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The Econ and Business shop

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Teacher of economics and business across five international schools for last twelve years having spent the 16 years prior employed as a Bank Manager with Lloyds Banking Group (UK) Examiner with CIE - economics (6 years)

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Teacher of economics and business across five international schools for last twelve years having spent the 16 years prior employed as a Bank Manager with Lloyds Banking Group (UK) Examiner with CIE - economics (6 years)
4.8 Inflation and deflation (IGCSE Macroeconomics)
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4.8 Inflation and deflation (IGCSE Macroeconomics)

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Measurement of inflation and deflation using the Consumer Prices Index (CPI). Causes of inflation: demand-pull and cost-push. Causes of deflation: demand-side and supply-side. The consequences of inflation and deflation for consumers, workers, savers, lenders, firms and the economy as a whole. The range of policies available to control inflation and deflation and how effective they might be. Review of Unit 4 Questions and suggested answers
3.7 Firms’ costs, revenue and objectives (IGCSE Microeconomics)
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3.7 Firms’ costs, revenue and objectives (IGCSE Microeconomics)

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Total cost (TC), average total cost (ATC), fixed cost (FC), variable cost (VC), average fixed cost (AFC), average variable cost (AVC). Calculation of TC, ATC, FC, VC, AFC and AVC. Definition, drawing and interpretation of diagrams that show how changes in output affect costs of production. Total revenue (TR) and average revenue (AR). Note: marginal revenue is not required. Calculation of TR and AR. The influence of sales on revenue. Survival, social welfare, profit maximisation and growth. *Unit 3 review Note: marginal cost (MC) not required. Questions with suggested solutions
2.8 Price elasticity of supply (IGCSE Microeconomics)
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2.8 Price elasticity of supply (IGCSE Microeconomics)

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Calculation of PES using the formula and interpreting the significance of the result. Drawing and interpretation of supply curve diagrams to show different PES. The key influences on whether supply is elastic or inelastic. The implications for decision making by consumers, producers and government. Supply and demand review doc Questions and suggested solutions
2.3 Demand (IGCSE Microeconomics)
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2.3 Demand (IGCSE Microeconomics)

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Definition, drawing and interpretation of appropriate diagrams. A demand curve to be drawn and used to illustrate movements along a demand curve with appropriate terminology, for example extensions and contractions in demand. The link between individual and market demand in terms of aggregation. The causes of shifts in a demand curve with appropriate terminology, for example increase and decrease in demand Supply and demand review doc Questions and suggested solutions
4.2 Costs, Scale of production and break-even analysis (IGCSE Business Studies)
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4.2 Costs, Scale of production and break-even analysis (IGCSE Business Studies)

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4.2.1 Identify and classify costs: • Classifying costs using examples, e.g. fixed, variable, average, total • Use cost data to help make simple cost-based decisions, e.g. to stop production or continue 4.2.2 Economics and diseconomies of scale: • The concept of economies of scale with examples, e.g. purchasing, marketing, financial, managerial, technical • The concept of diseconomies of scale with examples, e.g. poor communication, lack of commitment from employees, weak coordination 4.2.3 Break-even analysis: • The concept of break-even • Construct, complete or amend a simple break-even chart • Interpret a given chart and use it to analyse a situation • Calculate break-even output from given data • Define, calculate and interpret the margin of safety • Use break-even analysis to help make simple decisions, e.g. impact of higher price • Understand the limitations of break-even analysis Sample questions and answers
4.3 Achieving quality production (IGCSE Business Studies)
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4.3 Achieving quality production (IGCSE Business Studies)

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4.3.1 Why quality is important and how quality production might be achieved: • What quality means and why it is important for all businesses • The concept of quality control and how businesses implement quality control • The concept of quality assurance and how this can be implemented Sample questions and answers
2.3.2 Training of employees (IGCSE Business Studies)
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2.3.2 Training of employees (IGCSE Business Studies)

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2.3.2 The importance of training and the methods of training: • Importance of training to a business and to employees • Benefits and limitations of induction training, on-the-job training and off-the-job training Questions and suggested answers
1.4 Types of Business Organisation (IGCSE Business Studies)
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1.4 Types of Business Organisation (IGCSE Business Studies)

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PPT Covering: Why the owners of a business may want to expand the business Different ways in which businesses can grow Problems linked to business growth and how these might be overcome Why some businesses remain small Why some (new or established) businesses fail: Causes of business failure, e.g. lack of management skills, changes in the business environment, liquidity problems Why new businesses are at a greater risk of failing Questions and suggested answers
3.2 Market research (IGCSE Business Studies)
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3.2 Market research (IGCSE Business Studies)

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3.2.1 The role of market research and methods used: • Market-orientated businesses (uses of market research information to a business) • Primary research and secondary research (benefits and limitations of each) • Methods of primary research, e.g. postal questionnaire, online survey, interviews, focus groups • The need for sampling • Methods of secondary research, e.g. online, accessing government sources, paying for commercial market research reports • Factors influencing the accuracy of market research data 3.2.2 Presentation and use of market research results: • Analyse market research data shown in the form of graphs, charts and diagrams; draw simple conclusions from such data *Unit 3 review sample questions and answers
1.5 Business objectives and shareholder interests (IGCSE Business Studies)
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1.5 Business objectives and shareholder interests (IGCSE Business Studies)

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PPT covering: Need for business objectives and the importance of them Different business objectives, e.g. survival, growth, profit and market share Objectives of social enterprises Main internal and external stakeholder groups Objectives of different stakeholder groups How these objectives might conflict with each other, use examples Questions and suggested answers
2.4 Internal and External Communication (IGCSE Business Studies)
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2.4 Internal and External Communication (IGCSE Business Studies)

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2.4.1 Why effective communication is important and the methods used to achieve it: • Effective communication and its importance to business • Benefits and limitations of different communication methods including those based on information technology (IT) • Recommend and justify which communication method to use in given circumstances 2.4.2 Demonstrate an awareness of communication barriers: • How communication barriers arise and problems of ineffective communication; how communication barriers can be reduced or removed Questions and suggested answers
2.9 Market economic system (IGCSE Microeconomics)
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2.9 Market economic system (IGCSE Microeconomics)

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Including the roles of the private sector (firms and consumers) and the public sector (government) in a market economy. Including examples of how it works in a variety of different countries. Questions and suggested solutions
2.6 Price changes (IGCSE Microeconomics)
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2.6 Price changes (IGCSE Microeconomics)

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Changing market conditions as causes of price changes. Demand and supply diagrams to be used to illustrate these changes in market conditions and their consequences for equilibrium price and sales.
Budgeting
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Budgeting

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PowerPoint providing prompts to further learning. Cash flow work sheet.
Financial statements
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Financial statements

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Details the constituents of an income statement and balance sheet. Cash statements are not covered. 7 ratios. Worksheet allows for practice with solution.