit (A-level Economics)

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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
Costs & imputed costs (A-level Economics)
smith_michaelsmith_michael

Costs & imputed costs (A-level Economics)

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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
Short-run cost curves (A-level Economics)
smith_michaelsmith_michael

Short-run cost curves (A-level Economics)

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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
Market failure (AS-level Economics)
smith_michaelsmith_michael

Market failure (AS-level Economics)

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AS Microeconomics lesson (Edexcel) covering market failure, used with my Year 12 students. Includes: PowerPoint (with explanations and learner activities) 3 short past paper questions (with answers) Link to relevant video Article about moral hazard in banking 15-lesson bundle covering the first 10 chapters of Edexcel Economics Student Book 1 (introductory concepts, consumer behaviour and demand and supply) can be found here: https://www.tes.com/teaching-resource/as-level-microeconomics-bundle-edexcel-chapters-1-10-15-lessons-worksheets-12602164
Supply of labour (A-level Economics)
smith_michaelsmith_michael

Supply of labour (A-level Economics)

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A-level Microeconomics lesson (Edexcel) on supply of labour used with my Y13 students. Includes: PowerPoint (with learner activities) Starter (on oligopolies) Explanations of factors affecting supply of labour (net migration, government regulation, trade unions etc) Essay question / case study Essay planning template Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Perfect competition (A-level Economics)
smith_michaelsmith_michael

Perfect competition (A-level Economics)

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A-level Microeconomics lesson (Edexcel) on perfect competition PowerPoint includes questions (with answers) for students to complete. Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Monopolistic competition (A-level Economics)
smith_michaelsmith_michael

Monopolistic competition (A-level Economics)

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A-level Microeconomics lesson (Edexcel) on monopolistic competition PowerPoint includes some MCQ practice questions (with answers) to warm up with and then explains monopolistic competition - students then have to complete graph practice. Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Allocative efficiency (A-level Economics)
smith_michaelsmith_michael

Allocative efficiency (A-level Economics)

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A-level Microeconomics lesson (Edexcel) on efficiency (allocative efficiency; productive efficiency; dynamic efficiency; x-inefficiency) Includes: PowerPoint (with student tasks) Starter task Worksheet (with graphs to complete) Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Contestability (A-level Economics)
smith_michaelsmith_michael

Contestability (A-level Economics)

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A-level Microeconomics lesson (Edexcel) on contestability. Includes: PowerPoint (with learner activities) Starter task (on sunk costs) Lots of examples of contestable markets and what makes them contestable Practice questions Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
YED: Income elasticity of demand (AS-level Economics)
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YED: Income elasticity of demand (AS-level Economics)

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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
Externalities (AS-level Economics)
smith_michaelsmith_michael

Externalities (AS-level Economics)

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AS Microeconomics lesson (Edexcel) covering externalities, used with my Year 12 students. Includes: PowerPoint (with explanations and learner activities) Starter (Microeconomic definitions) Welfare loss graph practice worksheet Practice essay question (with mark scheme) Essay planning template Link to related FT article and documentary (YouTube) with task for students to apply their knowledge Enough for a double lesson (1h 50m). 15-lesson bundle covering the first 10 chapters of Edexcel Student Book 1 (introductory concepts, consumer behaviour and demand and supply) can be found here: https://www.tes.com/teaching-resource/as-level-microeconomics-bundle-edexcel-chapters-1-10-15-lessons-worksheets-12602164
XED: Cross elasticity of demand (AS-level Economics)
smith_michaelsmith_michael

XED: Cross elasticity of demand (AS-level Economics)

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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
Functions of money (AS-level Economics)
smith_michaelsmith_michael

Functions of money (AS-level Economics)

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AS Microeconomics lesson (Edexcel) covering the functions of money and role of financial markets. Full 1-hour lesson includes: PowerPoint Quick quiz on key concepts so far Worksheet (challenging students to research whether Bitcoin satisifies the functions of money) Role of financial markets (video and mind map) Practice 4-mark question (with mark scheme) Part of a series of lessons. Lesson 1 can be found here: https://www.tes.com/teaching-resource/resource-12528554 Lesson 2 can be found here: https://www.tes.com/teaching-resource/resource-12528577 Lesson 3 can be found here: https://www.tes.com/teaching-resource/resource-12528586 Lesson 4 can be found here: https://www.tes.com/teaching-resource/resource-12528605 Lesson 5 can be found here: https://www.tes.com/teaching-resource/resource-12528624 Lesson 6 can be found here: https://www.tes.com/teaching-resource/resource-12528791 Bundle here: https://www.tes.com/teaching-resource/resource-12528890 P.S. I adapted the worksheet from a site called econedlink. The original can be found here: https://econedlink.org/wp-content/uploads/2019/04/Money-Checklist.pdf
Production possibility frontiers (AS-level Economics)
smith_michaelsmith_michael

Production possibility frontiers (AS-level Economics)

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AS Microeconomics lesson (Edexcel) covering: Production possibility frontiers showing: Choice Efficiency Opportunity cost Economic growth/contraction Full 1-hour lesson includes: PowerPoint Activities Worksheet (graph practice & questions) Part of a series of lessons. Lesson 1 can be found here: https://www.tes.com/teaching-resource/resource-12528554 Lesson 2 can be found here: https://www.tes.com/teaching-resource/resource-12528577 Lesson 3 can be found here: https://www.tes.com/teaching-resource/resource-12528586 Lesson 4 can be found here: https://www.tes.com/teaching-resource/resource-12528605 Bundle here: https://www.tes.com/teaching-resource/resource-12528890
PES: Price elasticity of supply (AS-level Economics)
smith_michaelsmith_michael

PES: Price elasticity of supply (AS-level Economics)

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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
PED: Price elasticity of demand (AS-level Economics)
smith_michaelsmith_michael

PED: Price elasticity of demand (AS-level Economics)

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AS Microeconomics lesson (Edexcel) covering price elasticity of demand (PED). Full 1-hour lesson includes: PowerPoint Activities Previous exam practice questions Worksheet Homework 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
Business objectives (A-level Economics)
smith_michaelsmith_michael

Business objectives (A-level Economics)

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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
Maximum & minimum prices (plus AS-level Microeconomics diagram revision)
smith_michaelsmith_michael

Maximum & minimum prices (plus AS-level Microeconomics diagram revision)

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AS Microeconomics graph practice / revision - show students the various news article headlines and then challenge them to draw the corresponding diagram. Students need previous knowledge of all microeconomic diagrams (except maximum and minimum prices - which are covered in the final slides). 15-lesson bundle covering the first 10 chapters of Edexcel Student Book 1 (introductory concepts, consumer behaviour and demand and supply) can be found here: https://www.tes.com/teaching-resource/as-level-microeconomics-bundle-edexcel-chapters-1-10-15-lessons-worksheets-12602164
Government failure (AS-level Economics)
smith_michaelsmith_michael

Government failure (AS-level Economics)

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AS-level Microeconomics lesson (Edexcel) on government failure used with my Y12 students. Includes: PowerPoint (with learner activities) Recap of market failure and government intervention Video about consequences of government failure (landfill tax) Case study (with annotated help) 20-mark question with essay planner Full shop for more Economics, Business & Politics resources: https://www.tes.com/teaching-resources/shop/smith_michael
Government intervention (AS-level Economics)
smith_michaelsmith_michael

Government intervention (AS-level Economics)

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AS Microeconomics lesson (Edexcel) covering government intervention in markets (indirect taxes, subsidies, regulations etc), used with my Year 12 students. Includes: PowerPoint (with key words, explanations and learner activities) Practice questions (including essay question) Economics essay writing template Enough for a double lesson (1h 50m). 15-lesson bundle covering the first 10 chapters of Edexcel Student Book 1 (introductory concepts, consumer behaviour and demand and supply) can be found here: https://www.tes.com/teaching-resource/as-level-microeconomics-bundle-edexcel-chapters-1-10-15-lessons-worksheets-12602164